What's the real price? - page 4. | Bitcointalksearch.org

nicster551

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Quote from: Coinifyx on December 31, 2018, 04:54:40 PM

Currently we have BTC at $ 3,730 on cryptocompare (https://www.cryptocompare.com/)
And BTC at $3,674 on preev (http://preev.com/)

Which one is the most reliable? An average of the prices?

I think the most appropriate price we could tell is where the exchange has the most volume in it. In different exchange, the price of Bitcoin is being traded so the price is no the same.

Valer4ik

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For pampas you need a lot of cuts, so as not to spend a lot of money.

Ideally, we collect all the cue balls, and sell them to ourselves, draw what we want the course, and then let in crowds of hamsters on the "rocket".

After we sell the whole crypt on the huya and exit. Let the hamsters go on flying

Shiversnow

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Quote from: ?? on ??

bitcoin is currently very unstable, even though bitcoin is down, but the price is never stable at one point, it also gives us an advantage, because bitcoin can rise suddenly

Indeed, the price of bitcoin is always unstable simply because of being volatile on its price. We do not know if bitcoin will rise soon but all of us are expecting for that moment. The price of bitcoin is always change and in different exchange you can see different price so I hard to know what is the real price of bitcoin.

Kakmakr

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The most accurate global average price are the combined average of the most exchanges. We have had several instances where local Bitcoin prices were much higher or lower on local exchanges in some countries, compare to other countries.

At one stage the demand was very high in Venezuela and people were paying premium prices for bitcoins at their local exchanges and the same thing happened in Zimbabwe.

Just take the average price of your local exchange prices to get a accurate average of what the best price would be in your country.

demenBTC

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cmc for me is more reliable to see the current BTC prices, all prices vary in each market and that depends on the market volume, the price of btc in cmc always takes the average price in each available market

pooya87

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both of those numbers are reliable and correct but the difference is that they are showing a different thing and in their own context they are correct.
for example preev is showing the average price between 2 exchanges (Bitstamp and Kraken) so it is a correct "average" price between these two exchanges and it updates every couple of seconds. but for example if you want to know the price at Bitstamp then that value can be wrong because you are looking at it with a different context in mind. same goes with cryptocompare

elda34b

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All of them are real price. Think of it as two place where you can buy and sell something, sometimes they have different price due to different supply and demand. It will eventually reach an equilibrilum sooner or later. Some people will do arbritrage which can lead to price stabilization on both market. You can choose any exchange to buy/sell your Bitcoin, as long as it can give you benefits.

shinharu10282016

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The answer always relies on which exchanges are having the most trades I guess? Since most of the money will go in and go out of there simultaneously.

But really, it won't be any different to other people who are trading since you can actually have gains despite the difference in prices of BTC.

odolvlobo

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The real price is whatever price you are willing to trade at. Everything else is just an estimate of what other people might trade for it.

But to answer your question, ... There is no "real" price. The prices you see listed are typically the prices of the most recent trades on various exchanges, though many prices are averages. If you want to know where a particular price comes from, you will need to ask the site showing the price.

TimeTeller

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Quote from: Xardasim on December 31, 2018, 05:50:52 PM

Also if you look at coinmarketcap and coinlib, you will see different prices. In my opinion it would be better to follow the price of the exchange you use. Because you can see different prices as average and we do not know which one is right.

Actually, there's no right or wrong price.
It all depends on which exchange you are dealing with.
So basically, it relies on the demand and supply of that specific exchange.
It might go lower in a small unknown exchange but you don't know if you can get out that fast and safe.
I would say, better check the bitcoin price on the exchange where you convert it to your fiat money.

Xardasim

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Also if you look at coinmarketcap and coinlib, you will see different prices. In my opinion it would be better to follow the price of the exchange you use. Because you can see different prices as average and we do not know which one is right.

Coinifyx

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Quote from: jossiel on December 31, 2018, 05:37:03 PM

The price arent even far from each other. If you will look at exchanges you can also notice this difference that they dont have same price.

Any of them will do but I used to check it with preev and cmc, when you will convert it to fiat, the price varies and will depend to the exchange you will use.

I tend to use preev for my exchanges just wanted to hear how reliable it is

kingcolex

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It all depends on how it weighs the exchanges and which ones it adds to the the average, we all know bitstamp is a hundred or so above usually. So I am guessing it uses stamp and a few others and that skews things.

jossiel

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The price arent even far from each other. If you will look at exchanges you can also notice this difference that they dont have same price.

Any of them will do but I used to check it with preev and cmc, when you will convert it to fiat, the price varies and will depend to the exchange you will use.

AGD

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1 Bitcoin is exactly worth 1 BTC

pabpete

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How many cryptocurrency experts is there, so many answers to your question are.
In my opinion, the real price should be counted by how much enegry on average we need to mine 1 Bitcoin.
However, this also depending on the energy price in each country - so we will need to know avarage price of electricity in the world.

Coinifyx

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Currently we have BTC at $ 3,730 on cryptocompare (https://www.cryptocompare.com/)
And BTC at $3,674 on preev (http://preev.com/)

Which one is the most reliable? An average of the prices?

Topic: What's the real price? - page 4. (Read 1047 times)