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Title: Newbie question - Is Bitcoin traded 24X7 (on exchanges) Post by: hanman on December 17, 2013, 09:36:44 PM Is there a close price on the Bitcoin or it is just continuous traded and end of the day (GMT) becomes the close price. Thanks for any info.
Title: Re: Newbie question - Is Bitcoin traded 24X7 (on exchanges) Post by: Kasandra on December 17, 2013, 09:39:30 PM there are multiple exchanges and all trading 24/7.
Title: Re: Newbie question - Is Bitcoin traded 24X7 (on exchanges) Post by: reikokuko on December 17, 2013, 09:44:37 PM The close price depends on the time interval you are looking at. If you are looking at a 15 minute chart, then the close prices is the price every 15 minutes. Just like a real currency exchange (Forex market), bitcoin trades around the clock.
Title: Re: Newbie question - Is Bitcoin traded 24X7 (on exchanges) Post by: DoubleMyCoins! on December 17, 2013, 10:26:32 PM There is no close price because most crypto-currency exchanges (and casinos!) never close :)
There is no need to close since everything is run by computer. Close prices are related to a time when trading was tied to the real world and human/broker operating hours. Title: Re: Newbie question - Is Bitcoin traded 24X7 (on exchanges) Post by: hanman on December 18, 2013, 01:51:08 AM It makes sense that there would not be a "end of day" close price for bitcoin.
Funny though, this site shows "Close price" for bitcoin without much specifics. http://www.coindesk.com/price/ Title: Re: Newbie question - Is Bitcoin traded 24X7 (on exchanges) Post by: homestereo on December 18, 2013, 02:33:38 AM I imagine that it is just trying to use some finance lingo, since the other view is OHLC (Open-high-close-low) which seems to be using some arbitrary unit to represent a day.
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