|
Title: Weighted Average or direct price from a specific exchange? Post by: keithers on January 28, 2014, 05:03:30 PM Hey guys, I recently have been selling some shoes and clothing items for bitcoin and litecoin. When quoting prices in terms of BTC, I am curious as to which exchange you guys are using for the conversion to dollars, or your local currency? For instance, I sold some Jordans to a trusted member Mameise on this forum, and when giving him a price in BTC, I just went off of Bitstamp (which at the time was priced much lower than Gox or Huobi, but slightly higher than BTC-E. I was trying to be the most fair for both of us, so I just went off of the exchange in the middle. Obviously if you are selling for LTC or another alt-coin, you are more than likely going to be tied to BTC-E since they have the highest volume of most alt-coins.
I know that pricing shifts by the minute obviously on each exchange, but would like to know your thoughts on quoting prices in BTC... Thanks! Title: Re: Weighted Average or direct price from a specific exchange? Post by: hilariousandco on January 28, 2014, 05:06:24 PM Just use preev. It's an average of a handful of the biggest exchanges. http://preev.com/btc/
Title: Re: Weighted Average or direct price from a specific exchange? Post by: Rannasha on January 28, 2014, 05:11:58 PM Just use preev. It's an average of a handful of the biggest exchanges. http://preev.com/btc/ preev includes MtGox prices, which inflates the value. To the OP: I would just use whichever exchange you use to convert to local currency with. Bitstamp and BTC-e will typically stick rather close to eachother, so the difference for the customer should be small. Just add a notice for customers informing them where you get your exchange rate from. Title: Re: Weighted Average or direct price from a specific exchange? Post by: Meuh6879 on January 28, 2014, 05:40:10 PM Mt.gox price exchange is useless ... check virwox (system) or justcoin.
when i transform BTC to Euro, only last 2 is the true about the exchange ... example : 400mBTC = 200 euros (virwox and justcoin indicate 500euros/BTC and mt.gox indicate 720euros/BTC). Title: Re: Weighted Average or direct price from a specific exchange? Post by: hilariousandco on January 28, 2014, 05:49:20 PM Just use preev. It's an average of a handful of the biggest exchanges. http://preev.com/btc/ preev includes MtGox prices, which inflates the value. To the OP: I would just use whichever exchange you use to convert to local currency with. Bitstamp and BTC-e will typically stick rather close to eachother, so the difference for the customer should be small. Just add a notice for customers informing them where you get your exchange rate from. You can choose which exchanges make up the average from the options. Title: Re: Weighted Average or direct price from a specific exchange? Post by: Analyticse on January 28, 2014, 06:01:43 PM Just use preev. It's an average of a handful of the biggest exchanges. http://preev.com/btc/ preev includes MtGox prices, which inflates the value. To the OP: I would just use whichever exchange you use to convert to local currency with. Bitstamp and BTC-e will typically stick rather close to eachother, so the difference for the customer should be small. Just add a notice for customers informing them where you get your exchange rate from. BitStamp - 1 (33.3%) Mt. Gox - 1 (33.3%) i am thin kthis what normal for future Title: Re: Weighted Average or direct price from a specific exchange? Post by: keithers on January 28, 2014, 11:34:21 PM Thanks guys!
|