Bitcoin Forum

Economy => Economics => Topic started by: jp on June 07, 2011, 08:42:04 PM



Title: Price Mt Gox
Post by: jp on June 07, 2011, 08:42:04 PM
Please forgive the noob question, but how is price calculated on the Mt Gox exchange?

Thanks in advance.

-JP


Title: Re: Price Mt Gox
Post by: Jack of Diamonds on June 07, 2011, 09:13:12 PM
http://bitcoincharts.com/markets/mtgoxUSD.html


Title: Re: Price Mt Gox
Post by: jp on June 07, 2011, 09:21:24 PM
Sorry, but it's still not clear to me.... is there a FAQ somewhere?

Thanks.


Title: Re: Price Mt Gox
Post by: davout on June 07, 2011, 09:30:19 PM
People sell coins to other people who buy them, they both have acceptable price they're willing to buy/sell for mtgox simply reports the trade that happened