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Author Topic: How old is the MtGox 'last' price?  (Read 575 times)
CryptoFreak33
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September 11, 2012, 11:17:11 PM
 #1

When I look at the 'last' price at MtGox, I'm wondering how old it is? Is it refreshed each time the page/API is called or on a timed basis? How strongly can I rely on it for the current Btc price without worry of it changing drastically in the next 30 seconds or so?

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TangibleCryptography
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September 11, 2012, 11:19:03 PM
 #2

It is based on the last trade. Smiley
It could be a fraction of a second or it could be hours (unlikely).
It is rare for there to be a period of time with no trades longer than say a minute.

It could change very very drastically in 30 seconds especially in a panic sell.  Generally speaking the intra hour volatility is much lower these days.

Taking a look at a chart might help you visualize the swings and frequency of trades.

http://btccharts.com/#m=mtgox-BTC-USD
CryptoFreak33
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September 12, 2012, 12:08:25 AM
 #3

Thank you, TangibleCryptograhy. That helps a a lot! That gives me a bit more confidence in using it for product pricing/conversion,

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