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OmegaStarScream (OP)
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June 24, 2015, 01:20:22 PM
 #1
Couple of hours ago I checked the price on preev.com rates and the price was about 274$~ or something like that , now it's back 250$ suddenly what exactly the cause of those pumps , just some regular exchange websites manipulations ? also what's your expectation till the end of this month ?
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Amph
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June 24, 2015, 01:28:58 PM
 #2
you mean spike? it coul be a fake spike registered in some exchange, i don't know from which range of exchange preev take his price calculation
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June 24, 2015, 01:39:32 PM
 #3
Quote from: Amph on June 24, 2015, 01:28:58 PM
you mean spike? it coul be a fake spike registered in some exchange, i don't know from which range of exchange preev take his price calculation

I'am not sure what a spike means but Preev.com rates are absolutly and 100% legit as far as I know , using it for over a year now and he take from different sources : LocalBitcoins , Bitfinex , Bitstamp and also BTC-E
I was the only one who saw that price changing ?  Huh
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c.h.
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June 24, 2015, 02:02:53 PM
 #4
As stated, the price data is continually gathered from multiple markets. A weighted average price of these markets is shown by default so essentially what it means is that there is a probability that on one exchanger, large orders could have been executed causing the remaining supply to be sold at higher price and thus drive the numbers up.
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apriyani420
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June 24, 2015, 02:42:46 PM
 #5
cant it be just some kind of a bug on the preev, maybe something happened and it showed incorrect prices for a while and then it was fixed
OmegaStarScream (OP)
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June 24, 2015, 02:53:39 PM
 #6
Quote from: apriyani420 on June 24, 2015, 02:42:46 PM
cant it be just some kind of a bug on the preev, maybe something happened and it showed incorrect prices for a while and then it was fixed

Most likely yeah since no one really took attention to the price then probably just a little fast bug and I was on the wrong place on the wrong time , haha Grin
thanks for both your answers , closing the topic since i got the needed answers
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