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July 04, 2015, 09:52:13 PM |
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I dont think it will have very much effect on the price just yet. its an idex, simply shows the averaged value of btc based on daily trades, such info is already available if you look. what it does do is add a new layer of legitimacy to btc, which, in the long run is good. when the ETFs and such sort of vehicles for allowing new investors a chance to properly exploit market movements show up, then we will see a slow but steady climb.
TL;DR the nyxbt isn't the sunny day you are looking for, its the weather report.
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