Weirdity

[Aahzman]

So, looking at my wallet at blockchain.info...

the daily USD value of my bitcoins seems to change a lot, but weirdly, even though the Market Price (USD) chart from blockchain shows the value of BTC going UP steadily over the last week, my USD value of my hoard seems to go up and down, about a 5% variance from day to day, even though the amount of bitcoins has only *increased* (slush mining, about a bitnickel every 18 hours).

maybe I'm missing something critical, but if my BTC amount goes up, and the USD market value of BTC goes up, then the USD equivalent of my BTC amount should also...go up?

I keep about 28BTC in my blockchain wallet. 28.25BTC on wednesday showed a value of roughly $393. Today, 28.46BTC shows a value of $378, eventhough the market price chart shows only upward motion...

Confused...

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[hamdi]

what counts is the amount of btc you have.

i never really noticed blockchain's conversion would fail, but maybe thats the case.

[Stephen Gornick]

Today, 28.46BTC shows a value of $378, eventhough the market price chart shows only upward motion...

Confused...

It appears to use the 24 hour price (which is volume weighted average price, VWAP).

There was a selloff earlier today, and a rebound, so VWAP is several percent below the last trade price.