BTC Price Question

[Fireblade]

Yes, it is possible to take advantage of the variation in price of BTC across exchanges but this kind of trade is getting difficult to make recently, but you need a good bot to do that for you, have seen such arbitrage disappeared in matter of second.

but i do not think that it is possible to take the advantage from the variation in the price of BTC across exchanges, the problem is the transaction fee, when you are going to convert your bitcoin from exchange to exchange where they offer a little high price and we add the transaction fee so it become equal and it become difficult to get any advantage from it. to me i think the best option is trading you can make good money in trading.

[xuan87]

There is a standard price however each of the exchanger maybe have a slightly different price, I often heard arbitrage trading, but I think the chance to earn profit is too small plus you need to pay the fee to sell and also the price changes so quickly you might even lost few dollars before you get few cents

[nelson4lov]

No, because there are multiple exchanges and there can be wild variations because of that.  Market forces act separately at each exchange.  The price should be the same across all of them, but it never quite is.  So the preev.com price is a composite, I believe, but if you look at bitstamp it may be different than poloniex or any of the others.  Crazy, eh?

The Price of bitcoin cannot be the same across multiple exchanges and sites as the Price is dependent on exchange rate and Exchanges have different buy support which is also the cause. I feel All sites uses an estimate price to determine their prices. If bitcoin wasn't so volatile as it is , I would really be delighted for that but now It's not. Different Prices and unstable Price is one of bitcoin's main problem at the moment.

[pinkpanther03]

What is the actual btc price?  Is there a standard site that uses the btc price?  I read some ppl use the google rate.  Others use coinbase... kraken, bitstamp etc.  I notice the price for bitstamp for bitcoin seems to be the lowest.


If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price?  I believe this is arbitrage.  But i assume this isn't possible due to bitcoin price moving so fast by the minute?  Or are the fees a bit too much for this?  Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.

There is no actual price in bitcoin, its true that at any moment price of bitcoin can be change quickly, and about what you are palnning it, if you think it will be profitable, well go ahead. But it will come at the same way in the long run.

[ReLieD]

The price of bitcoin keeps changing,
One moment it is something and next moment it is something else.
All the sites show almost the same value.
Some update their site a bit early and some a bit late.
Some sites automatically change the value exactly how the prices changes.
Mainly blockchain sites show the exact and correct values

[shield132]

Well, there isn't actual bitcoin price but I mostly use price which is in google. In reality there is no big difference in them, only some dollars and that's normal because while it's decentralyzed, there is no way of actual price. See real currencies like dollar, euro, they are controlled by goverment and big players. Bitcoin isn't fully decentralized but every user plays main role and to my mind that's reason of no actual price.

[ImHash]

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

[talkbitcoin]

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

[virasog]

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

You know what yes it is an idiot move if you buy high now and you sell it now in low price it is just  a waste of money, but I guess you buy bitcoin now in high price it is okay and you sell it in the future in low amount you make profit on that, like you bought 1 btc in 1000$ and in the future you the value is $1500 since you bought it in $1000 I guess it is not bad if you sell it in just $1300 lower and cheaper.

[blackhawkeye1912]

What is the actual btc price?  Is there a standard site that uses the btc price?  I read some ppl use the google rate.  Others use coinbase... kraken, bitstamp etc.  I notice the price for bitstamp for bitcoin seems to be the lowest.


If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price?  I believe this is arbitrage.  But i assume this isn't possible due to bitcoin price moving so fast by the minute?  Or are the fees a bit too much for this?  Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.

Of course No, as you can see in bitcoin industry, none of the exchange sites are having the same price with bitcoin, this will depend on the volume they get in the market, this was I think of it. Therefore Bitcoin is very anonymous and the price most often change form time to time.

[zzTAz]

i use https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd for the price ^^

[JeffBrad12]

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else.   

[Zadicar]

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else.   

Thats why we should not always trust on those person who are on the troll box which always says about the chills about bitcoin price and other price of other alts. Panic selling will surely arise specially to those newbies and they do believe and fall easily. Price of bitcoin is not predictable thats why make it hard to trade with it.

[BrewMaster]

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else.   

Thats why we should not always trust on those person who are on the troll box which always says about the chills about bitcoin price and other price of other alts. Panic selling will surely arise specially to those newbies and they do believe and fall easily. Price of bitcoin is not predictable thats why make it hard to trade with it.

the name is perfect: "Troll Box"
that should be enough indication for anybody to know what is happening in there. everybody just trolling there, hyping or creating panic to get their own orders filled. although you may find some rare good information on there too.

and to be honest i dislike the idea of even having a chat option on an exchange! that is one of the reasons why i like bittrex more, they don't have these types of foolishness.

[googlebtc]

if you need to see the price of bitcoin you can see here https://markets.blockchain.info/
but to convert you can use this https://tools.bitcoin.com/


I think every trading sites have different prices 

[Zadicar]

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else.   

Thats why we should not always trust on those person who are on the troll box which always says about the chills about bitcoin price and other price of other alts. Panic selling will surely arise specially to those newbies and they do believe and fall easily. Price of bitcoin is not predictable thats why make it hard to trade with it.

the name is perfect: "Troll Box"
that should be enough indication for anybody to know what is happening in there. everybody just trolling there, hyping or creating panic to get their own orders filled. although you may find some rare good information on there too.

and to be honest i dislike the idea of even having a chat option on an exchange! that is one of the reasons why i like bittrex more, they don't have these types of foolishness.

I dont know why they call it as Trollbox but still a good way to communicate with other traders and the thing you should be wary that  those informations you read on that box isnt believable anytime most of them are just fuds or wrong informations not all since there are still some legit announcements from other people either devs/people related to the coin.

[Slark]

There is nothing like ideal and true bitcoin price. Unlike fiat which is centrally controlled and kept 'in place' by central banks by manipalting inflation and interest rates.
No central authority stands behind bitcoin dictating the prices. So to determine 'ideal' price of bitcoin just use price from the major exchanges: Bitfinex, Kraken, Coinbase etc.
Be wary about Chinese exchanges, price there is often manipulated and can't be taken seriously.

[coynedterm]

What is the actual btc price?  Is there a standard site that uses the btc price?  I read some ppl use the google rate.  Others use coinbase... kraken, bitstamp etc.  I notice the price for bitstamp for bitcoin seems to be the lowest.


If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price?  I believe this is arbitrage.  But i assume this isn't possible due to bitcoin price moving so fast by the minute?  Or are the fees a bit too much for this?  Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.

Actually no one has placed or marked for the actual price of bitcoin . But If you will see the history then you will found the price of the bitcoin reached to the maximum of about $1200/btc .
But it may be possible that in the future it may be possible it cross this price also .
Second thing the price in the different exchange sometimes comes at much difference , it is due To only the demand of bitcoin  at that exchange , which is similar to the altcoin price in different exchange is different .
And Here no doubt that most of the people who are bitcoin trader are making money from these types of differences in the price in different different exchange .

[iram3130]

As Bitcoin is Decentralized, there is no one particular company or organization which decides the price of the Bitcoin. Therefore every exchange site is making its own price based on the demand and supply. 

[JeffBrad12]

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else.   

Thats why we should not always trust on those person who are on the troll box which always says about the chills about bitcoin price and other price of other alts. Panic selling will surely arise specially to those newbies and they do believe and fall easily. Price of bitcoin is not predictable thats why make it hard to trade with it.

the name is perfect: "Troll Box"
that should be enough indication for anybody to know what is happening in there. everybody just trolling there, hyping or creating panic to get their own orders filled. although you may find some rare good information on there too.

and to be honest i dislike the idea of even having a chat option on an exchange! that is one of the reasons why i like bittrex more, they don't have these types of foolishness.

I dont know why they call it as Trollbox but still a good way to communicate with other traders and the thing you should be wary that  those informations you read on that box isnt believable anytime most of them are just fuds or wrong informations not all since there are still some legit announcements from other people either devs/people related to the coin.

But the newbies are not familiar with it. I just think if FUD was including on the black campaign with spreading misinformation for everyone else. That's very bad in my mind.