Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[dre1982]

Preev.com says $244. Where is that price based on? I don't see it here in this topic.

[LMGTFY]

Preev.com says $244. Where is that price based on? I don't see it here in this topic.

Apparenty they use the average of four exchanges - including localbitcoins.com. If you click on the settings icon (the cog at the top right) you can select one exchange - localbitcoins is showing $360ish (ouch!)

I don't really understand why people include localbitcoins in things like this - it's not an exchange and it really confuses things.

[CEG5952]

I'm currently monitoring prices from ecoin.eu trading platform.

http://www.ecoin.eu/en/arbitrage/index

[dre1982]

Preev.com says $244. Where is that price based on? I don't see it here in this topic.

Apparenty they use the average of four exchanges - including localbitcoins.com. If you click on the settings icon (the cog at the top right) you can select one exchange - localbitcoins is showing $360ish (ouch!)

I don't really understand why people include localbitcoins in things like this - it's not an exchange and it really confuses things.

Ok thanks for the explanation. it is indeed weird that localbitcoins is included. I will check it out by default.

[HI-TEC99]

Preev.com says $244. Where is that price based on? I don't see it here in this topic.

Apparenty they use the average of four exchanges - including localbitcoins.com. If you click on the settings icon (the cog at the top right) you can select one exchange - localbitcoins is showing $360ish (ouch!)

I don't really understand why people include localbitcoins in things like this - it's not an exchange and it really confuses things.

What volume does localbitcoins have? I cannot believe its got more volume than BTCChina or Bitstamp. If they averaged the price based on both volume and price I suspect localbitcoins would barely make any difference to the average price between exchanges. There's no point using Preev.com to get a reliable average price until they change their averaging method. If they made that minor change they would get far more page views than they do now.
  

[LMGTFY]

What volume does localbitcoins have? I cannot believe its got more volume than BTCChina or Bitstamp. If they averaged the price based on both volume and price I suspect localbitcoins would barely make any difference to the averahe price between exchanges. There's no point using Preev.com to get a reliable average price until they change their averaging method. If they made that minor change they would get far more page views than they do now.
 

About a third of Bitstamp's volume: localbitcoins.com vs bitstamp.

IMO, it's not just the volume, it's also the OTC-nature of localbitcoins, and that there are two types of trade - online and face-to-face (with the latter having a much larger spread). Totally agree with you about averaging - if preev.com limited itself to exchanges, and took volume into account, it'd be useful.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Andre#]

What volume does localbitcoins have? I cannot believe its got more volume than BTCChina or Bitstamp. If they averaged the price based on both volume and price I suspect localbitcoins would barely make any difference to the averahe price between exchanges. There's no point using Preev.com to get a reliable average price until they change their averaging method. If they made that minor change they would get far more page views than they do now.
  

About a third of Bitstamp's volume: localbitcoins.com vs bitstamp.

From the charts you refer to:

Volume of Localbitcoins Bitstamp: 1.5 million BTC
Volume of Bitstamp Localbitcoins: 0.3 million BTC

I wouldn't call 0.3 a third of 1.5. It's a fifth.

[ChartBuddy]

Coin
Explanation

[gentlemand]

LBC is important but not very viable to set a price by. There's an awful lot of variables in play.

[LMGTFY]

About a third of Bitstamp's volume: localbitcoins.com vs bitstamp.

From the charts you refer to:

Volume of Localbitcoins: 1.5 million BTC
Volume of Bitstamp: 0.3 million BTC

I wouldn't call 0.3 a third of 1.5. It's a fifth.

You've got me! I wasn't paying too much attention and just gave the charts a cursory look. Either way, it's still more than I expected but much less than Stamp and Finex.

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

Face it, Gavin fucked up! He should have stayed in as benevolent dictator. Wladimir isn't a leader, he is a follower. Now he's trying to follow the crowd. And the crowd are looking for leadership. The ship is adrift.
.

It may be sacrilege to compare the two, but I cannot avoid thinking of that time when Apple fired Steve Jobs.

[BlindMayorBitcorn]

It looks like this forum is dead. Reddit is also dead. Where did everyone go?

To a place where you gormless Gavinistas are not welcome and cannot follow us...  

O hai again!

Big blocks and Tor

I think I first heard this objection to a larger maximum block size from Peter Todd, Chief Scientist of ViaCoin

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Wekkel]

Steady she goes 

[ChartBuddy]

Coin
Explanation