Bitcoin Forum
April 23, 2024, 11:48:14 AM
Welcome,
Guest
. Please
login
or
register
.
News
: Latest Bitcoin Core release:
27.0
[
Torrent
]
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Economy
>
Marketplace
>
Service Discussion
>
Local bitcoins prices
Pages: [
1
]
« previous topic
next topic »
Print
Author
Topic: Local bitcoins prices (Read 790 times)
RealT
(OP)
Newbie
Offline
Activity: 42
Merit: 0
Local bitcoins prices
November 05, 2013, 12:18:56 AM
#1
Who sets the price for localbitcoin.com? Are the prices connected to one of the main exchanges? I see a range of $25 on localbitcoins.com.
"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713872894
Hero Member
Offline
Posts: 1713872894
Ignore
1713872894
1713872894
#2
1713872894
Report to moderator
1713872894
Hero Member
Offline
Posts: 1713872894
Ignore
1713872894
1713872894
#2
1713872894
Report to moderator
1713872894
Hero Member
Offline
Posts: 1713872894
Ignore
1713872894
1713872894
#2
1713872894
Report to moderator
IsaacGoldbourne
Member
Offline
Activity: 112
Merit: 10
Looking to start various enterprises
Re: Local bitcoins prices
November 05, 2013, 12:27:07 AM
#2
Quote from: RealT on November 05, 2013, 12:18:56 AM
Who sets the price for localbitcoin.com? Are the prices connected to one of the main exchanges? I see a range of $25 on localbitcoins.com.
Its individual sellers who choose a percentage to sell at over/under a certain exchanges price.
I could go on there and say $1,000,000 per BTC
Vote for me for CEO/CNO of MemoryCoin!
CEO: MVTEceoa86dYRsxc2rWCexBMjJmaawMkHZ
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm
franky1
Legendary
Offline
Activity: 4200
Merit: 4435
Re: Local bitcoins prices
November 05, 2013, 12:30:29 AM
#3
local bitcoins price is set by the advertiser
EG if you want to sell YOUR bitcoins YOU put down a price advert YOU want to sell at
EG if you want to buy bitcoins YOU can put down a price advert YOU want to buy at.
leaving others to either list their prefered price adverts or just trade with you if your price looks good enough.
the real question is "what are the factors people base their prices on"
the answers are:
popularity: availability within the 10 mile range of them - if its very competitive you will see alot of people out bidding each other
eagerness: how eager or desperate someone is to sell or buy - if very eager to sell you would put a lower then competitor price, thus getting more sales.
most people use the averages of exchanges like MTGOX, BITSTAMP etc converted to local currency and then vary the price a little bit depending on popularity in their local area and their own personal eagerness.
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
Re: Local bitcoins prices
November 05, 2013, 12:59:06 AM
#4
Here's one of my pricing formulas:
Code:
max(max(max(mtgoxUSD,bitstampUSD), USD_24h),USD_24h+(1.5*(max(bitstampUSD,mtgoxUSD)-USD_24h)))*1.06
Derivation:
http://localbitcoins.blogspot.com/2013/06/this-is-first-in-series-of-posts.html
Shallow
Sr. Member
Offline
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
Re: Local bitcoins prices
November 05, 2013, 05:10:17 AM
#5
It's peer to peer and that's what is great about it.
████
██
██
██
██
██
██
██
██
██
██
██
████
...
The Open
..............
...
Lending Platform
...
████
████
████
████
████
████
████
████
████
████
████
████
████
▄▄█████████▄▄
▄█████████████████▄
▄██████████▀▀▀▀███████▄
█████████▀ ███████
████████▀ ▄█████████
█████████ ▄▀▀██████████
█████████ ▄▀ ▀█████████
██████████ ▄▀ █████████
█████████▀▀ ▄████████
███████ ▄█████████
▀███████▄▄▄▄██████████▀
▀█████████████████▀
▀▀█████████▀▀
.
SMARTFI.
.
████
████
████
████
████
████
████
████
████
████
████
████
████
...
Join the SmartFi
.....
...
Token Sale
...
████
██
██
██
██
██
██
██
██
██
██
██
████
████████████████████████████
████████████████████████████
████████████████████████████
█████████████████▀▀ ███████
█████████████▀▀ ███████
█████████▀▀ ▄▄ ███████
█████▀▀ ▄█▀▀ ████████
█████████ █▀ ████████
█████████ █ ▄███▄ ████████
██████████████████▄▄████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████▀▀▄██████▄▀▀████████
███████ ▀ ▀ ███████
██████ ██████
█████▌ ███ ███ ▐█████
█████▌ ▀▀▀ ▀▀▀ ▐█████
██████ ██████
███████▄ ▀██████▀ ▄███████
████████████████████████████
████████████████████████████
████████████████████████████
waqas
Sr. Member
Offline
Activity: 378
Merit: 250
Re: Local bitcoins prices
November 05, 2013, 10:34:24 AM
#6
no exchange working for this its p2p sells and sellers set prices by them
▓▓▓ BITMIXER.IO ▓▓▓
▓▓▓ High Volume Bitcoin MIXER ▓▓▓
Pages: [
1
]
Print
Bitcoin Forum
>
Economy
>
Marketplace
>
Service Discussion
>
Local bitcoins prices
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...