Stock Exchange data manipulation

[timau]

The fiat currency has been manipulated. I think that stock exchanges are manipulating the value of btc. Btc has no intrinsic value. How do we know that the buy orders and volume are genuine consumers imputing value on btc not bots or fakes? We only see the front end not the back end they can easily change the value of all alt currency.

I am a cryptocurrency believer but it just sounds too shady if it isn't regulated.

[nahtnam]

I would like to know this as well. If one excahnge changes their price, wouldnt all others? Otherwise it would obviously look fake.

Here is what I see going on with coinbase:


There is a $20 difference.

[Ardenyham]

The fiat currency has been manipulated. I think that stock exchanges are manipulating the value of btc. Btc has no intrinsic value. How do we know that the buy orders and volume are genuine consumers imputing value on btc not bots or fakes? We only see the front end not the back end they can easily change the value of all alt currency.

I am a cryptocurrency believer but it just sounds too shady if it isn't regulated.

You can test it with buying or selling and make withdrawal.

[odolvlobo]

I would like to know this as well. If one excahnge changes their price, wouldnt all others? Otherwise it would obviously look fake.
Here is what I see going on with coinbase:

There is a $20 difference.

Exchanges don't set prices. The buyers and sellers set the prices.

The difference of $20 at Coinbase seems about right. Aren't you aware that Coinbase charges a 1% fee?

[nahtnam]

I would like to know this as well. If one excahnge changes their price, wouldnt all others? Otherwise it would obviously look fake.
Here is what I see going on with coinbase:

There is a $20 difference.

Exchanges don't set prices. The buyers and sellers set the prices.

The difference of $20 at Coinbase seems about right. Aren't you aware that Coinbase charges a 1% fee?

Yes, but I didnt really expect this kind of gap.

[DarkKnight]

Coinbase is limited by what they can sell or buy bitcoin for, and they only make money in the spread. They are a sort of closed exchange where you can't set your own prices. You can either accept their price and do the exchange at their current rate, or not. Also, with most paper currency exchanges, there is a similar gap between the value of buying and selling a given currency. Coinbase's price to sell bitcoin for USD is low IMO, however.