Newbie question - Is Bitcoin traded 24X7 (on exchanges)

[hanman]

Is there a close price on the Bitcoin or it is just continuous traded and end of the day (GMT) becomes the close price. Thanks for any info.

[Kasandra]

there are multiple exchanges and all trading 24/7.

[reikokuko]

The close price depends on the time interval you are looking at.  If you are looking at a 15 minute chart, then the close prices is the price every 15 minutes.  Just like a real currency exchange (Forex market), bitcoin trades around the clock.

[DoubleMyCoins!]

There is no close price because most crypto-currency exchanges (and casinos!) never close

There is no need to close since everything is run by computer. Close prices are related to a time when trading was tied to the real world and human/broker operating hours.

[hanman]

It makes sense that there would not be a "end of day" close price for bitcoin.

Funny though, this site shows "Close price" for bitcoin without much specifics.

http://www.coindesk.com/price/

[homestereo]

I imagine that it is just trying to use some finance lingo, since the other view is OHLC (Open-high-close-low) which seems to be using some arbitrary unit to represent a day.