I have been reading about Bitcoin for several months. Well, a little everyday or a couple of days. I'm still a newbie, but I liked something about Bitcoin: It's open, and it's not regulated.
Well, this has obvious downsides. But I'm more to ignore them and consider them usual noise that alter the signal quality. I checked over bitcoinica, and it was a great trading platform, so I decided to get started there.
But, there is a question which makes me wandering: Who is driving the market prices? Bitcoin is different that every trading platform is closed to itself and has its' own prices, orders, and users. But what I'm noticing is that the price adjusts for the different trading platforms.
Check out:
http://bitcoincharts.com/markets/The prices are not exactly the same, but they almost are. These are different trading platform; which have different volumes and users. There is certainly something pushing the market in a particular direction
Any ideas?