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Author Topic: BitStamp USD/BTC rate source?  (Read 559 times)
skywave
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February 08, 2014, 04:26:20 PM
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I think BitStamp has changed their USD/BTC exchange rate source.
Yesterday it was averaging 20 USD below the rate shown on coinmarketcap.com - but today it is 10-15 USD above that.
So buying e.g. 1 BTC from them today will be approx. 20-35 USD more expensive.

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Rannasha
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February 08, 2014, 04:36:18 PM
 #2

I think BitStamp has changed their USD/BTC exchange rate source.
Yesterday it was averaging 20 USD below the rate shown on coinmarketcap.com - but today it is 10-15 USD above that.
So buying e.g. 1 BTC from them today will be approx. 20-35 USD more expensive.

You got things the wrong way around. Coinmarketcap.com is not a price-authority, it just gathers data from other sites, in this case BitcoinAverage. Just as the name suggests, that site averages the Bitcoin price at several exchanges. Unfortunately, it also includes MtGox in this average, while the Gox price is little more than a random number these days.
alfabitcoin
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February 08, 2014, 04:43:05 PM
 #3

I think BitStamp has changed their USD/BTC exchange rate source.
Yesterday it was averaging 20 USD below the rate shown on coinmarketcap.com - but today it is 10-15 USD above that.
So buying e.g. 1 BTC from them today will be approx. 20-35 USD more expensive.
Bitstamp is exchange, price is depend on bid/ask not outside source.
skywave
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February 08, 2014, 04:49:03 PM
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I did not write in my post that BitStamp get their rate from coinmarketcap.
I wrote that todays bitstamp rate is 20-35 USd higher than yesterdays coinmarketcap - which I know because I have been buying.
e.g. yesterday I could buy 1 BTC @ 660 when coinmarketcap showed 680 - today if I buy 1 BTC at e.g. 700 the coinmarketcap shows 690.
They must have changed source because today their rates are consistently above the one from coinmarketcap - and that is the first time I have seen this over a long period of time.

Radix - Just Imagine  Financial Freedom   ...coming soon, to a network near you...!
skywave
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February 08, 2014, 04:50:47 PM
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Quote
Bitstamp is exchange, price is depend on bid/ask not outside source.
might be - I'll follow..

Radix - Just Imagine  Financial Freedom   ...coming soon, to a network near you...!
alfabitcoin
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February 08, 2014, 04:54:20 PM
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Use this, you will see that every exchange has itsown market price what change according to suply demand rule eg buyers and sellers set the current price.

http://bitcoincharts.com
skywave
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February 08, 2014, 04:55:26 PM
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Use this, you will see that every exchange has itsown market price what change according to suply demand rule eg buyers and sellers set the current price.

http://bitcoincharts.com

aha - ty..

Radix - Just Imagine  Financial Freedom   ...coming soon, to a network near you...!
skywave
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February 08, 2014, 05:33:08 PM
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@alfabitcoin
ty for that link - never saw that one - good site Smiley

Radix - Just Imagine  Financial Freedom   ...coming soon, to a network near you...!
alfabitcoin
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February 08, 2014, 05:38:58 PM
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@alfabitcoin
ty for that link - never saw that one - good site Smiley
Glad to help, trade safe and smart.
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