On the bright side, buy orders have gone from 19 to 31 since last night and since whomever dumped filled a lot of existing buy orders, there's hopefully more coin holders now.

At any rate, this happens and is part of the volatility of the crypto-currency world.

As for Mr. B's question on the formula we're using to determine coin value in relation to dollars:

**Simplified Formula:**1 USD / BTQ to BTC price at c-cex / BTC to USD price average

1 / 0.00000031 / 482.91

Since there are no official sources I know of as yet to directly trade bitquark into dollars we're tying it to USD through BTC.

We're taking the BTC to USD value from 4 exchanges and averaging it and averaging the bitquark value from 2 exchanges to get the USD value of bitquark.

Example:

Blockchain.info says BTC is worth - $481.88 USD

CoinDesk says BTC is worth - $483.65 USD

BitStamp says BTC is worth - $480.72 USD

BTER says BTC is worth - $484.98 USD

So the BTC average price is $482.81 USD

The current BTQ price on comkort is .00007 BTC

The current BTQ price on c-cex is .00000031 BTC

So the BTQ average price is 0.000035155

At the current prices listed above, you could buy 1 BTC with 28445 BTQ and since 1 BTC is worth $482.81 that translates to 58.92 BTQ = $1 USD

However, most of the time comkort doesn't factor into the average. If any exchange hasn't had trade volume of the coin in 24 hours it's not factored in. So since c-cex is the only part of the BTQ to BTC average accepted:

1 BTC = 3225806 and since 1 BTC is worth $482.91 that translates to 6681.32 BTQ = $1 USD

All the math functions are set for 8 decimal places, and since I think blockchain and coindesk use multiple sources to compile their prices there could be a little bit of an issue there, but that's where we're at for now.

At the moment, BTQ price is tied directly to BTC prices (as is with most coins) so limited trade volume of BTQ combined with the existing volatility of BTC makes the BTQ price extremely volatile. Hopefully as the coin grows in popularity it can move away from being tied to BTC.

All our coin value coding allots for 10 exchanges to be included in the average. We're only using the 4 mentioned above for BTC and the 2 mentioned above for BTQ (remember, most of the time comkort isn't included since there's little active trading going on there.) As we develop further we'd like to publish a wordpress plugin and an api to serve prices, but we're not an official authority for bitquark or any of the other coins, just a fan.

If anyone sees any issues with the way we're calculating USD value or has better suggestions, please let us know.

http://btq.cryptofleamarket.com/wp-content/uploads/2014/09/the-crypto-fleamarket-team.png