Real bitcoin market value after Mt. Gox

[bananas]

The current value on the exchanges may be considered the market value as it is being sustained for now, but it is not the real market value. It is fake, referenced by a Mt. Gox fiction.

Mt. Gox had most of the transactions, value was defined by supposed offer and demand over there.

However Mt. Gox was a fraud, a ponzi and due to the previous two characteristics: a fictional market.

We don't have any idea of the real market value.

[1715025894]

1715025894

[1715025894]

1715025894

[1715025894]

1715025894

[1715025894]

1715025894

[1715025894]

1715025894

[superduh]

yes we do - look at the price of exchanges where the real bitcoins are located

[dave3k]

How much are people willing to sell for vs how much people are willing to pay = market price.
If people are willing to buy and sell at this price then that is the value.

[bananas]

yes we do - look at the price of exchanges where the real bitcoins are located

Those prices are references to Mt. Gox,  whoever would trade out of Mt. Gox would take their value as a reference.

[lemipawa]

The current value may be considered the market value as it is being sustained for now, but it is not the real market value. It is fake, referenced by a Mt. Gox fiction.

Mt. Gox had most of the transactions, value was defined by supposed offer and demand over there.

However Mt. Gox was a fraud, a ponzi and due to the previous two characteristics: a fictional market.

We don't have any idea of the real market value.

The real market value is the the mix of bitstamp and btc-e now , people pay so thats the value .

[bananas]

How much are people willing to sell for vs how much people are willing to pay = market price.
If people are willing to buy and sell at this price then that is the value.

Yes, but while it is the market value it is based on a fiction, can't be considered the real price ( a price developed due to real market conditions ). There was huge fictional buying and selling according to Mark's interests. It is in no way the real price.

[mayne]

u wot mate?

[RhoDelta]

http://www.coindesk.com/price/
or
https://bitcoinaverage.com/#USD-nomillibit

[bananas]

yes we do - look at the price of exchanges where the real bitcoins are located

Those prices are references to Mt. Gox,  whopever would trade out of Mt. Gox would take their value as a reference.

What are you talking about? How are they "references to Mt. Gox"?

Gox is over. Kaput. Finito. It is now impossible to reference Gox in any way other than "the exchange that failed". There is no Gox exchange rate.

The market where people buy and sell bitcoins most certainly still exists. There are plenty of centralized exchanges still functioning as well as a few various other types of exchange (localbitcoins, OTR, FTF).

Gox is over, but the market continued from there. The reference values were already set, if i'm going to sell dollars out of Wallstreet i will not consider offer and demand where i'm going to sell it, i will ask for the Wallstreet price. Buyers will also consider fair the reference of Wallstreet. If Wallstreet was over today ou of nothing, one would still get their as a reference tomorrow.

[Skoupi]

How much are people willing to sell for vs how much people are willing to pay = market price.
If people are willing to buy and sell at this price then that is the value.

Yes, but while it is the market value  it is based on a fiction, can't be considered the real price.

What was the real price? Mt.Gox? And everything else is fiction?
Get yourself together mate.

[bananas]

How much are people willing to sell for vs how much people are willing to pay = market price.
If people are willing to buy and sell at this price then that is the value.

Yes, but while it is the market value  it is based on a fiction, can't be considered the real price.

What was the real price? Mt.Gox? And everything else is fiction?
Get yourself together mate.

No, Mt. Gox was a fiction. The others are based on a fiction. Get yourself english lessons.

[bananas]

yes we do - look at the price of exchanges where the real bitcoins are located

Those prices are references to Mt. Gox,  whopever would trade out of Mt. Gox would take their value as a reference.

What are you talking about? How are they "references to Mt. Gox"?

Gox is over. Kaput. Finito. It is now impossible to reference Gox in any way other than "the exchange that failed". There is no Gox exchange rate.

The market where people buy and sell bitcoins most certainly still exists. There are plenty of centralized exchanges still functioning as well as a few various other types of exchange (localbitcoins, OTR, FTF).

Gox is over, but the market continued from there. The reference values were already set, if i'm going to sell dollars out of Wallstreet i will not consider offer and demand where i'm going to sell it, i will ask for the wallstreet price, buyer will also consider fair the reference of Wallstreet. If Wallstreet was over today ou of nothing, one would still get their price as a reference tomorrow.

Gox's exchange rate has long been ignored because they haven't been a functional exchange for over half a year (I'm being generous here). Now their exchange rate is gone completely.

There is no "Gox reference value". Sorry.

The only value you can still get from Gox is learning an important lesson about the different between real bitcoins and Bitcoin IOUs.

According to you Gox rate has been ignored for half a year which sounds legit. But since 2009 market value was being artificially developed there. Don't you think it would take long to descontruct the fiction? I think so. It may never happen actually.

[Skoupi]

How much are people willing to sell for vs how much people are willing to pay = market price.
If people are willing to buy and sell at this price then that is the value.

Yes, but while it is the market value  it is based on a fiction, can't be considered the real price.

What was the real price? Mt.Gox? And everything else is fiction?
Get yourself together mate.

No, Mt. Gox was a fiction. The others are based on a fiction. Get yourself english lessons.

Just go to wikipedia and search for "exchange" and all your questions will be answered.
Unfortunatelly for me is not so easy to learn english 

[tins]

According to you Gox rate has been ginored for half a year which sounds legit. But since 2009 market value was being defined there. Don't you think it would take lonng to descontruct the fiction? I think so. It may never happen actually.

Yes, at one point Gox was the main Bitcoin exchange with most of the volume. That time is long gone.

There are many other places that you can buy or sell bitcoins and many people are doing this across many nations around the world every day. Suggesting that the exchange rate is still somehow based on a Gox fraud is ridiculous. There are many thousands of coins changing hands every day. Real coins being traded for real fiat (oxymoron there), real products, and real services. If the entire Bitcoin exchange rate was perpetuated by some Gox fraud, it would have ended the moment Gox closed shop. This market moves extremely fast, it would take hours to destroy the fiction.

Gox was an important part of the Bitcoin ecosystem. There is no denying that. Yet, they have been losing importance for a long time and now they are finished. The exchange rate may continue to fluctuate as this recent drama concludes, but every day it is going to have less impact on the market.

It had zero impact by the end (with the lone exception of the flash crash when they finally shut down for good).
Gox was showing btc/usd at $100 per bitcoin towards the end.
All the other exchanges had the real value (roughly $600 per btc).
Gox wax not a reflection of the true value in the end.
The market moved away from gox a long time ago.

I'm not sure why the OP doesn't comprehend.

[jl2012]

The current value on the exchanges may be considered the market value as it is being sustained for now, but it is not the real market value. It is fake, referenced by a Mt. Gox fiction.

Mt. Gox had most of the transactions, value was defined by supposed offer and demand over there.

However Mt. Gox was a fraud, a ponzi and due to the previous two characteristics: a fictional market.

We don't have any idea of the real market value.

You had your account in 2012 and obviously you are still thinking in a 2012-style. If gox has collapsed in 2012, then yes you may be correct. However, the trading volume of gox has became insignificant for several months. Major bitcoin payment processors like Bitpay took the price of bitstamp and btc-e as reference since last July.

[go4nature]

Now a days i am using http://preev.com/ to find the market value.

[leopard2]

Huh? 

There is a market price right now, that prices in all known facts and expectations to the future. That is 550ish. Without the Gox issue it would be 1000+

There was no huge drop today because the Gox bankruptcy was factored in, as well as all the other bad news.

Any stock price is determined just like that.

Now it will make a big difference if all these coins were stolen, or lost/destroyed. And whether the exchange ecosystem will become more reliable in the future.

[AndBerg]

Now a days i am using http://preev.com/ to find the market value.

Looks good.

[gog1]

come on, this is just some newbie making something up.

bitcoin is still running and exchanging into fiat currency by bitstamp, btc-e, and various markets.

[proudhon]

yes we do - look at the price of exchanges where the real bitcoins are located

Those prices are references to Mt. Gox,  whopever would trade out of Mt. Gox would take their value as a reference.

What are you talking about? How are they "references to Mt. Gox"?

Gox is over. Kaput. Finito. It is now impossible to reference Gox in any way other than "the exchange that failed". There is no Gox exchange rate.

The market where people buy and sell bitcoins most certainly still exists. There are plenty of centralized exchanges still functioning as well as a few various other types of exchange (localbitcoins, OTC, FTF).

Nobody in the financial industry dealing with bitcoin has been referencing MtGox for many, many months.  I've worked with SecondMarket, for example, and they have been adamant about avoiding Gox prices.