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Author Topic: bitcoinwatch.com has a new owner  (Read 2715 times)
tcatm
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March 27, 2011, 04:29:20 PM
 #1

http://bitcoinwatch.com has changed owners and is now part of http://bitcoincharts.com

New features:
* shows all markets bitcoincharts knows about
* show only markets with trades within the last 24h
* total economy size in EURO
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Cryptoman
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March 27, 2011, 04:46:16 PM
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I've noticed that from time to time the gold conversion value is incorrect.  This is one of those times.  It should be on the order of 4000 ounces of gold currently.

"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history." --Gandhi
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March 27, 2011, 04:57:22 PM
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Where do you get that 4000 oau figure from? Is there any bitcoin/gold market I don't know about?
jgarzik
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March 27, 2011, 05:01:35 PM
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I've noticed that from time to time the gold conversion value is incorrect.  This is one of those times.  It should be on the order of 4000 ounces of gold currently.

Quote from: tcatm
Where do you get that 4000 oau figure from? Is there any bitcoin/gold market I don't know about?

This might be a bitcoinwatch FAQ.  Many people often assume that the gold/BTC value is simply calculated from the BTC/USD price, after getting a spot gold quote from some third party financial website.

But bitcoinwatch tries to calculate directly from the most recent BTC/GAU trading prices, which can sometimes appear "outdated" versus current GAU/USD price due to slow BTC/GAU trading.


Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
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Cryptoman
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March 27, 2011, 05:09:15 PM
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This might be a bitcoinwatch FAQ.  Many people often assume that the gold/BTC value is simply calculated from the BTC/USD price, after getting a spot gold quote from some third party financial website.

I was converting from USD.  Where is Bitcoin actively traded for gold?  Must be very thin trading.

"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history." --Gandhi
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March 27, 2011, 05:17:45 PM
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Where is Bitcoin actively traded for gold?  Must be very thin trading.

Bitcoin Central and Bitcoin Market (v2).


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March 27, 2011, 08:35:22 PM
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This might be a bitcoinwatch FAQ.  Many people often assume that the gold/BTC value is simply calculated from the BTC/USD price, after getting a spot gold quote from some third party financial website.


The above method described by jgarzik would be the best way to show BTC/Gold in $. I don't know how difficult it is to pull Gold/USD prices from a third source, but definitely this would be very accurate.

This would also be a phenomenal measure of success for Bitcoins overall. Since its creation, BTC has outperformed Gold by galaxies.. We should track how this continues.

And then, if BTC/Gold continues to perform well, this could be used as a strong marketing sell to the public:

Bitcoins is Gold 2.0 - better, faster and much lighter.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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March 27, 2011, 11:11:14 PM
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...if BTC/Gold continues to perform well, this could be used as a strong marketing sell to the public:

Bitcoins is Gold 2.0 - better, faster and much lighter.


+1
tcatm
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April 01, 2011, 12:22:22 PM
 #9

There were some issues that prevented bitcoinwatch from updating today. This has been fixed.
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