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Author Topic: Fair selling price?  (Read 553 times)
El Cabron
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November 16, 2011, 03:47:10 PM
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We have all wondered about what is a fair price to sell something in bitcoin. Recently I have used to formula 1x current, 3x daily weighted average by volume and 1x 7 day weighted average by volume.

Does this seem like the most fair way to find the current value of exchange? Can this be improved upon? If so why?

Thank you!

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BitcoinMint.US
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November 16, 2011, 03:57:21 PM
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I use the current highest bid, as something is only worth what you can sell it for.
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November 16, 2011, 04:02:55 PM
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I would typically go by the 24 weighted average because something is only worth what you can sell it for.

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