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Author Topic: According to CoinMarketCap 1 BTC = 0.99997455 BTC (Mod Please move to Off-Topic)  (Read 62 times)
KonstantinosM
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December 27, 2020, 03:06:38 PM
Last edit: December 28, 2020, 03:28:45 AM by KonstantinosM
 #1

$27,370.51 USD (9.84%)
0.99997455 BTC (0.00%)

Kind of a weird bug. Can someone else here confirm this?

https://coinmarketcap.com/currencies/bitcoin/

Edit: It went back to 1.00000000 just minutes later. I did get a screenshot of the original.



screenshot: https://ibb.co/P4DvR3b

Edit2: I initially posted to Bitcoin Discussion on accident. This is pretty off-topic.
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December 27, 2020, 03:16:08 PM
 #2

I see 1btc here.

I assume they use an average to calculate both, maybe one average was out or not yet updated...

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December 27, 2020, 03:34:49 PM
 #3

coinmarketcap.com has always been a terrible website with a lot of issues. it is also not a bitcoin price reporting site but instead an altcoin place that is why the price of bitcoin is being calculated in reverse as if it is one of the altcoins (from USD to BTC) and apparently something breaks in their code while they are doing that computation which is why instead of reporting price of 1 bitcoin they are reporting price of $27,370.51.

There is a FOMO brewing...
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December 27, 2020, 03:36:44 PM
 #4

It is fine now. I guess it is only a temp error on coinmarketcap but don't think of how this error occured. 1 BTC is 1 BTC and no need to make any conversion so it should be a fix line on coinmarketcap.

Error if occurs with BTC and $, I can understand as it needs conversion.

The error makes me notice another funny thing on coinmarketcap. Why do they need the percent of BTC to BTC. It is not necessary and they should not present this info after all. They maybe operate the same template for all cryptocurrency and did not give BTC an exception.

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December 28, 2020, 12:20:16 PM
 #5

It's obviously an error on their part. A little advice though - don't take everything in coinmarketcap seriously because they aren't 100% accurate. Always look at it with a grain of salt or you can compare it with other sites like coingecko or something.

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KonstantinosM
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December 28, 2020, 10:52:12 PM
 #6

It's obviously an error on their part. A little advice though - don't take everything in coinmarketcap seriously because they aren't 100% accurate. Always look at it with a grain of salt or you can compare it with other sites like coingecko or something.

Well, I took it seriously and immediately sold all of my Bitcoin for Bitcoin so I could arbitrage the Bitcoin to Bitcoin pair.

I now own all the Bitcoin.
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