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Author Topic: Mycelium Bitcoin price: 900 euro too high  (Read 116 times)
LoyceV (OP)
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January 03, 2021, 10:22:58 AM
 #1

I noticed Mycelium shows a much higher Bitcoin price in euro than it should. I use Bitstamp by default, but when I check other exchanges it's all around the same value. However, when I login to Kraken, it's about 900 euro less than what Mycelium shows.
I didn't notice this before, and I often use Mycelium as a quick price reference, so this is slightly annoying. I would expect Mycelium to get the price directly from the exchanges, so it shouldn't consistently be too high.



When I check https://bitcoinaverage.com/en/bitcoin-price/btc-to-eur it shows the same higher price, but on the right it shows a "EUR Index" which is much closer to the actual price.

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NeuroticFish
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January 03, 2021, 11:22:16 AM
 #2

Indeed, EUR price is higher than it should. Somehow it looks like Mycelium may get the price in USD and then do a bad conversion to EUR, since it shows similar bad EUR price everywhere.
I did use EUR price now and then, but I mostly use their USD price (for same quick reference) to stay in sync with ... basically everybody. And USD price looks unaffected by this bug.

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LoyceV (OP)
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January 06, 2021, 11:50:56 AM
 #3

The euro price on Mycelium is more in line with exchanges now, so I consider this solved.



I noticed another problem, but it's altcoin-related so not worth a new topic. I don't use Ethereum, but when I check it on Mycelium, it shows a Normal fee to confirm in ~2 minutes is 2719.5 μETH <0.01 EUR 129.50 Gwei/gas. I never understood (nor cared) about the Gwei/gas, but shouldn't 2719.5 μETH be around 2.54 EUR? Could it be Mycelium's fee estimate in euro/dollar is a factor 1000 too low for ETH?

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January 10, 2021, 09:20:07 AM
 #4

The euro price on Mycelium is more in line with exchanges now, so I consider this solved.
It's back: Mycelium shows 900 euro more than exchanges again.

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January 10, 2021, 02:56:03 PM
 #5

It's back: Mycelium shows 900 euro more than exchanges again.

Can it be that they use some (3rd party?) service for USD-EUR conversion and that service is "more expensive" during week-ends? (I know, it's assumptions over assumptions...)

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