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Author Topic: 20,276,703 USD or 22,529,670 EUR  (Read 1191 times)
jtimon
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May 04, 2011, 10:01:09 AM
 #1

That can be found at bitcoinwatch.
I don't get it.
Google says 1 EUR = 1,4809 USD
Can anyone explain me this?

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
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bitdragon
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May 04, 2011, 10:18:19 AM
 #2

The rates seem wrong indeed.
USD / Ounce of Gold is way off as well-

commlinx
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May 04, 2011, 10:33:38 AM
 #3

That can be found at bitcoinwatch.
I don't get it.
Google says 1 EUR = 1,4809 USD
Can anyone explain me this?
I just had a look and it looks like it's based on the last Euro exchange at 3.7 on bitmarketEUR. It's technically the correct way to go about it, but of course you have to take it with a grain of salt considering total volume was 25 Euro for the past 24 hours on that market. Not sure where gold comes from, that one looks a bit odd.

FreeMoney
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May 04, 2011, 01:52:41 PM
 #4

That can be found at bitcoinwatch.
I don't get it.
Google says 1 EUR = 1,4809 USD
Can anyone explain me this?
I just had a look and it looks like it's based on the last Euro exchange at 3.7 on bitmarketEUR. It's technically the correct way to go about it, but of course you have to take it with a grain of salt considering total volume was 25 Euro for the past 24 hours on that market. Not sure where gold comes from, that one looks a bit odd.

The gold is probably from bitcoin market pecunix. If all the exchanges had lots of volume people would arbitrage and bring it close, but some have very few trades.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
jtimon
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May 04, 2011, 02:59:42 PM
 #5

Thank you, guys. It just didn't make any sense to me.

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
gigabytecoin
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May 04, 2011, 08:47:57 PM
 #6

That can be found at bitcoinwatch.
I don't get it.
Google says 1 EUR = 1,4809 USD
Can anyone explain me this?
I just had a look and it looks like it's based on the last Euro exchange at 3.7 on bitmarketEUR. It's technically the correct way to go about it, but of course you have to take it with a grain of salt considering total volume was 25 Euro for the past 24 hours on that market. Not sure where gold comes from, that one looks a bit odd.

The gold is probably from bitcoin market pecunix. If all the exchanges had lots of volume people would arbitrage and bring it close, but some have very few trades.

Exactly.

The markets are too stagnant right now to eat up these small differences.

Sooner or later somebody will write a bot that equalizes the markets and slowly extracts money from them at the same time. Don't worry!
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