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Author Topic: The largest GBP/BTC exchange Intersango at highest price ever  (Read 1558 times)
matthewh3
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July 10, 2012, 08:53:56 AM
 #1

Over 90,000BTC traded in the last thirty days.



The growth to this spike is a lot more gradual than the January spike so maybe the bubble won't burst.  Where will it be in thirty days >£5 it's looking.  People reckon the block reward drop will send the price skywards and it's getting nearer and nearer.  Looks like it could easily be ~£7 by the new year.

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July 10, 2012, 08:56:37 AM
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Intersango GBP price always follows MtGox USD, as every other currency. In case of any difference, users will buy/sell to make it back to normal.

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July 10, 2012, 09:40:22 AM
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Intersango GBP price always follows MtGox USD, as every other currency. In case of any difference, users will buy/sell to make it back to normal.

No I don't think every other exchange follows MtGox USD any more.  I think MtGox USD is now following trends and not just setting them.  MtGox market share is down.  GBP market share of currency's is down even tho it's volume is up.

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July 10, 2012, 10:11:40 AM
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It's not even true this is the highest price ever. I bought 196 coins in January at an average of 5.0 GBP/BTC. And yes, I do think everyone keeps an eye on the "official price" and then buys or sells accordingly if there is any arbitrage opportunities.
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