4 ms·
If the last traded price was 20k, then that's the price. If you have some btc and are looking to sell really quickly before it goes down, and I make a buy offer
by Wh1zz 9y ago
If the last traded price was 20k, then that's the price. If you have some btc and are looking to sell really quickly before it goes down, and I make a buy offer for 19k that you accept, then the last traded price is now 19k, and that's the new price. Nothing voodoo really, just a bunch of people making buy/sell decisions based on how they think the value will move.
- 24gttghh 9y agoI guess the voodoo i feel is the speed at which these happen, and the unseen offers for prices different (+/-) from what is the "current price"
- fragmede 9y agoYou can see the ones happening on GDAX on their main page, https://www.gdax.com/trade/BTC-USD https://www.gdax.com/trade/BTC-USD If it seems ridiculous to look at this single exchange's order book and extrapolate a whole market from that, yes, it is.