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Is the volatility graph of Bitcoin in this article really representative? Some people have mentioned that in the huge price spike in April, there were not actu
by jdmitch 13y ago
Is the volatility graph of Bitcoin in this article really representative?
Some people have mentioned that in the huge price spike in April, there were not actually that many people buying, and then there is this article on Bitcoin spreads that calls into question whether Mt. Gox is the best measure:
http://www.forbes.com/sites/beltway/2013/09/03/how-bitcoin-spreads-violate-a-fundamental-economic-law/ http://www.forbes.com/sites/beltway/2013/09/03/how-bitcoin-s...
- aqme28 13y agoThe spreads are so weird because of the difficulties with fiat currencies. Mt. Gox allows you to deposit/withdraw BTC no problem, but it charges a notorious premium if you want to withdraw USD. As a result, the BTC-USD prices are elevated by the premium. Sites like Coinbase or Bitstamp that don't charge as much to deposit or withdraw will probably be a more accurate way to judge BTC-USD.