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The price should be based on what people are able to _cash out_. Is this the case? Are people getting $1000 money in the hand for 1BTC or is it just the "valuat
by crististm 13y ago
The price should be based on what people are able to _cash out_. Is this the case? Are people getting $1000 money in the hand for 1BTC or is it just the "valuation" we're talking about here?
- samolang 13y agoRight now you can sell you bitcoins for $979.74 on coinbase (minus 1% commission + transaction fee). So pretty close to $1,000.
- crististm 13y agoWhat other markets are there besides coinbase? If the market is not liquid enough then the $1000 value is just smoke. I have a hard time believing that the price is not rising artificially because of low transaction count with the outside world (people holding to BTC instead of cashing them out).
- samolang 13y agoI think there are a bunch. Here is another one that I was looking at earlier today: https://btc-e.com/exchange/btc_usd https://btc-e.com/exchange/btc_usd