Silk Road forums

Discussion => Security => Topic started by: MarloStanfield on August 12, 2013, 01:34 am

Title: Why is bitcoin being undervalued at the moment?
Post by: MarloStanfield on August 12, 2013, 01:34 am
Gox Last price 104.64 Weighted Avg 104.35 but Sr is ฿1 = $101.34. Why?
Title: Re: Why is bitcoin being undervalued at the moment?
Post by: MarloStanfield on August 12, 2013, 01:56 am
I ask a question and get -1 karma??? hahah
Title: Re: Why is bitcoin being undervalued at the moment?
Post by: spectrum on August 12, 2013, 01:57 am
The price is $93 - $94 at Bitstamp, BTC-E, and CampBX. Doesn't SR use an average of these exchanges?
Title: Re: Why is bitcoin being undervalued at the moment?
Post by: SmokesHisBroccoli on August 12, 2013, 02:04 am
Yes I think that's what's going on.  It's now taking the average.  About an hour ago it seemed like it was tied directly to the mt. gox price of around $105 dollars.  So in an instant everyone just lost $4 worth of purchasing power for their bitcoins thanks to this unannounced change. 
Title: Re: Why is bitcoin being undervalued at the moment?
Post by: MarloStanfield on August 12, 2013, 02:13 am
I thought mt.gox...
Title: Re: Why is bitcoin being undervalued at the moment?
Post by: MarloStanfield on August 12, 2013, 02:19 am
Yes I think that's what's going on.  It's now taking the average.  About an hour ago it seemed like it was tied directly to the mt. gox price of around $105 dollars.  So in an instant everyone just lost $4 worth of purchasing power for their bitcoins thanks to this unannounced change. 

That is something worth updating. Maybe it would have caused a sell off if they alerted everyone...
Title: Re: Why is bitcoin being undervalued at the moment?
Post by: WhiteShark on August 12, 2013, 02:33 am
DPR stated when it was in effect. It takes 5 exchanges into consideration and each is weighed by the amount of volume of trades it holds in the market.
Title: Re: Why is bitcoin being undervalued at the moment?
Post by: MarloStanfield on August 12, 2013, 02:59 am
DPR stated when it was in effect. It takes 5 exchanges into consideration and each is weighed by the amount of volume of trades it holds in the market.


Guess i should get on the forums more...Thanks for the info