Post
Topic
Board Speculation
Re: touch down to 800$ is near
by
tee-rex
on 20/12/2016, 10:30:37 UTC
789 and 790 usd in Bitstamp and bitfinex respectively but the interesting point is the price in localbitcoin 849 usd in preev Shocked
Localbitcoins is always above the exchanges with price and it's logical. It requires people to meet in person and that takes more effort than a couple clicks and much more time.
If you want to know "standard" bitcoin price. Then you can't use:

1. Local exchanges - they sell more expensive BTC (due to limited volume and increased demand)  - just look at Indian and African exchanges.
2. P2P trading platforms - there is additional 'fee' when you want to buy bitcoin in a more anonymous fashion.
3. This tool is probably the best service where you can quickly estimate average price of BTC - http://preev.com/btc/usd

I prefer https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd

They average the prices at virtually all the exchanges, weighted by volume, excluding the volumes at zero-fee exchanges. They're also used as the base price by most BTC ATMs here in Toronto.
_____________

They're currently at $795USD having touched $797 earlier today.

Close, so close. Any day now.

Price seems to have been trading sideways for three days already. Bears are aggressively fighting with bulls, and the demand for bitcoins, which had been overwhelming the supply recently, looks like being balanced finally at sub-$800 levels. People are obviously now fixing profits. If the number of bears runs dry faster than the number of bulls we will break through the resistance at $800. Else we could crash down to $750 with a quick selloff commencing.