Post
Topic
Board Service Discussion
Re: BitcoinAverage.com price is misleading
by
Barek
on 25/11/2013, 15:44:06 UTC
I see. At least that makes more sense.

Why would they put a global average for other currencies converted to USD? For example, that would make the average higher because China's Bitcoin price is higher than USA's.

If I'm buying something in America, I'm not buying it in China or with Yuan.

I suppose the only explanation would be that Bitcoin is a global currency and can't be separated from a single country?

You're not making much sense. It's ok, you missed the global average label.

http://en.wikipedia.org/wiki/International_use_of_the_US_dollar