Ninjastic
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Topic
Board Bitcoin Discussion
Re: USD down again. BTC rock steady.
by
cypherdoc
on 22/07/2011, 15:08:30 UTC
Quote from: notme on July 22, 2011, 07:23:49 AM
Quote from: TraderTimm on July 22, 2011, 07:18:18 AM
Quote from: JeffK on July 22, 2011, 06:06:42 AM

The value of bitcoins are pegged against USD.

Therefore...

Sorry "L33T LIEK JEFFK", that is incorrect. There is no 'peg', only a floating exchange rate determined by the market.

Measured in USD

as well as in EUR, GBP, CAD, LRU, SLL, CNY, AUD, JPY