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16 votes
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Bitcoin market hours (open/close prices)

In 24 hour markets High and Low usually mean "highest/lowest price in last 24 hours". Open generally refers to the price at 12:01 AM UTC of any given day and close generally refers to the price at ...
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  • 6,189
12 votes

P2P MultiCoin markets

Yes! Bitsquare.io is: Decentralized – there is no single point of failure. Safe – Bitsquare never holds your funds. Instantly accessible – no need for approval from a central authority. Private -no ...
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  • 221
9 votes

Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?

I find this article convincing in its analysis of the dynamics between Bitcoin and competing networks: The Coming Demise of the Altcoins To summarize briefly, the author suggests: The utility ...
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  • 63.5k
5 votes

Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?

Bitcoin was the first, the most well known and thus has the most network effect. The network effect is extremely important and there are examples were better technologies lost to the competition ...
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  • 2,204
5 votes
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What is the difference between BTC/LTC & LTC/BTC markets?

LTC/BTC and BTC/LTC are both ratios of purchasing one currency with another. For example, with LTC/BTC, the price quoted is for 1 LTC (overlying) in BTC (underlying). If the price is 0.025, that is ...
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  • 1,679
5 votes

Bitcoin market hours (open/close prices)

For the Gemini exchange the closing price is at the time of their daily auction at 4pm ET. You can read more about the auction here: https://gemini.com/marketplace/ And why it is considered their "...
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4 votes

Bitcoin market hours (open/close prices)

Traditional markets are not open for trade all day, so the opening and closing price refer to the first and last price of the day. They are used as measurements for the trading activity of a day. ...
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4 votes
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Were there any Bitcoin based prediction markets for the Brexit referendum?

There is at least one market I am aware of that covered the event although the contract language seemed to focus on the UK actually leaving the EU (which does not happen immediately) by a certain date ...
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4 votes

China is 98% of the bitcoin market?

Chinese Bitcoin exchanges don't take a fee per trade and some actually reduce the withdrawal fee if more trades were made. Outside of China, exchanges usually take a fee on each trade. The volumes ...
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3 votes
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How can a X-coin market cap go down while its value goes up?

As Nate Eldredge pointed out, the chart you're looking at is denominated in BTC, while the market cap is denominated in USD. If you look at the chart below, you'll see that the price in USD (green) ...
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  • 63.5k
3 votes

Can I sell Bitcoin bought in 2014?

10 bitcoins are worth $60,000 dollars. How can this be? Indeed, the price has skyrocketed recently, each bitcoin is worth around $6092.00 USD as of writing this answer, it's not a glitch. I am ...
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  • 11.3k
3 votes

Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?

The space is so broad that your question can't really be answered easily. In general, altcoins are far more risky but offer more potential reward. In general, altcoin portfolios will require far more ...
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3 votes

Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?

Due to the network effect, the Bitcoin network has the most hashing power behind it, as well as the most investment in it. It had been vetted more than any other cryptocurrency, and the network is ...
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  • 8,724
3 votes

What's the safest way to buy bitcoins in India?

There are several legit companies where you can buy and sell Bitcoin officially in India such as Zebpay, Unocoin, Coinsecure,and Btcxindia. I have personally used Unocoin and Zebpay, both are good.
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3 votes
Accepted

How efficient are bitcoin markets?

First, to clear things up, it isn't up to the exchange to quote a certain price/rate. It's all up to the users of that exchange what they ask/bid for a bitcoin. For example there are two exchanges, X ...
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  • 1,418
3 votes
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Are the huge transaction fees mostly mistakes or some other market indicator?

As mentioned, raw transactions are incredibly easy to screw up since you must explicitly pay yourself if you want change. Here's a few scenarios besides unbalanced outputs which will produce huge ...
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3 votes

How does market cap of currency decrease?

The market cap is the product of the total currency supply and its instant exchange rate. If either the exchange or supply goes down, the market cap does too. The supply generally doesn't decrease, ...
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2 votes

Are the huge transaction fees mostly mistakes or some other market indicator?

Speaking as a programmer, it's VERY easy to screw up the transaction fee. If you're not using a known bitcoin client and are making your own, it's quite easy to accidentally leave out an output or ...
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  • 7,629
2 votes

In India how does one accept or give Bitcoin? Do we also get a physical coin for a Bitcoin?

I would go to localbitcoins.com open an account and find a trusted seller with a reputation of 100% and 100plus customers to buy them from a local agent. Be smart about the price of the agent vrs ...
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  • 21
2 votes

Are the huge transaction fees mostly mistakes or some other market indicator?

It would seem using a large Tx fee is an attack vector in that miners will all realign to try and solve the block at height n, which is quite different to the normal situation where it's usually two ...
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2 votes

Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?

The reason bitcoins is the best is this, how many places can you go to and trade coins on the market, like buying and selling like at Bitrex for example? If you go to these sites what do you have to ...
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2 votes
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What information is available in the blockchain

This information does not exist on the blockchain. It is gathered from exchanges. The blockchain has no idea what fiat is nor does it care. The only information that exists on the blockchain that ...
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  • 61.4k
2 votes

Would free energy cause a market collapse?

Although this question might be "too broad" or "off-topic", I'll give you an answer and it's no. By removing the cost of electricity, hardware expenditure becomes the ceiling for hashrates. Surely ...
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  • 5,223
2 votes
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What is the method to determine the total market capitalization of the Bitcoin market?

"Bitcoin market cap(in AUD)" = "Number of bitcoins in circulation" X "Value of single bitcoin(in AUD)" The same as a market cap of some company: "number of their shares" X "value of single share"....
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  • 1,182
2 votes

How does an exchange cover a "run on the bank"?

An exchange isn't a bank, and, in theory, isn't subject to a "run". Banks are typically "fractional reserve" institutions. The money deposited by the customers doesn't all reside within the bank; ...
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2 votes
Accepted

When (or) do ICO tokens go to an exchange?

It is not possible to know such things unless an exchange announces that they will be listing an ICO or if the ICO creator announces that an exchange will be listing an ICO. An ICO being listed is not ...
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  • 61.4k
2 votes

Calculate Coin Supply at any given time

Yes. Thats possible. I wrote a python program that returns the supply at a given block (works with future supply, too): #!/usr/bin/env python # -*- coding: utf8 -*- def btcSupplyAtBlock(b): reward ...
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  • 2,047
2 votes

How much does the market cap increase when a certain amount of $'s go in the market?

Given that the Bitcoin market is pretty unstable + unregulated I don't think it is possible to predict the outcome of this. Have a look at the paper Price Manipulation in the Bitcoin Ecosystem by ...
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1 vote

Would free energy cause a market collapse?

Even if energy becomes free, there are limited ASIC miner production hardware costs Especially, there is very little room for the supply to increase: More than 3/4 of all bitcoins have already been ...
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  • 63.5k

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