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 11:59 PM UTC of any given day.
Decentralized – there is no single point of failure.
Safe – Bitsquare never holds your funds.
Instantly accessible – no need for approval from a central
Private -no one except trading partners exchange personally
Open – every aspect of the project is transparent.
Easy – we take usability seriously.
The short answer is momentum.
Imagine for a second that you are a neutral observer and you see that the price of Bitcoin has been rising over the past few days. Even if you have no reason to think it will continue to rise over the long term, it makes sense for you to buy Bitcoins. After all, it's unlikely that the rise will end just as you buy, and if the ...
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 provided by a currency system is related to the willingness of its users to save using that currency.
Currencies have a strong network effect.
Most altcoins don't ...
BTX Trader will let you create stop-loss orders on top of your account on Bitstamp, BTC-E, Mt. Gox, BTC China and CampBX.
It's not same as an exchange-hosted stop-loss order but a close second.
Disclosure: I'm one of the founders of BTX Trader.
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 how many bitcoins are needed to purchase 1 LTC. At this price, 2 LTC would cost 0.05 BTC.
The opposite would be equivielnt to 1/x, using the example above the ...
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:
And why it is considered their "end of day" price here:
http://www.coindesk.com/winklevoss-exchange-gemini-bitcoin-auctions/ with a quote from one of their founders.
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 because of the latter's network effect.
In addition, being the oldest running crypto-currency and with the larger market cap means that it was consistently ...
I suspect it is much the same as with bubbles in other markets---but let me admit that I have little evidence for it. See the famous cartoon that is all over the net.
I think the fact that getting money on and off Bitcoin exchanges tends to be fairly slow might contribute to the bubbles we have seen. As some initial increase in the exchange rate happens to ...
Even commodities or stock with large trade volumes are still prone to price shocks. The Dow Jones Index for example, isn't a smooth line.
Often governments on the behalf of taxpayers in the wider economic environment will pump money into a crashing market to stabilise prices ("buyer of last resort"). Whether you believe this to be a good thing depends on ...
I like this question1 - we don't get many big picture questions.
How could Bitcoin change the world?
A mature digital cryptocurrency could reduce trade barriers and thus
increase the rate of productivity dispersion throughout society. As
money is a form of fungible authenticated information2,
non-proprietary digital money gets to take advantage of the
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.
Since Bitcoin exchanges are open 24/7, I would expect the opening price to refer to the price at midnight and the closing to refer to the priceat 23:59:59 in the ...
This is basically how every asset in Ripple works, other than XRP.
Ripple permits anyone to create an asset and back it in any way that they choose. Others can declare their willingness to accept specific assets in payment. And Ripple implements distributed order books, payment pathfinding, and atomic multi-asset transactions to implement transfers of value....
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 rather than the referendum vote itself.
The prediction market below and every fiat prediction market I saw before the referendum vote predicted the "stay" ...
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 therefore are not really comparable, and I sincerely doubt that the actual economic activity is so much bigger in China.
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 and Y, with both have an ask one 500 USD and a bid on 400 USD. Then person A bids a higher price, lets say 470 (instead of 400), on exchange X. Person B asks a ...
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 transaction (Tx) fees:
forgetting to pay change
forgetting to convert to Satoshis in your code
misplacing the decimal (perhaps due to rounding errors)
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 watched by more people than the others. It is also accepted by more merchants. This all adds credibility to the network's security, as well as the currency's ...
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 management to safely retain value.
Also consider that from an investment perspective, bitcoin has more in common with ethereum and dash than ethereum and dash ...
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) behaves exactly as you describe in your question.
On the other hand, the price in BTC (orange) does not behave like you expected, because it combines the ...
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 tempted to cash it out but feel this is illegal and the goverment is going to be on me.
It's not illegal to sell or buy bitcoins in most countries, see: https://...
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, except through things like burning coins (see this answer of mine for more information). The exchange rate of course goes up and down all the time.
Market cap ...
I'm pretty sure you'll never get an accurate number. I'm not even clear what you mean by transferred into the bitcoin economy.
If I bought $100 worth of bitcoins 3 years ago, do we count that as $100 or the value of the BTC now?
If I buy a bitcoin for $100 cash (using localbitcoins), send it to my friend (who immediately converts it to $100 USD), how do we ...
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 calculate things wrong. The blockchain won't accept your transaction if you're spending more than the inputs, but will happily accept transactions if you're ...
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 chains competing for length. The outcome requires 100% "rational actors" trying to mine the block height n and the ability of the nodes to detect the errantly/...
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 others and exchanges to get the best price..
Bitcoin is not physical it is an encrypted ledger that derives it's price in the power to maintain the encryption(...
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 use to pay for your coins you want to purchase, like ethereum, litecoin, dodge, ect. ect. etc.?
You will have to use bitcoins as your currency to buy the other ...