Altcoins Talks - Cryptocurrency Forum

Archive => Sorting Box => Topic started by: bosshyip on July 14, 2018, 08:27:11 AM

Title: BTC exchcange rates
Post by: bosshyip on July 14, 2018, 08:27:11 AM

Hi guys I am a Sr Member here have several questions:

1] Who where and how is eXchange rate for Bitcoins set ( BTC/USD BTC/EUR BTC/silver BTC/gold). Is that created through mtgox.com website as a part of free market?
2] What happend if mtgox.com website dissapears - who will know what is actual exchange rate for Bitcoins. Who will replace that?
3] Where can I download actual bitcoin exchange rates?

Title: Re: BTC exchcange rates
Post by: sugarchrisp on July 14, 2018, 11:15:28 AM

Exchange rates for BTC or any pairs are usually determined by market demand.  There aren't any exchanges that I'm aware of that set specific prices for any tokens, and only Tether seems to be the one with a consistent price.