Silk Road forums

Support => Technical support => Topic started by: Slayer9 on August 13, 2013, 05:34 am

Title: Why is Silk Roads BTC price lower than Mtgox ?
Post by: Slayer9 on August 13, 2013, 05:34 am
Why is Silk Roads BTC price lower than Mtgox low of the day ? SR is saying ฿1 = $102.79 and mtgox is Last price:$107.29499     Low:$103.50000   Weighted Avg:$106.24347 ??
Title: Re: Why is Silk Roads BTC price lower than Mtgox ?
Post by: cirrus on August 13, 2013, 10:45 am
It's based on a number of exchanges, and Mt Gox is usually the highest of them all.
Title: Re: Why is Silk Roads BTC price lower than Mtgox ?
Post by: AfternoonDelight on August 13, 2013, 12:40 pm
What he said.
People were pissed that MTGOX has been sucking balls, and asked that other exchanges be used.
Title: Re: Why is Silk Roads BTC price lower than Mtgox ?
Post by: samesamebutdifferent on August 15, 2013, 09:02 pm
DPR posted about this a while back, here is the link:

http://dkn255hz262ypmii.onion/index.php?topic=178647.0
Title: Re: Why is Silk Roads BTC price lower than Mtgox ?
Post by: Jack N Hoff on August 15, 2013, 09:06 pm
It is an average value from multiple exchanges.

No one buys on MtGox and no one can withdraw money from MtGox so no one can cash out on MtGox.  The only reason that the price is higher on MtGox is because no one can withdraw their cash from MtGox so they are forced to buy bitcoins from the website.