I don't know if this a standard thing but when I sold my Bitcoin today on Coinbase the exchange rate was lower than what was being shown as the Bitcoin price on Coinbase at the exact same time. Is that a normal thing or what?
[uncensored-r/Bitcoin] GDAX: how can USD drop $100 but EUR only €2? How does Coinbase handle EUR/USD exchange rate?
The following post by JohnnyQuant is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/723dac The original post's content was as follows:
Correct me if I'm wrong, but doesn't more BitPay & Coinbase merchants accepting bitcoins create selling pressure and downward movement in the bitcoin exchange rate?
The theory here is that as more merchants are onboarded by bitcoin merchant processors like BitPay and Coinbase and these merchants are immediately converting bitcoins to cash... does this not increase the supply of bitcoins for sale and thus downward pressure on bitcoin exchange rates. Unless there are large market makers handling the liquidity, the effect of new merchants could translate into lower bitcoin prices in the short term even as this increases the long-term demand for bitcoins with a growing number of businesses and merchants accepting them. Thoughs?
03-10 05:12 - 'I sold 15.17 bitcoins at [SurBitcoin] and i received the [payout in usd.] / Current exchange rate at [SurBitcoin] - 1430 USD. / Current exchange rate at [Coinbase] - 1210 USD.' by /u/lexensi1 removed from /r/Bitcoin within 10-15min
''' I sold 15.17 bitcoins at [SurBitcoin]1 and i received the [payout in usd.]2 Current exchange rate at [SurBitcoin]1 - 1430 USD. Current exchange rate at [Coinbase]4 - 1210 USD. ''' Context Link Go1dfish undelete link unreddit undelete link Author: lexensi1 1: s**tc.in*o 2: ibb.c*/*Lf*BF 3: srbt*.*nf* 4: c*in*as*.com Unknown links are censored to prevent spreading illicit content.
03-03 02:13 - 'Well at least use that to make some profit. / - Buy at [Coinbase] (current exchange rate: $1270) / - Sell at [SurBitcoin] (current exchange rate: $1520)' by /u/jaskanh removed from /r/Bitcoin within 112-117min
''' Well at least use that to make some profit.
Buy at [Coinbase]1 (current exchange rate: $1270)
Sell at [SurBitcoin]2 (current exchange rate: $1520)
10-04 05:52 - 'We would highly recommend using Circle over Coinbase for a variety of reasons. The most important being that with Circle you have much better exchange rates from USD --[quote] Shameless affiliate Circle Link: [link]' by /u/HappyCamelWool removed from /r/Bitcoin within 366-371min
''' We would highly recommend using Circle over Coinbase for a variety of reasons. The most important being that with Circle you have much better exchange rates from USD BTC. Shameless affiliate Circle Link: [link]1 ''' Context Link Go1dfish undelete link unreddit undelete link Author: HappyCamelWool 1: *ww.ci**le.com/invite/*L*T** Unknown links are censored to prevent spreading illicit content.
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