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Friday, March 29, 2024

Comment by biodieselchris

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  1. biodieselchris

    Form yesterday's comments: jelutuck is right. Yobit is not an open market because they haven't synced the GRE wallet in over a year (I have no idea why). This means they are trading in a closed market where people are buying and selling only the coins already held on the exchange back and forth to each other (and apparently buyers don't know about the other exchange? weird). Coinexchange.io is the only open market and it shows a 1/2 satoshi bid/ask so that is the correct price. Coinmarketcap has a weighted algorithm that takes both exchanges and multiples the price by the the pro rata % of the 24-hour volume, so when coinexchange volume is light the incorrect price at yobit weights those big "gains" that get reported which you can see as spikes in the chart here.

    Latch / coinbase  – I've never had a problem with bank transfers going back to 2014. They have grown way too fast though so undoubtedly huge scaling issues are in play here. Their hiring page is longer than Ikea book shelf instructions.



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