adamstgBit
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December 02, 2015, 06:54:21 AM

GBTC continues to rise.  $470 coin value.  Is this the true value without exchange manipulation?

quite possibly, and localbitcoins which represents "on the street" demand and supply.

These exchanges are cesspits of manipulations, games and big sloshy pots of FIAT, make-believe numbers. Gox MkIII

largely local bitcoins use exchange prices - but only have a broader spread because the person buying/selling is merely serving as an intermediary to the exchange that the person does not want to register any kind of account (or doesn't have time to)

take a dig into the localBTC trade numbers and you'll find a HUGE upside bias in the spread though

right local seller act as the intermediary and tag on a premium for there services, and some sellers premium is higher then others, no one is going to offer bitcoins at a discount. the price appears to swing wildly because a seller in a small town has less competition allowing him to have a higher premium. also mirco trades ( someone want to buy 10$ of bitcoin ) will have an unbelievable 3-8x price premium , that 10$ trade paints a nasty candle-wick

the only usfull pices of data you can get from localBTC charts is volume, and volume traded there isnt sagnifcent and not worth considering