HI-TEC99
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September 20, 2015, 11:44:58 AM
Last edit: September 20, 2015, 12:03:16 PM by HI-TEC99

Preev.com says $244. Where is that price based on? I don't see it here in this topic.

Apparenty they use the average of four exchanges - including localbitcoins.com. If you click on the settings icon (the cog at the top right) you can select one exchange - localbitcoins is showing $360ish (ouch!)

I don't really understand why people include localbitcoins in things like this - it's not an exchange and it really confuses things.

What volume does localbitcoins have? I cannot believe its got more volume than BTCChina or Bitstamp. If they averaged the price based on both volume and price I suspect localbitcoins would barely make any difference to the average price between exchanges. There's no point using Preev.com to get a reliable average price until they change their averaging method. If they made that minor change they would get far more page views than they do now.