coin base problem for us
Has anyone else noticed that coinbase has changed the way they show the prices? They used to always have the prices higher than coinmarketcap. So you would pay more for the coin. Now they are showing prices much lower than marketcap so now if you want you will sell it for lower than the market..
Coin market cap calculates its BTC price as an average of all BTC to USD and BTC to USDT pairings. Due to the recent collapse of Tethers (USDT) audit, a lot of people have lost confidence in the system and so Tether is actually trading at less than a dollar. This means that you have to spend more Tether to buy a Bitcoin
Coinbase calculates its price purely off its exchange GDAX. People have to spend REAL dollars on BTC and so people are prepared to sell their BTC for less REAL dollars than fake Tether dollars. I dont think there is anything malicious going on. Its just market forces
Anyway, stop worrying about the price and hold your BTC. When the price hits $1million you wont worry about this stuff!
Thanks friend information👍
The crypto community is one where there is a lot of vehement support for certain coins. Bitcoin, being the biggest and probably most popular, obviously has a large contingent of die hard fans who think it cannot be bested. However, that view must have taken something of a knock as Weiss Rating, a supposed independent securities rating agency, handed out its grades for a number of cryptocurrencies.
Bitcoin did not fare well, claiming an average grade, as did most cryptocurrencies. Surprisingly, coins such as EOS, Cardano, NEO and Ethereum received much higher grades than Bitcoin. It’s really strange how projects like Cardano, which essentially exist as only a whitepaper, can attain a higher grade than the oldest and biggest digital currency, Bitcoin.