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RE: Bitcoin (BTC) Mid-Day Update: Short Term Moves Are Nothing Compared to the Upcoming Long Term Trend

in #bitcoin7 years ago

I agree with you on this. Coinmarketcap.com is an aggregator. They take feeds from many different sources and average them together to get a more realistic snapshot of true market conditions. They use UTC 0 for the closing time each day. Pricing is all over the place depending on where one looks - which is why I like this approach to crypto pricing... Peace.

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I am using gmt.. in the currency market, most money is exchanged during the time the London market is open. It captures late Asia and early U.S. markets. A snapshot of the world. I Trade a lot depending on closes. I may not have the optimal time. I do not give anyone else that honor either. I am a watcher,, atm this is early in my schooling. Until I find better. I stick with gmt. For instance today, after closing under it. Bitcoin dropped further. That isn't conclusive on its own. Over time, its noteworthy.