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heptathorp | 6 years ago

It's based on what people are willing to buy or sell it at. Like anything else...

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CaptainZapp|6 years ago

Obviously, I'm not disagreeing per se.

What I'm arguing, though, is that the market making "algorithm" is highly intransparent.

heptathorp|6 years ago

The market making algorithm for Bitcoin is: the highest bid and the lowest ask.

mateuszf|6 years ago

You can just go to any online exchange and check the order books and history. How much more transparent can it be?