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Comment by shawabawa3 | Hacker News Reader

Can people please stop reporting MtGox prices? The real[1] price is closer to $950

  [1] The price on exchanges where you can actually withdraw USD, e.g. bitstamp

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I agree mtgox prices are borked, but historically mtgox prices were used as the "official" price, and I think this is going to continue well into the future. Since these price milestones are arbitrary anyway, does it really matter?

That, and MtGox is often a leading indicator for the other exchanges.

No, if that was true there would be an easy arbitrage that would cancel this effect.

Only if it was really easy to get USD out of gox. It isn't.

I'd say most people are quoting coinbase as the "official" price at this point.

You'd definitely be wrong about that.

Why is bitstamp the real price? They don't even support adding funds from US banks without wire transfer.

You can compare bitsmap with EUs market since that's what they seem to support better

MtGox has the longest price history, I think this is probably why it's often quoted.

http://www.cryptocoincharts.info/

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