Originally Posted by
Belly Buster
No, it's true value is the price at which a seller and buyer agree to trade.
I understand that, but why is the price inflated above everything else I see online regarding the value of BTC at the moment?
So take Gemini. There's a shitload of people on there with BTC to sell. None are willing to sell for less than $15.4k, even when the actual price is $15k.
Is there seriously no one who is happy to just get parity (or maybe parity + fees) when they sell?
I'm just surprised there aren't people selling for lower. It also probably doesn't help that Gemini just auto-sets the price at that level unless you manually change it, so some people probably aren't even aware they're selling for a premium.
So it looks like you will get a few % bump if you cash out of a gambling site in BTC, then send it to Gemini/Coinbase, then sell it, right?