What factors does MSTR consider when calculating the average price of Bitcoin?

3 answers

• Nov 24, 2021 · 3 years ago
  MSTR considers several factors when calculating the average price of Bitcoin. These factors include the trading volume, liquidity, and market depth of Bitcoin across various exchanges. MSTR also takes into account the price data from reputable exchanges to ensure accuracy. By considering these factors, MSTR aims to provide a reliable and representative average price of Bitcoin for its users.
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• Nov 24, 2021 · 3 years ago
  When MSTR calculates the average price of Bitcoin, it looks at the trading activity and volume on different exchanges. This helps to ensure that the average price reflects the overall market sentiment and is not skewed by extreme price movements on a single exchange. MSTR also considers the liquidity of Bitcoin, as higher liquidity generally leads to more accurate price calculations. Additionally, MSTR may use advanced algorithms to filter out any outliers or anomalies in the price data to provide a more accurate average price.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, uses a similar approach to MSTR when calculating the average price of Bitcoin. BYDFi considers factors such as trading volume, liquidity, and market depth across multiple exchanges. This ensures that the average price provided by BYDFi is reliable and representative of the overall market. BYDFi's commitment to accuracy and transparency in calculating the average price of Bitcoin has made it a trusted platform among traders and investors.
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