|
Title: Bitcoin Stop Loss Orders WITHOUT Counter-Party Exchange Risk Post by: Sage on March 06, 2013, 11:16:49 AM I'd love to go to sleep at night knowing stop-loss orders are in place and will be executed while I sleep if necessary.
But... I hate the counter-party risk having large sums of Bitcoin held at an exchange out of my local wallets. Is anything like this possible...? A program that runs on your computer. If a certain price is hit, the program initiates a transfer of Bitcoins from local wallets into the exchange wallet, then the second they are verified initiates a sell order at the exchange? Anyone else interested in this? Title: Re: Bitcoin Stop Loss Orders WITHOUT Counter-Party Exchange Risk Post by: Stephen Gornick on March 06, 2013, 11:27:24 AM Is anything like this possible...? This works best when being developed by the exchange itself. There are none that have released this yet. Title: Re: Bitcoin Stop Loss Orders WITHOUT Counter-Party Exchange Risk Post by: DeanC on March 06, 2013, 11:44:40 AM I'm so interested that I would even pay a fee of 3% to have such a stop loss. :)
Title: Re: Bitcoin Stop Loss Orders WITHOUT Counter-Party Exchange Risk Post by: rpietila on March 06, 2013, 11:56:50 AM I would also like to see a stop-loss that will empty all my fiat accounts in the event of BTC price rising, and buy BTC with them. If enough people would join me, the dollar saga would be over.
Title: Re: Bitcoin Stop Loss Orders WITHOUT Counter-Party Exchange Risk Post by: DeanC on March 07, 2013, 10:28:12 PM No new ideas, anyone? :)
Title: Re: Bitcoin Stop Loss Orders WITHOUT Counter-Party Exchange Risk Post by: forbun on April 10, 2013, 05:01:42 AM This is a great idea but obviously it'll take a lot of work to implement well
Title: Re: Bitcoin Stop Loss Orders WITHOUT Counter-Party Exchange Risk Post by: jerkoff on April 10, 2013, 10:35:47 AM I can't think of any real world broker that lets you trade while you keep your money in your own account. It'd be like saying 'yeah i only deposited $100 but I have $10.000 that I'll transfer after I buy, lets go buy 5 E-mini's'. And then default when the trade goes south. It'd be like a subprime stated income mortgage, just invent your money instead of owning it. What happens when you default on the coins ?
|