Thank you for the kind words!  To set it up, follow the setup instructions after you're prompted to enter your Poloniex API key, transfer your balance to your lending wallet on Poloniex, then activate the bot.  One of the innovative things I'm trying to do here, is offer a financial service that has very minimal access to your capital...so if you follow the setup instructions correctly, the bot *only* has permission to lend your funds, it can't trade or withdraw them...hence the need for the secondary deposit address so you can add credits to your bot to use the service.  There has definitely been some confusion around this and I'm working on the UI to make things more clear.

There are currently no minimums.  There will eventually be a tiered pricing structure to create incentives to lend more.  It's still a paid service in beta, because one of the critical components that should be tested is whether users will pay to use the service.  That said, your bot can be activated without paying the fees...so you can try it out for free, and pay only if you like it and want to keep going.

Thank you for the feedback, and happy to answer any other questions!

I've been building a service that lets non-technical users deploy lending bots on Poloniex.  It's been live for about 1 month and has now generated over 75000 loans for its users.  Very much an open alpha / beta, and I'd appreciate any feedback!



https://www.poloniexlendingbot.com/

-Ben

Selling for BTC or ETH, or trade for the right casascius coin.  Must use escrow.  Please DM any offers.  Thank you!

Still looking to spend ~3.5 BTC on ETH.  Please PM!

Will accept combination of best price / community reputation.  Haven't been around bitcointalk much but can verify my identity on keybase, etc.  Look forward to hearing from you!

Wanted to share a real-time bitcoin charting site that I've been working on as a side project for the last year.

Coinsight.co tracks whether transactions are happening at the ask price (buys) or the bid price (sells) across the big exchanges. It aggregates the data by period and price, and paints a real-time picture of bitcoin market sentiment across all the exchanges. The sentiment data mapped on top of the price data can help traders and other participants understand if the momentum of a move is increasing or decreasing (momentum decreasing often precedes a reversal in price).

Would love to hear your feedback, and happy to answer any questions about how it works!

Yes, that's pretty close.  The squares and the period totals show net volume, so BTC volume traded at the 'ask' counts as +volume and the volume traded at the bid counts as -volume.


There are a number ways you can use this kind of chart to trade...

It's very effective at highlighting 'breakouts' (when the price breaks out of a trading range), and specifically helping to detect genuine breakouts vs. false breakouts.  When real breakouts occur, they are usually confirmed by big volume trading at the ask price.

You can also trade 'volume delta divergences', where if the price is trending upwards across periods, but the ask volume is trending downwards across the same periods, the move is weakening and it's time to get out (or short).  You can do this in reverse when the price is falling.


Rebates are negligible compared to moves in the price.  When the price is really moving, traders are going to be motivated by getting into the market as quickly as possible, and so they're going to cross the bid ask spread.  If you try to buy during a big bull move, it's very frustrating to sit on the bid price, because you will consistently be outbid.  Emotional traders will always buy at the ask / sell at the bid, which is what gives the data meaning.


It's not possible to 'predict' how the price will move, but it is possible to make a high probability bet that the price will continue to break-out, or reverse direction.  You just have to be right more often than you're wrong, or even better, be right as often as you're wrong, but make more money when you're right

Hey,

Thanks for the note!  Yes, it's node, socket.io and reactjs!  I built a proof of concept a long time ago with Rails / JQuery, but there is so much data to keep track of, everything turned into spaghetti very quickly.  This is a much more robust system for streaming real-time data.  It will be interesting to see how far we can push it.

Hi All,

Wanted to share and get feedback on an app that a friend and I have been building.  I mostly hang out in /r/bitcoin, so hope it's okay to share here (without being a long-time member of the community)!

The app is called Coinsight (Coinsight.co) and it uses exchange bid/ask data to help visualize sentiment in real-time.  It's something that I started building years ago for the traditional financial markets, and when Bitcoin came along, I thought it would be cool to re-purpose it.  It's a little challenging to wrap your head around at first, but once you get it, it's very useful for short-term trading.  There are a few patterns that I've been able to trade consistently using this method of reading the markets.

Here's a short blog post and video that explain how the chart works:  http://blog.coinsight.co/introducing-the-coinsight-chart/

Anyway, would love to have feedback from the community here.  If you have any ideas for features, or how to make this more useful, we'd love to hear from you.  I'm also happy to answer any questions you might have about reading the graphic or how to trade with it.

All the best,

Ben