Bitcoin Forum
June 17, 2024, 11:34:52 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Trade commodities, stocks and indices directly against Bitcoin  (Read 172 times)
2xHR (OP)
Jr. Member
*
Offline Offline

Activity: 73
Merit: 1


View Profile
August 26, 2019, 01:47:32 PM
 #1

Hello,

I'd like to know if as a BTC enthusiast, you'd like to trade those types of financial products with BTC pairs like GOLD/BTC, NIKKEI/BTC and so on.

If I ask you this, it's because I've developed a trading platform with this possibility, however I don't know if there is a real demand...
mk4
Legendary
*
Offline Offline

Activity: 2800
Merit: 3852


Paldo.io 🤖


View Profile
August 26, 2019, 02:21:15 PM
 #2

I'm pretty sure there's a demand for that, I'm just not sure how much. As far as I know, Abra had good feedback after they added the feature to trade stocks against bitcoin. I think your idea can be successful, it just depends on how successful will you be with marketing it.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
2xHR (OP)
Jr. Member
*
Offline Offline

Activity: 73
Merit: 1


View Profile
August 27, 2019, 07:53:57 AM
 #3

Thanks I didn't know about Abra, yeah marketing... a very complicated field  Sad
bitmover
Legendary
*
Online Online

Activity: 2338
Merit: 6011


bitcoindata.science


View Profile WWW
August 27, 2019, 09:12:08 AM
 #4

Hello,

I'd like to know if as a BTC enthusiast, you'd like to trade those types of financial products with BTC pairs like GOLD/BTC, NIKKEI/BTC and so on.

If I ask you this, it's because I've developed a trading platform with this possibility, however I don't know if there is a real demand...

I think the biggest problem will be legal, the trading platform doesn't look like to be the real issue .

You  will also need high volume against all pairs, which is unlikely to happen (unless if you own a coinbase binance or something like that).
Probably BTC/GLD (Gold ETF)  and some other indexes funds will have a high demand.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
Herbert2020
Legendary
*
Offline Offline

Activity: 1946
Merit: 1137


View Profile
August 27, 2019, 09:25:42 AM
 #5

I'd like to know if as a BTC enthusiast, you'd like to trade those types of financial products with BTC pairs like GOLD/BTC, NIKKEI/BTC and so on.

as a "bitcoin enthusiast" they all consider bitcoin to be a currency so yes, they will also want to treat it as a currency which means they will want to trade it with other commodities like GOLD,... just like they use any other currency like USD for that purpose.
whether they want to enter such markets and do trading is another question and has nothing to do with being a bitcoin enthusiast. you have to want to take that kind of risk and have the time to trade and most people don't.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
2xHR (OP)
Jr. Member
*
Offline Offline

Activity: 73
Merit: 1


View Profile
August 27, 2019, 11:31:32 AM
 #6

In fact I was thinking about derivatives trading not spot trading, so it's not for investment purposes
hugeblack
Legendary
*
Offline Offline

Activity: 2548
Merit: 3769


View Profile WWW
August 27, 2019, 02:30:17 PM
 #7

Without the legal and regulatory framework, it creates more risks that will not lead to system failure and prevent the flow of institutional funds.
The establishment of such a platform requires the safeguards of states or regulatory bodies to avoid manipulation.

The best solution is to create stable cryptocurrencies based on those assets. It's like USDT, but rather tying the value to the dollar, adopting the value of gold, silver, NIKKEI or some asset.

#newshitcoins
exstasie
Legendary
*
Offline Offline

Activity: 1806
Merit: 1521


View Profile
August 27, 2019, 09:37:51 PM
 #8

Hello,

I'd like to know if as a BTC enthusiast, you'd like to trade those types of financial products with BTC pairs like GOLD/BTC, NIKKEI/BTC and so on.

If I ask you this, it's because I've developed a trading platform with this possibility, however I don't know if there is a real demand...

I used to trade stocks/indices and commodity swaps collateralized with BTC on 1Broker. It was awesome. I really miss that site. I think you'll have more interest if you use BTC collateral (like Bitmex or 1Broker) and offer contract/CFD-based markets with USD base pairs. There are obviously legal risks to consider though.

BTC pairs would be a big psychological adjustment from what I'm used to, but if it means I can trade stocks and commodities with BTC (with a decent spread and interface!) then I'm interested.

SirLancelot
Hero Member
*****
Offline Offline

Activity: 2506
Merit: 582


View Profile
August 28, 2019, 03:35:03 PM
 #9

Not sure that this trading type is popular but we might have some few people, prior to when cryptocurrency trading was released and when people got used to it, many people were more used to forex trading and most of them shun crypto trading, and even when they eventually got into crypto, many wants to only deal with BTC/USD pair, but as we have  today, so many people prefers to even trade altcoins against BTC, and I am sure that if your platform is released, you will sure get some buddies that would be interested, although you really have to be patient to have the volume, you might not get much interest at the early stage, but for you are consistent and you continue to push, I am sure that you will gradually get volume on your platform.
mk4
Legendary
*
Offline Offline

Activity: 2800
Merit: 3852


Paldo.io 🤖


View Profile
August 28, 2019, 03:45:59 PM
 #10

Thanks I didn't know about Abra, yeah marketing... a very complicated field  Sad

I'd say that it won't be that "complicated" if you hire the right people/team for your marketing. The problem is more mainly on trying to pitch your ideas to convince investors to invest or fund your business(unless you're rich af to start with), because I think you're going to need a lot of money to start such a business.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!