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Author Topic: Spread Betting for Bitcoins  (Read 2614 times)
The Koolio
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June 02, 2011, 03:56:41 PM
 #1

Is it possible for someone to develop a platform where you cn spread bet the price of coins going up or down on a daily or even hourly basis? Obviously the developer would need some csh in place to hedge the bets but im suprised this hasnt been developed yet

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eturnerx
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June 02, 2011, 04:04:14 PM
 #2

There are exchanges around doing get/put options that'll accomplish the same if you don't mind a little maths.

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codemojo
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June 02, 2011, 04:05:19 PM
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So you are saying you would use such an app? I'm thinking of implementing it, want to help? http://spaculator.appspot.com/

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The Koolio
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June 02, 2011, 04:25:54 PM
 #4

you know what, ill give a btc donation as i do like the idea, ill do so some time this week as im trying to play the markets at the moment with what i have. One suggestion though is imroving your description site, few people would invest with little knowledge of whats going on. make the text and picture a bit visually better and im sure you'll get your 10BTC. remember though if this kicks off for you you'd be getting more than a BTC a day, tbh the worlds your oyster!

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bitoption
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June 03, 2011, 05:09:51 PM
 #5

Bitoption.org supports this right now, and we have an API.

Just looking for orders, it should be up and running with a web interface today? tomorrow?

----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

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bitoption
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June 03, 2011, 05:13:38 PM
 #6

Actually, not only do we have an API, we have a way for someone building a spread-betting website to make money, as they can add a convenience fee for people who use their spread-betting site and see it show up on their own account.

----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

-----------------------------------------------------------
bitoption
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June 03, 2011, 11:07:10 PM
 #7

Update, it's launched, come check it out.

----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

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The Koolio
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June 03, 2011, 11:19:30 PM
 #8

Update, it's launched, come check it out.

looks good, although i would recommend placing a more detailed help section for those who have no idea what things are.

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bitoption
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June 04, 2011, 12:07:48 AM
 #9

So true, so necessary. /help has somewhat detailed information, but not a tutorial.

----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

-----------------------------------------------------------
The Koolio
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June 04, 2011, 12:18:12 AM
 #10

So true, so necessary. /help has somewhat detailed information, but not a tutorial.


believe me once you have a good tutorial, and make it clear to newbies how they are going to make money then itll be a walk in the park for u to get people to use ur system

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