Spread Betting for Bitcoins

[The Koolio]

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

[eturnerx]

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

[codemojo]

So you are saying you would use such an app? I'm thinking of implementing it, want to help? http://spaculator.appspot.com/

[The Koolio]

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!

[bitoption]

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?

[bitoption]

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.

[bitoption]

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

[The Koolio]

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.

[bitoption]

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

[The Koolio]

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