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Topic: Spread Betting for Bitcoins (Read 2846 times)
The Koolio
(OP)
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Minds are like parachutes they work best when open
Spread Betting for Bitcoins
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
1. Litecoin 2. Bitcoin 3. Any of the Anon coins
eturnerx
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Re: Spread Betting for Bitcoins
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.
codemojo
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Re: Spread Betting for Bitcoins
June 02, 2011, 04:05:19 PM
#3
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
(OP)
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Minds are like parachutes they work best when open
Re: Spread Betting for Bitcoins
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!
1. Litecoin 2. Bitcoin 3. Any of the Anon coins
bitoption
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Re: Spread Betting for Bitcoins
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?
bitoption
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Re: Spread Betting for Bitcoins
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.
bitoption
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Re: Spread Betting for Bitcoins
June 03, 2011, 11:07:10 PM
#7
Update, it's launched, come check it out.
The Koolio
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Re: Spread Betting for Bitcoins
June 03, 2011, 11:19:30 PM
#8
Quote from: bitoption on June 03, 2011, 11:07:10 PM
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.
1. Litecoin 2. Bitcoin 3. Any of the Anon coins
bitoption
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Re: Spread Betting for Bitcoins
June 04, 2011, 12:07:48 AM
#9
So true, so necessary. /help has somewhat detailed information, but not a tutorial.
The Koolio
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Re: Spread Betting for Bitcoins
June 04, 2011, 12:18:12 AM
#10
Quote from: bitoption on June 04, 2011, 12:07:48 AM
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
1. Litecoin 2. Bitcoin 3. Any of the Anon coins
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