BitcoinAverage.com - bitcoin price index

[BitcoinAverage]

We are looking for someone to help us with some small PR tasks, if thats of any interest to people following this thread please email us!

Also if anyone would like to contribute to the design/charts we would be interested in hearing from you

[1715267211]

1715267211

[1715267211]

1715267211

[1715267211]

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[BitcoinAverage]

Hi

Previous message was not specific enough.

BitcoinAverage is looking for a business cofounder, able and willing to take us to the top. We're ready to share equal part of the company and discuss business models.
Contact us here or at bitcoinaverage@gmail.com

Regards
Alex at BitcoinAverage.

[g3raint]

Great,  something from the community rather than taking advantage of the community,  keep up the good work

[SpeculateThis]

Great,  something from the community rather than taking advantage of the community,  keep up the good work

+1

[99Percent]

Can you tell us how you calculate the exchange rates for non major currencies like MXN (Mexican Pesos)?

[Newar]

Can you tell us how you calculate the exchange rates for non major currencies like MXN (Mexican Pesos)?

On the right hand side of of the main currencies, click "more currencies" and take your pick. Or take this shortcut: https://bitcoinaverage.com/#MXN 

[99Percent]

Can you tell us how you calculate the exchange rates for non major currencies like MXN (Mexican Pesos)?

On the right hand side of of the main currencies, click "more currencies" and take your pick. Or take this shortcut: https://bitcoinaverage.com/#MXN 

Yes I know that non major currency rates are calculated. I want to know *how* they calculated. Where does BitcoinAverage.com gets the conversion rates?

[Newar]

Can you tell us how you calculate the exchange rates for non major currencies like MXN (Mexican Pesos)?

On the right hand side of of the main currencies, click "more currencies" and take your pick. Or take this shortcut: https://bitcoinaverage.com/#MXN 

Yes I know that non major currency rates are calculated. I want to know *how* they calculated. Where does BitcoinAverage.com gets the conversion rates?

I see.

https://bitcoinaverage.com/explain.htm

[...] Global average is calculated using fiat exchange rates, so it can be shown in nearly any fiat currency. To calculate global average we choose a target currency (USD as example).
Then we convert each market's weighted average into target currency using fiat exchange rates provided by openexchangerates.org. [...]

[99Percent]

Thank you but that doesnt answer my question:

Where does BitcoinAverage get their rates. Specifically how do they convert from USD to MXN (Mexican Pesos). Note that there are not any exchanges operating in MXN.

Can you tell us how you calculate the exchange rates for non major currencies like MXN (Mexican Pesos)?

On the right hand side of of the main currencies, click "more currencies" and take your pick. Or take this shortcut: https://bitcoinaverage.com/#MXN  

Yes I know that non major currency rates are calculated. I want to know *how* they calculated. Where does BitcoinAverage.com gets the conversion rates?

I see.

https://bitcoinaverage.com/explain.htm

[...] Global average is calculated using fiat exchange rates, so it can be shown in nearly any fiat currency. To calculate global average we choose a target currency (USD as example).
Then we convert each market's weighted average into target currency using fiat exchange rates provided by openexchangerates.org. [...]

[Smidge]

Hi,

Terrific service, use it all the time. You guys definitely need a smartphone app. A 1x1 Widget on the home screen that displays the current mBTC rate is easy to develop and would be awesome.

I did not read the whole thread and I'm sure this has been requested before, so pls consider it as +1. Cheers.

[Newar]

Hi,

Terrific service, use it all the time. You guys definitely need a smartphone app. A 1x1 Widget on the home screen that displays the current mBTC rate is easy to develop and would be awesome.

I did not read the whole thread and I'm sure this has been requested before, so pls consider it as +1. Cheers.

Bitcoinium was mentioned in the thread and it works well for me. 1x2 though.

https://play.google.com/store/apps/details?id=com.veken0m.cavirtex

QR code:
http://zxing.org/w/chart?cht=qr&chs=350x350&chld=L&choe=UTF-8&chl=https%3A%2F%2Fplay.google.com%2Fstore%2Fapps%2Fdetails%3Fid%3Dcom.veken0m.cavirtex

[xeverse]

Why huobi isn't there?

[Flobin]

Hi,

Terrific service, use it all the time. You guys definitely need a smartphone app. A 1x1 Widget on the home screen that displays the current mBTC rate is easy to develop and would be awesome.

I did not read the whole thread and I'm sure this has been requested before, so pls consider it as +1. Cheers.

https://play.google.com/store/apps/details?id=com.bstaruk.btcprice

[paul2000]

Bitcoinaverage is also great because it's the only online tool where
you can look at the whole price history of bitcoin in ONE chart (2010 - today)

But: I would love to see this in log scale! Is that possible?

https://bitcoinaverage.com/charts.htm#USD-averages-all

[BitcoinAverage]

Why huobi isn't there?

Huobi is currently ignored due to its extremely high trading volume (which has now been confirmed as being due to their 0% trading fees)

We are seeking a solution so that we can integrate exchanges of this nature without it significantly distorting the price. If anyone has ideas on this feel free to contact us

Regards
Shaun at BitcoinAverage

[BitcoinAverage]

Bitcoinaverage is also great because it's the only online tool where
you can look at the whole price history of bitcoin in ONE chart (2010 - today)

But: I would love to see this in log scale! Is that possible?

https://bitcoinaverage.com/charts.htm#USD-averages-all

Thanks for the suggestion, i'll add this to our list of improvements!

[slothbag]

Why huobi isn't there?

Huobi is currently ignored due to its extremely high trading volume (which has now been confirmed as being due to their 0% trading fees)

We are seeking a solution so that we can integrate exchanges of this nature without it significantly distorting the price. If anyone has ideas on this feel free to contact us

Regards
Shaun at BitcoinAverage

I consider any exchange with zero fees to be an unreliable price indicator.. Even those with volume brackets whereby high volume leads to zero fees.  Every trade should incur a fee, and to take it one step further I quite like that Ripple incurs a fee even just to place a bid and ask.. this keeps only serious traders on the books, stops wall manipulation to a degree.

[paul2000]

Bitcoinaverage is also great because it's the only online tool where
you can look at the whole price history of bitcoin in ONE chart (2010 - today)

But: I would love to see this in log scale! Is that possible?

https://bitcoinaverage.com/charts.htm#USD-averages-all

Thanks for the suggestion, i'll add this to our list of improvements!

Thanks for that!

I think it is extremely important to show new users the complete price history of Bitcoin.
And as I said, bitcoinaverage.com is the ONLY way to do that.
(besides using photoshop):

[jgbreezer]

I get a redirect-loop warning (in google chrome) on the charts page as of early this morning (just now, 27th) when clicking either "Charts" link or the small chart on the main page, when GBP selected and shown as the currency. Not used the site for several days but I normally use the charts.

[gagalady]

I used preev.com to check daily bitcoin price but It seems that this site has more useful tools so i marked It