BitcoinAverage.com - bitcoin price index

[culexevilman]

Great site, I use it all the time now...

[crescendo]

Bitcoin.average is nice site and looks so user friendly site. I learn a lot of new things from this site.

[Diabolicus]

Great site, thanks!

My apologies if this has been asked before, but would it be possible to have just ONE price across ALL currencies?
I believe a certain Magic the Gathering Card Exchange refer to ECB exchange rates for their internal conversions, found here http://www.ecb.europa.eu/stats/exchange/eurofxref/html/index.en.html, maybe you could do something similar?

Example:
Market 1 - Volume 10000, Price 150, currency USD
Market 2 - Volume 2000, Price 105, currency EUR
Exchange rate: 1 EUR = 1.32 USD

Real price in USD = ( V1 * P1 + V2 * P2*1.32 ) / (V1+V2) = 148.1
Real price in EUR = ( V1 * P1 / 1.32 + V2 * P2 ) / (V1+V2) = 112.2

[imrer]

I looks useful but you should add some features to simplify that.

[BitcoinAverage]

I looks useful but you should add some features to simplify that.

Hi, thankyou for the feedback but could you explain a little further what you are referring to? What features would you like to see and what needs simplifying? Thanks!

[imrer]

I looks useful but you should add some features to simplify that.

Hi, thankyou for the feedback but could you explain a little further what you are referring to? What features would you like to see and what needs simplifying? Thanks!

For example you should change color of some number. If I visit you site, I don't know where to look first. What should I noticed first. Just bunch of number. Make there some key elements which attract visitors attention right after visiting site. Only then show them the rest.

[BitcoinAverage]

I looks useful but you should add some features to simplify that.

Hi, thankyou for the feedback but could you explain a little further what you are referring to? What features would you like to see and what needs simplifying? Thanks!

For example you should change color of some number. If I visit you site, I don't know where to look first. What should I noticed first. Just bunch of number. Make there some key elements which attract visitors attention right after visiting site. Only then show them the rest.

Hmm, I partly agree and partly confused by your answer.
The agree part - yes, we might make the currently selected currency stand out more than others, so it would be little more obvious.
The confusion part - I really don't know what else could be done to attract more attention, as the prices are just in the middle of the page, biggest font. And after all I don't know what currency user is looking for when he comes to the site, so I can't show something first and then the rest - I don't know what should be "first".

[saif313]

going to use this for near future thanks

[xraymikek]

Feature Request -

Allow me to choose which exchanges to include/exclude in the average.  Store this as a cookie so every time I return my preferences are remembered.

Thanks!

[BitcoinAverage]

Feature Request -

Allow me to choose which exchanges to include/exclude in the average.  Store this as a cookie so every time I return my preferences are remembered.

Thanks!

Hi

We've considered this as an option in the very beginning, but discarded as conceptually wrong approach. The purpose of BitcoinAverage.com is to give one well grounded average market price everybody can refer to. Excluding mtgox was a hard decision and we came to a compromise here to allow exclude only mtgox and nothing else.
If we would give an option to include/exclude any exchanges - there would be no single reliable price, but a mix of multiple irrelevant prices. So we would not implement such a feature, and would remove the "exclude mtgox" button as long as the mtgox situation will solve itself.

If you really need to exclude some exchanges and you have programming skills - you can easily do required calculations using our volumes API. All data you would need for that available at http://api.bitcoinaverage.com/exchanges/all.

Regards
Alex at BitcoinAverage

[Alpaca Bob]

Are you guys planning to include Kraken? (I have no idea how they are doing btw.; just wondering.)

[BitcoinAverage]

Are you guys planning to include Kraken? (I have no idea how they are doing btw.; just wondering.)

yeah, we are. I've just talked to them yesterday, basically their ticker API is broken at the moment, so we can't do anything, but I've submitted and issue and they replied promising to fix it ASAP. once they'll release a fix - we'll integrate it.

Alex at BitcoinAverage

[flagel8]

Feature Request -

Allow me to choose which exchanges to include/exclude in the average.  Store this as a cookie so every time I return my preferences are remembered.

Thanks!

Hi

We've considered this as an option in the very beginning, but discarded as conceptually wrong approach. The purpose of BitcoinAverage.com is to give one well grounded average market price everybody can refer to. Excluding mtgox was a hard decision and we came to a compromise here to allow exclude only mtgox and nothing else.
If we would give an option to include/exclude any exchanges - there would be no single reliable price, but a mix of multiple irrelevant prices. So we would not implement such a feature, and would remove the "exclude mtgox" button as long as the mtgox situation will solve itself.

If you really need to exclude some exchanges and you have programming skills - you can easily do required calculations using our volumes API. All data you would need for that available at http://api.bitcoinaverage.com/exchanges/all.

Regards
Alex at BitcoinAverage

Thanks for the site. How about an option to "De-Weight" MtGox? Maybe put in a slider control.  I know, so many requests!

[BitcoinAverage]

Thanks for the site. How about an option to "De-Weight" MtGox? Maybe put in a slider control.  I know, so many requests!

Right now there is a button on site to the right from USD price, labeled "Ignore MTGOx for USD/EUR/GBP". Push it - it shifts mtgox off the list for those currencies. There is an API with that data also at http://api.bitcoinaverage.com/no-mtgox/.

[BitcoinAverage]

24hour average has been added to the API for people who requested it as a less volatile figure to use.

[g2x3k]

nice site would be nice if had a total off everything calc everything into one currency/gold/valueable so could compare btcchine vs gox easier, and gox had all currencies traded in one

[Fugger]

Thank you for setting this up!

One thing could add value to this. If the data was downloadable as a simple CSV file this would lower the entry barrier for those who work with spreadsheets. Would be great if you made this available also for historical data (for instance since trading commenced on Mt.Gox).

What is represented by "Total market volume (24h)". Is this the volume for those exchanges which were included in the calculation? It would be of great help if the volume became part of the downloadable data.

[BitcoinAverage]

Thank you for setting this up!

One thing could add value to this. If the data was downloadable as a simple CSV file this would lower the entry barrier for those who work with spreadsheets. Would be great if you made this available also for historical data (for instance since trading commenced on Mt.Gox).

What is represented by "Total market volume (24h)". Is this the volume for those exchanges which were included in the calculation? It would be of great help if the volume became part of the downloadable data.

Hi

A valuable proposition indeed. In fact we do have historical data in .csv. For example here is all our historical data for USD:

• USD price, 24h sliding window, per minute,
• USD price, monthly sliding window, per hour
• USD price, all time history, daily averages
• USD exchange volumes, daily

Yet you are completely right - this data is buried deep inside the API and without certain development knowledge it would be not easy to find it.
We'll add direct links to this data soon, and you can use links I've provided above for now, these are live links with correct and up to date info. To access other currencies just change currency code in the URL from USD to whatever else available on site.

Keep in mind one thing - we've started logging data no so long ago, so there might be not much to analyse yet (we didn't dig into history before BitcoinAverage.com was live).

Regards
Alex at BitcoinAverage

[forevernoob]

Just FYI, Bitkonan has added an API to there site now.
https://bitkonan.com/api-info

[BitcoinAverage]

Just FYI, Bitkonan has added an API to there site now.
https://bitkonan.com/api-info

Hello,

Thanks for the comment, we are aware of their API, however they do not currently supply volume data. We have emailed them and are awaiting implementation.

Regards
Shaun at BitcoinAverage