BitcoinAverage.com - bitcoin price index

[bernard75]

Bitcoin.de should be top priority, it hurts any of the currencies the most by far.

[bit4coin]

Hi Alex,

we've just based our "reference rate" for our gift voucher service https//bit4coin.net on BitcoinAverage.

First of all, thanks for your service! 

Naturally, we would also love to see the EUR price containing as many reliable sources as possible, so would be great if you find a way to integrate bitcoin.de.

Thanks again and keep up the great work!
Dolf for bit4coin

[BitcoinAverage]

For CampBX, can't you just hit http://campbx.com/api/xticker.php for the ticker price at least?  They don't give time or high/low, however...

Unfortunately not, they do not provide any volume data in their API! We have contacted every exchange where we relied on data from bitcoincharts, feel free to do the same and hopefully they will add the necessary data to their APIs.

Regards
Shaun at BitcoinAverage

[BitcoinAverage]

Bitcoin.de should be top priority, it hurts any of the currencies the most by far.

As stated in my last post we've tried to contact bitcoin.de many many times now, if there are any german speakers out there that feel they may have a better chance in pushing for an API please do email them.

Regards
Shaun at BitcoinAverage

[BitcoinAverage]

Update on yesterday's BitcoinCharts issue.

This seems to be a misunderstanding rather than a technical problem - I didn't know that bitcoin.de is a bazaar like localbitcoins.com and not a trading engine. Yes, for such exchanges we are using a 6 hours sliding window average price as last/ask/bid exactly because of the nature of these exchange and possibility of such wild price swings.
We have averaged data from localbitcoins via direct integration, but we don't have it for bitcoin.de. And BitcoinCharts doesn't provide this data either, so I'm looking into options to integrate with bitcoin.de directly.
All other minor exchanges that were removed earlier from bitcoincharts integration are added back now. As long as it's all are trading engines and not bazaars it should not cause problems.


Alex at BitcoinAverage.

[Mike Hearn]

Hi guys,

Love the site! Would you consider providing cross rates, or at least more currencies? Andreas Schildbach has switched his Android app from bitcoincharts to your site because yours is more reliable, but unfortunately now it means I cannot display prices in my local currency (CHF) anymore.

It's really disconcerting to have to pick a foreign currency to display prices for any Bitcoin wallet, so even if you just calculate cross-rates through the dollar or euro rather than calculating directly from an exchange, it'd still be good to have a much wider pick of currencies to choose from.

[Pokerfan]

Please quote prices in mBTC, not BTC. BTC is a thing of the past, we need to adopt mBTC. BitcoinAverage.com is very influential, please be the leader!

At the moment of writing:

Mtgox $1.092
Bitstamp $0.978
BTC-e $0.898

This should be by default, as bitcoin newbies would be unlikely to change the default.

[mmeijeri]

Maybe you could publish signed daily averages and notarise them on the blockchain with http://virtual-notary.org/, https://www.btproof.com/ and https://www.proofofexistence.com/?

[btcusr]

My favorite site.
Add itbit.com for SGD.

[BitcoinAverage]

Hi All

Shaun and I are both extremely busy with another bitcoin project of ours, preparing to BitcoinExpo in London tomorrow, but next week I'll reply to all posts/emails and will release several upcoming updates.

Alex at BitcoinAverage.

[Kupsi]

Thank you for a great service. I have one suggestion for you.

I'm Norwegian, and it should be possible to get the global average price in NOK in the HTML title instead of the Norwegian markets average price. The volume in Norway is so low, so the global average price makes much more sense. Is this possible?

[alexykot]

Thank you for a great service. I have one suggestion for you.

I'm Norwegian, and it should be possible to get the global average price in NOK in the HTML title instead of the Norwegian markets average price. The volume in Norway is so low, so the global average price makes much more sense. Is this possible?

Hi Kupsi

Hmm, I see what you mean. Probably it would make sense to show global price in page title for each currency, not only low volume ones like NOK.
Implemented, will release this week.

Regards
Alex at BitcoinAverage.

[alexykot]

My favorite site.
Add itbit.com for SGD.

I've added integration, but cannot release it right now - it's returning volume data for wrong time period (60 min instead of 24h as per documentation).
Queried their support on this, we'll see if they will fix it.

Alex at BitcoinAverage.

[alexykot]

Maybe you could publish signed daily averages and notarise them on the blockchain with http://virtual-notary.org/, https://www.btproof.com/ and https://www.proofofexistence.com/?

Hmm, interesting idea. Probably we could do that, yet I'm not sure if it's viable for us to pay 0.0001 (current tx fee) for each timestamp. Assuming we will do it once a day - in a year we will spend ฿0.365 on it, which becomes a noticeable amount. I think we'll wait until version 0.9 for it, when transaction prices will be able adjust to hugely increased exchange rates.

I've added a note at github on it, will get back to it later on.

Alex at BitcoinAverage.

[alexykot]

Please quote prices in mBTC, not BTC. BTC is a thing of the past, we need to adopt mBTC. BitcoinAverage.com is very influential, please be the leader!

At the moment of writing:

Mtgox $1.092
Bitstamp $0.978
BTC-e $0.898

This should be by default, as bitcoin newbies would be unlikely to change the default.

Don't think we are that influential yet the proposition is compelling. Hmm, not sure though, it's a rather controversial issue. I'll need to think a little more about this and possible side effects, I see reasons for both ฿ and m฿.
Are there any noticeable public discussions or polls on this matter I could review?

Alex at BitcoinAverage.

[devthedev]

Please quote prices in mBTC, not BTC. BTC is a thing of the past, we need to adopt mBTC. BitcoinAverage.com is very influential, please be the leader!

At the moment of writing:

Mtgox $1.092
Bitstamp $0.978
BTC-e $0.898

This should be by default, as bitcoin newbies would be unlikely to change the default.

Don't think we are that influential yet the proposition is compelling. Hmm, not sure though, it's a rather controversial issue. I'll need to think a little more about this and possible side effects, I see reasons for both ฿ and m฿.
Are there any noticeable public discussions or polls on this matter I could review?

Alex at BitcoinAverage.

I vote m฿! ฿ was the past. Soon it'll be hard to get satoshi!

[alexykot]

Hi guys,

Love the site! Would you consider providing cross rates, or at least more currencies? Andreas Schildbach has switched his Android app from bitcoincharts to your site because yours is more reliable, but unfortunately now it means I cannot display prices in my local currency (CHF) anymore.

It's really disconcerting to have to pick a foreign currency to display prices for any Bitcoin wallet, so even if you just calculate cross-rates through the dollar or euro rather than calculating directly from an exchange, it'd still be good to have a much wider pick of currencies to choose from.

Hi Mike

Hmm, right now we're presenting only currencies that have a direct exchanges available. But in fact MtGox provides CHF/BTC exchange, and localbitcoins also have some volume in it, so I think we can implement CHF directly, and also global average in CHF, which would be much more reliable to refer to.
I'll release it this week.

Hmm, probably we should redesign global average area and implement full range of possible world currencies for it, while keeping actual local averages only for currencies directly traded for BTC.

Alex at BitcoinAverage.

[BitcoinAverage]

Oh, just noticed that I was posting from my personal account, rather than website's one. Good though I'm signing all my posts.
All posts from user @alexykot are legitimate answers from BitcoinAverage, that's me.

Alex at BitcoinAverage.

[super3]

Please quote prices in mBTC, not BTC. BTC is a thing of the past, we need to adopt mBTC. BitcoinAverage.com is very influential, please be the leader!

At the moment of writing:

Mtgox $1.092
Bitstamp $0.978
BTC-e $0.898

This should be by default, as bitcoin newbies would be unlikely to change the default.

Don't think we are that influential yet the proposition is compelling. Hmm, not sure though, it's a rather controversial issue. I'll need to think a little more about this and possible side effects, I see reasons for both ฿ and m฿.
Are there any noticeable public discussions or polls on this matter I could review?

Alex at BitcoinAverage.

I vote m฿! ฿ was the past. Soon it'll be hard to get satoshi!

just make a toggle. best of both worlds.

[wmcleod]

BitCoin Average is fantastic and my #1 source for BTC price.  Thanks all involved!