Winkdex...

[T.Stuart]

Check out this new price index from the Winklevoss twins:

http://winkdex.com

Quite neat-looking, if a bit sparse on tools.

Nice to see that Gox prices are out of the equation.

I don't know if it's intentional, but the "about" section is mildly amusing...

EDIT: read Gox prices are not included here: http://newsbtc.com/2014/02/19/winklevoss-twins-launch-winkdex-blended-bitcoin-price-index/

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Interesting....

Wonder if the community will except this new index as the "defacto" over other pricing sites.  Also curious why they felt the need to create a new pricing index.  

[T.Stuart]

Interesting....

Wonder if the community will except this new index as the "defacto" over other pricing sites.  Also curious why they felt the need to create a new pricing index.  

Don't know but I like that Gox prices are not factored in.

[Biodom]

Should have been Windex, but it is probably copyrighted, LOL
(Win-win)dex or (wink-wink) are 'solid' choices as well.
winkldex is still better than winkdex, but the winner should have been:

WINBIT

Any other suggestions?

Interesting....

Wonder if the community will except this new index as the "defacto" over other pricing sites.  Also curious why they felt the need to create a new pricing index.  

Reason-they don't want to pay inflated coinbase prices

[cbeast]

Interesting....

Wonder if the community will except this new index as the "defacto" over other pricing sites.  Also curious why they felt the need to create a new pricing index.  

Don't know but I like that Gox prices are not factored in.

So they say. But still their average is lower than BitcoinAverage. I wonder why they have to keep their formula a secret?

[windjc]

Interesting....

Wonder if the community will except this new index as the "defacto" over other pricing sites.  Also curious why they felt the need to create a new pricing index.  

I assume because their ETF will need a price index. Might as well create their own than trusting someone elses.

[JimboToronto]

I like that Gox prices are not factored in.

Absolutely. To include them would be a travesty.

As they describe it:

Winkdex is calculated by blending the trading prices in U.S. dollars for the top three (by volume) qualified Bitcoin Exchanges* during the previous two hour period using a volume-weighted exponential moving average.

* As of February 7, 2014, Mt.Gox placed a "pause on all BTC withdrawal requests” in addition to a continued "back-log of [USD] withdrawals”. As a result, it is no longer a qualified exchange for the Winkdex calculation.

I'm not the biggest Winklevoss fan but they seem to have gotten this one right.

[dave111223]

http://winkdex.com/#/about

lol    There is only one word different in their profiles...their first name...why would they even put that on there like that, isn't it embarrassing?

[JimboToronto]

http://winkdex.com/#/about

lol    There is only one word different in their profiles...their first name...why would they even put that on there like that, isn't it embarrassing?

They're probably proud of it.   

[BitChick]

Not a bad day to come out with it.  We are pretty undervalued with the Gox issues I believe.  It might spur some interest if people look at it in a day or two and see the price increase by $100 or more.     I know I am bullish here but it could happen.  Anything can happen with Bitcoin I believe.

[HairyMaclairy]

Looks like they split the difference between Bitstamp and BtC E.  

Glad they patented that.  


*On a serious note this is the right decision.  The media needs to be weaned off quoting Gox and this is how to achieve it.

** the index has a hidden weakness in not referencing Huobi or OkCoin.

[JimboToronto]

the index has a hidden weakness in not referencing Huobi or OkCoin.

Winkdex is calculated by blending the trading prices in U.S. dollars for the top three (by volume) qualified Bitcoin Exchanges during the previous two hour period using a volume-weighted exponential moving average.

I think they mean the top three (by volume) qualified Bitcoin Exchanges using USD. Isn't Huobi JPN only?

At least they are using a volume-weighted exponential moving average.

[goxed]

Can someone explain in simple terms how Winkdex works and how is this price quoted?

[dave111223]

Can someone explain in simple terms how Winkdex works and how is this price quoted?

(Bitstamp + BTC-e) / 2

* I have a patent and trademark pending on this highly complex equation; you must pay me for looking at it 

[JimboToronto]

Can someone explain in simple terms how Winkdex works and how is this price quoted?

I quoted this directly from their website twice already. I'll try a third time.

Winkdex is calculated by blending the trading prices in U.S. dollars for the top three (by volume) qualified Bitcoin Exchanges during the previous two hour period using a volume-weighted exponential moving average.

[JimboToronto]

Can someone explain in simple terms how Winkdex works and how is this price quoted?

(Bitstamp + BTC-e) / 2

* I have a patent and trademark pending on this highly complex equation; you must pay me for looking at it 

No. That's wrong.

If you don't know, perhaps you shouldn't post BS. Putting a smiley in your brag won't stop some people from actually believing that crap.

It's based on the top 3 qualified USD exchanges, not just Stamp and BTC-e and is not a simple average, but a weighted moving exponential average.

[TheFootMan]

I don't know if it's intentional, but the "about" section is mildly amusing...

That was too funny. My first thought: Those dudes are SCARY identical! I wonder if they got the same grades as well!

But  really they should've called it the 'Winkledex'.

[rangedriver]

With no altcoins listed I can't see it being much use over BitcoinWisdom, Coinmarketcap and/or TargetMoon.

[GigaCoin]

Winkdex is awesome and i look forward to the ETF

[tss]

finally someone big steps up to do some good for a try at bitcoin stabilization