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Author Topic: Anchor Bitcoin to the Economy with CFD Trading  (Read 3372 times)
CFD Trading
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April 23, 2011, 05:40:43 PM
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Does anybody have the programming ability to construct a CFD trading site operating in BTC's?

It would probably tie in very good with the BitcoinSportsbook site...

Just allowing betting on financial outcomes as well -

Betting that the Euro will become more expensive to buy with dollars --- so buy a EURUSD CFD while your counter party to the bet will sell the EURUSD CFD offered on the Bitcoin CFD site.

Betting that the DOW, FTSE, DAX, Brent Crude Oil, Gold, etc, etc, will become more expensive to buy --- so buy the relevant CFD while your counter party to the bet will sell the relevant CFD offered on the Bitcoin CFD site.

This will allow for micro investment (/gambling) opportunity at very low cost, as well as hedging/speculation opportunity against/for risk.  It would also increase the demand for BTC as small players will get access to the market at VERY low cost.
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pjwaffle
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April 23, 2011, 06:09:18 PM
 #2

Does anybody have the programming ability to construct a CFD trading site operating in BTC's?

It would probably tie in very good with the BitcoinSportsbook site...

Just allowing betting on financial outcomes as well -

Betting that the Euro will become more expensive to buy with dollars --- so buy a EURUSD CFD while your counter party to the bet will sell the EURUSD CFD offered on the Bitcoin CFD site.

Betting that the DOW, FTSE, DAX, Brent Crude Oil, Gold, etc, etc, will become more expensive to buy --- so buy the relevant CFD while your counter party to the bet will sell the relevant CFD offered on the Bitcoin CFD site.

This will allow for micro investment (/gambling) opportunity at very low cost, as well as hedging/speculation opportunity against/for risk.  It would also increase the demand for BTC as small players will get access to the market at VERY low cost.

This is a good idea, me and my friend are working on a futures exchange for the bitcoin in PHP.
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April 23, 2011, 06:20:33 PM
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There's an exchange platform that will be up and running soon that will allow that type of contract no problem.

http://bitcointalk.org/index.php?topic=5947.0

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April 23, 2011, 06:35:59 PM
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This is exciting news!! Will definitely make use of glbse.com 's service. The Global Bitcoin Stock Exchange, except for private contracting, seems like it is even allowing for private capital raising as well. Thanks for pointing in the right direction ColdHardMetal.

Looking forward to your service as well pjwaffle.
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