Looks nice, would like to see cavirtex exchange.
Show HN: I built a live Bitcoin price aggregator with multiple indexes
21–30 of 68 posts
Re: Show HN: I built a live Bitcoin price aggregator with multiple indexes
#22Now that I have a huge stash of bit coins I was thinking of making a service/startup where you could lend out your bit coins to people who would agree to pay you back a slightly higher number of coins in the future. Kind of like a bank but not corrupt and full of banksters like the federal reserve and JP Morgan. Once I have traction I can IPO but instead of sell my shares for cash I would sell them in bit coins. I th…
This would open up the possibility of shorting Bitcoins. Could get big.
Re: Show HN: I built a live Bitcoin price aggregator with multiple indexes
#23This is awesome. Where can I donate?
Re: Show HN: I built a live Bitcoin price aggregator with multiple indexes
#24Now that I have a huge stash of bit coins I was thinking of making a service/startup where you could lend out your bit coins to people who would agree to pay you back a slightly higher number of coins in the future. Kind of like a bank but not corrupt and full of banksters like the federal reserve and JP Morgan. Once I have traction I can IPO but instead of sell my shares for cash I would sell them in bit coins. I th…
Re: Show HN: I built a live Bitcoin price aggregator with multiple indexes
#25Now that I have a huge stash of bit coins I was thinking of making a service/startup where you could lend out your bit coins to people who would agree to pay you back a slightly higher number of coins in the future. Kind of like a bank but not corrupt and full of banksters like the federal reserve and JP Morgan. Once I have traction I can IPO but instead of sell my shares for cash I would sell them in bit coins. I th…
Why would anyone want to borrow money in a deflationary currency (Bitcoins) rather than an inflationary one (dollars)?
Re: Show HN: I built a live Bitcoin price aggregator with multiple indexes
#26Looks good! X and Y axes with price/time ticks would be really useful...
Re: Show HN: I built a live Bitcoin price aggregator with multiple indexes
#27Now that I have a huge stash of bit coins I was thinking of making a service/startup where you could lend out your bit coins to people who would agree to pay you back a slightly higher number of coins in the future. Kind of like a bank but not corrupt and full of banksters like the federal reserve and JP Morgan. Once I have traction I can IPO but instead of sell my shares for cash I would sell them in bit coins. I th…
What's to stop people from just running off with your loan? Would you require some sort of tie-in to real-world identity?
Re: Show HN: I built a live Bitcoin price aggregator with multiple indexes
#28Now that I have a huge stash of bit coins I was thinking of making a service/startup where you could lend out your bit coins to people who would agree to pay you back a slightly higher number of coins in the future. Kind of like a bank but not corrupt and full of banksters like the federal reserve and JP Morgan. Once I have traction I can IPO but instead of sell my shares for cash I would sell them in bit coins. I th…
You can do something similar to this on Bitfinex right now, though it's specifically lending for margin trading. Also has the option to lend USD, which I have done, and had quite a nice return.
Worth checking out while doing research.
Re: Show HN: I built a live Bitcoin price aggregator with multiple indexes
#29Now that I have a huge stash of bit coins I was thinking of making a service/startup where you could lend out your bit coins to people who would agree to pay you back a slightly higher number of coins in the future. Kind of like a bank but not corrupt and full of banksters like the federal reserve and JP Morgan. Once I have traction I can IPO but instead of sell my shares for cash I would sell them in bit coins. I th…
This would open up the possibility of shorting Bitcoins. Could get big.
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Re: Show HN: I built a live Bitcoin price aggregator with multiple indexes
#30So, assume I already have Bitcoins on Coinbase and have a verified account to sell them easily. Theoretically, my plan for free money would look like this:
- Say I have 11 BTC on Coinbase.
Wire $10k to OKPAY ($25 bank fee, 0% OKPAY commission)
Send OKPAY money to BTC-E, $200 fee (2%).
- Now I have $9,775 on BTC-E.
Within ~1 second of each other, I enter a market order to buy 10.754 BTC on BTC-e for $9,775, and sell 10.754 BTC on Coinbase for $10,488.21 (after their 1% fee).
These are the real market rates at the time of this post (accounting for book depth). I make $488 with no risk other than holding the Bitcoin for awhile, which anyone holding Bitcoin does anyway.
Before I attempt to do this and find out the hard way why it ends up costing me money in the process, could someone please kindly point out the flaw in my plan?