Author Topic: BIT20 Smartcoin, top 20 cryptos weighted index (ETF like)  (Read 18051 times)

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Offline Empirical1.2

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I think if you want to stick to the "best" 20 crypto's you should use the first 20 with the biggest volume NOT the 20 with the  biggest marketcap.... because we will see many shitcoins on the list very often....
I support this point. Market cap is a bad measure of performance. Issue trillions of shit coins and get #1 market cap. Look at ripple for example. Trade volume is the only good way to evaluate crypto token performance.
trade volume is also easily faked

It depends what exchanges you reference I guess. You can't fake volume very easily/for very long when you're paying 0.2% per trade can you?

(Coinmarketcap for example excludes the BTC exchanges with no fees from their calculations http://coinmarketcap.com/currencies/bitcoin/#markets )


You can't fake volume very easily/for very long when you're paying 0.2% per trade can you?

except you are the exchange owner... so the fees come back to you...

That's why I first consider the MC, because it's the only thing you can't fake. The only way to manipulate the MC is by pouring your money in the coin ;p

A lot of cryptos claim to have X supply on the market but you can't be sure they really distributed them, so their market cap is inflated but this is often obvious by their much lower volume.

(As an extreme example, have an ICO for 100 million coins, raise 100 BTC but 99.9 BTC actually came anonymously from you. Now there's only 100 000 coins on the market you don't own. Building their price up to $1 a coin would be fairly cheap and now your DAC/Coin would be valued at $100 million, but it would be clear your market cap is inflated because of the low volume.)

See any atm that shouldn't be included in a credible BIT10 ETF?  :P
If you want to take the island burn the boats

Offline EstefanTT

wanted to chime in, too :)

very interesting project, I will also update the bts_tools package to publish this feed and will publish it myself once I get around to do it. At the moment, I'm right in the middle of a refactoring + adding support for steem, so it'll take a couple more weeks I imagine, but you can count me in!
Thanks !!! I will !

I guess we won't wait much more. The script is in the Mindphlux hands ;)

This is just quick solution to avoid more delays. I have something better in the pipeline for publishing the price in a completely decentralised way but alowing me to add easily more code in the index revision system if needed without having to update the scripts with all the witnesses everytime.



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can't wait to buy some!!!  +5% +5% +5%
So do I.

I think is a nice investment.
You can let your money grow smoothly over the years.
I don't think the buyers market will be a problem. It will be a little tricky to get shorters shorting at a decent price. But I think that if the liquidity grows on one side, it would eventually grow on the other ;)

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Bit20, the cryptocurrency index fund http://www.bittwenty.com
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Offline liondani

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wanted to chime in, too :)

very interesting project, I will also update the bts_tools package to publish this feed and will publish it myself once I get around to do it. At the moment, I'm right in the middle of a refactoring + adding support for steem, so it'll take a couple more weeks I imagine, but you can count me in!
Thanks !!! I will !

I guess we won't wait much more. The script is in the Mindphlux hands ;)

This is just quick solution to avoid more delays. I have something better in the pipeline for publishing the price in a completely decentralised way but alowing me to add easily more code in the index revision system if needed without having to update the scripts with all the witnesses everytime.



Sent from my SM-G900F using Tapatalk

can't wait to buy some!!!  +5% +5% +5%

Offline EstefanTT

wanted to chime in, too :)

very interesting project, I will also update the bts_tools package to publish this feed and will publish it myself once I get around to do it. At the moment, I'm right in the middle of a refactoring + adding support for steem, so it'll take a couple more weeks I imagine, but you can count me in!
Thanks !!! I will !

I guess we won't wait much more. The script is in the Mindphlux hands ;)

This is just quick solution to avoid more delays. I have something better in the pipeline for publishing the price in a completely decentralised way but alowing me to add easily more code in the index revision system if needed without having to update the scripts with all the witnesses everytime.



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Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline hcf27

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Offline Musewhale

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great!
good idea!
i like this!
just do it!
 +5% +5% +5%
MUSE witness:mygoodfriend     vote for me

Offline Valentin | Lin9uxis

 +5
Just to keep you in touch guys, I finally found a way to produce to price feed. I had a lot of problems but it should work very soon.

I set up un python script from xeroc with the value of the index from my website and mindphlux kindly agreed to run it.

As soon as mindphlux find the time to test and run it, if there is no more unexpected problems, the index should be alive and ready to be trade.

I will start a new official thread for Bittwenty as soon as the feed price is updated. The web site is also done and is just wainting to be made official.




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 +5% +5% +5%

Offline wackou

wanted to chime in, too :)

very interesting project, I will also update the bts_tools package to publish this feed and will publish it myself once I get around to do it. At the moment, I'm right in the middle of a refactoring + adding support for steem, so it'll take a couple more weeks I imagine, but you can count me in!
Please vote for witness wackou! More info at http://digitalgaia.io

Offline EstefanTT

Just to keep you in touch guys, I finally found a way to produce to price feed. I had a lot of problems but it should work very soon.

I set up un python script from xeroc with the value of the index from my website and mindphlux kindly agreed to run it.

As soon as mindphlux find the time to test and run it, if there is no more unexpected problems, the index should be alive and ready to be trade.

I will start a new official thread for Bittwenty as soon as the feed price is updated. The web site is also done and is just wainting to be made official.




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Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline karnal

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Xeroc, HCF27 and Valentin has been helping big deal !

Thanks guys !

I'm probably almost there, a little more patience ...

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+5%

Offline merivercap

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 +5%  I like the idea of a crypto-basket ETF!
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Offline EstefanTT

Xeroc, HCF27 and Valentin has been helping big deal !

Thanks guys !

I'm probably almost there, a little more patience ...

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Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

@EstefanTT got an Ubuntu machine set up for this project, I think he has website ready and he was in the process of pushing the feed price to the testnet...

Lets create a telegram group for this project, so that any1 with coding skills can help out
So do I !!! My old netbook is now running ubuntu 15.10 and, as I couldn't run the script, I'm also about to have my good laptop dual boot with linux to run more tests.

Also looking for a cheap VPS to test this feed price.

Well, in two words, I almost there ... since last week ... Lol

Telegram group would be cool but I'm not sure right now we have the public for that. A couple of +5% and I create it right now !



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« Last Edit: April 10, 2016, 11:12:27 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
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Offline EstefanTT

IIRC, EstefannTT is experiencing some python related issues under windows ..
In essence, the GrapheneLibraries that are required to run feed scripts in python require some dependencies that seem to be difficult to deal with under windwos.

I would appreciate any kind of help here since i simply don't have a windows machine here
I'm not sure you received my private masseage on telegram ..

I erased an old netbook and install ubuntu 15.10 on it.

I follow the command on your github but the pricefeed_manual.py doesn't work.

I tried yesterday night and the whole day today but no luck ...

Valentin help me during more than an hour giving me commands to try in the terminal to instal git, autobahn, twisted, ... but it still show errors.

I just start a few days ago trying to undestand python and linux. I really don't know what to do to solve this.

I'm on my smartphone (outside) right now and I don't remember exactely what was the error. It was something about "cannot import the parseWsurl name' and another error about the dependecy missing python-autobhan (weird thing because I installed it and also checked I got it there with the last version)

Check your private telegram if you want the snapshot of my ubuntu screen.

I hope I can solve this, I'm more than a week on this issue ... Fingers crossed !!

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« Last Edit: April 10, 2016, 11:11:07 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
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Offline hcf27

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@EstefanTT got an Ubuntu machine set up for this project, I think he has website ready and he was in the process of pushing the feed price to the testnet...

Lets create a telegram group for this project, so that any1 with coding skills can help out