A new way for doing automatic investment plan - BTC AIP

logfiles

copper member

Activity: 2198

Merit: 1837

🌀 Cosmic Casino

Quote from: libert19 on February 19, 2020, 11:52:01 PM

How exactly are you trying to do it? Assuming, with api key your software (or whatever) would transfer some funds to customers 'aip' account regularly, chances are you could also transfer them to your own account, isn't it?

I think he meant that you just hand them your API key, and they trade for you without having to move funds around just liek what you see from regular trading bots. However, it's still too risky a method especially for someone with Zero reputation here.

They could easily dump their shitcoins to you in exchange for your BTC or ETH since they have control of trades i your account

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

How does this really work? Is the feature inbuilt on the exchanges or is it possible to invest on the exchanges without depositing funds on them? Or do people need to invest through you to enable you invest for them on the exchanges? You need to be more transparent..

princerepon

full member

Activity: 994

Merit: 101

Quote from: yarlungzangbo on February 19, 2020, 09:41:10 PM

How many people are doing 'AIP'(automatic investment plan) now?

If i build a tool to help people doing 'AIP' by connecting exchange(kraken\bitfeinx\binance ..etc) api, will people use it?

advantage: no deposit&withdrawl, use your api key, never touch your money
disadvantage: is not easy for beginners to set up an api key in the exchange

No idea about how much people using API for their trading (i have no idea is there any actual way to count API users or not) but i can tell many people showing their interest about it. Because they thought it may help their trading skill. Which thing is curious me that how could you put your code in those exchanges you mentioned above..? or you just create a app/bot which you'll connect to your exchange account..? And one more thing are those exchanges really support that kinda thing..? Shocked

Kurokonobasuke

full member

Activity: 546

Merit: 122

★777Coin.com★ Fun BTC Casino!

How your program works? it is different to others AIP? It is really secured if we trust your ideal AIP? How you secured our accounts from scammers?
As a trader I always look the credibility of once technology if it is good when many people are wanted to used your AIP. Many AIP also are scammers because the have an accessed on the account and it has a power to managed our assets. Many people nowadays are observer when it comes in online money transactions

dothebeats

legendary

Activity: 3542

Merit: 1352

In other words, a trading bot..

There are tons of trading bots doing the same thing right now. If not then how different would it be to the trading bots that we have currently in the market? As usual, there would be some risks associated with your software and of course, people will have to deposit something into their account before it can start making money, otherwise it will just run stagnant and not doing anything at all.

It would be best to lay down your terms and your plans on how would you execute such.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: yarlungzangbo on February 19, 2020, 09:41:10 PM

How many people are doing 'AIP'(automatic investment plan) now?

If i build a tool to help people doing 'AIP' by connecting exchange(kraken\bitfeinx\binance ..etc) api, will people use it?

advantage: no deposit&withdrawl, use your api key, never touch your money
disadvantage: is not easy for beginners to set up an api key in the exchange

There are many options for an investor to begin with a AIP (Automatic investment plan) or SIP (Systematic investment plan). The names are just different but the modus operandi remains same for both. There are platforms like Bitdroplet or Unocoin where you can use your local currency to buy bitcoin at a certain user defined interval. So first do a competition mapping before start developing any such tool. If you are able to offer something drastically better than that, then start developing that solution. Don't bring a redundant product in the market. Also think what kind of licenses you would require to integrate bank payment. Such kind of tools are difficult to operate. Don't want to demotivate you but just showing the reality!

libert19

hero member

Activity: 2520

Merit: 952

How exactly are you trying to do it? Assuming, with api key your software (or whatever) would transfer some funds to customers 'aip' account regularly, chances are you could also transfer them to your own account, isn't it?

joniboini

legendary

Activity: 2170

Merit: 1789

How exactly your program will runs? Deposit is a must before your program can buy anything I assume, so the advantage is probably simplicity in buying tokens/coins. Setting up an API key is not that difficult either, so it's not really a major disadvantage. However, there is a risk of buying/selling at the wrong time or something like an 'API hacks'.

The problem is the algorithm that you use to buy the tokens/coins. Unless the user needs to set up itself (which means your program is just a simple scheduled trading bot), you'll need to provide them with a reliable investment set up.

yarlungzangbo

copper member

Activity: 126

Merit: 12

How many people are doing 'AIP'(automatic investment plan) now?

If i build a tool to help people doing 'AIP' by connecting exchange(kraken\bitfeinx\binance ..etc) api, will people use it?

advantage: no deposit&withdrawl, use your api key, never touch your money
disadvantage: is not easy for beginners to set up an api key in the exchange

Topic: A new way for doing automatic investment plan - BTC AIP (Read 112 times)