It's a little bit opaque about exactly what they do.
Here's an idea. Ask user to enter:
1. Spread percent (maybe give reasonable choices)
2. Amount (or omit this and just let them send)
3. Give up time (this is when you move back into BTC at the current ask)
4. Return btc address
You calculate midmarket at some exchange to use as a center, post a bid at center minus 1/2 of their given spread, when that order is filled or partially filled post an ask at center plus 1/2 spread. When this is done return coins and profit minus fees.
Advantages:
1. Liquidity is provided.
2. Small users benefit from putting their action on one account because they can have lower exchange fees than otherwise.
3. Little knowledge is required. No account required.
4. Simple pre-committed plan is not vulnerable to user emotions.
I realize this isn't foolproof profit at all and it shouldn't be advertised as such.
Topic: bitscalper anyone use this ? [PASSWORDS LEAKED] - page 31. (Read 40963 times)
Is this the bot making the 0.0123 trades at high frequencies?
Mybitcoin 2.0? 
http://bitscalper.com anyone sue this thing ??
I didn't use it, and it have few users, I think, because
Quote
4.9722 Bitcoin scalped to date
Why should it be sued and in which court?
http://bitscalper.com anyone use this thing ??
Note from theymos:
Bitscalper.com passwords have been leaked. More info.
Note from theymos:
Bitscalper.com passwords have been leaked. More info.
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