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Topic: [XMR] BuyMonero.net - BTC cost averaging (Read 3745 times)

legendary
Activity: 1260
Merit: 1008
December 20, 2015, 10:28:23 AM
#57
So, what happened after the hosting mishap? Did the site never go back up?

its been low on the totem pole of fluffy's todo list unfortunately
legendary
Activity: 1762
Merit: 1010
December 20, 2015, 08:04:15 AM
#56
So, what happened after the hosting mishap? Did the site never go back up?
legendary
Activity: 1260
Merit: 1008
Hello everyone!

I'm sorry to inform you that there was a hosting mishap. We haven't lost any data and we expect to be back up within a couple of days as we move to new infrastructure.
legendary
Activity: 1260
Merit: 1008
Just a suggestion, and I know it kinda defeat the purpose of cost-average.

But it would be a nice feature to be able to set a max price cap. Like if I don't want to accumulate at prices over 400K, then I could set that as my max price there and the bot will only bid up to that price.

Thanks for the suggestion, and its a good one -

we had some discussions about how many features to add etc... we ultimately decided to follow the KISS concept (keep it simple, stupid). But we could have a more complex schema for different levels of users with different fee levels.
newbie
Activity: 55
Merit: 0
Just a suggestion, and I know it kinda defeat the purpose of cost-average.

But it would be a nice feature to be able to set a max price cap. Like if I don't want to accumulate at prices over 400K, then I could set that as my max price there and the bot will only bid up to that price.
legendary
Activity: 1260
Merit: 1008
The bot doesn't seem to be buying for me. I've got 5XMR in my buymonero account and 0.01BTC on Poloniex, but there don't appear to be any orders created. Does Poloniex keep a record of orders created but not filled? Just wondering if that's what's happening each time.

PMd
newbie
Activity: 7
Merit: 0
The bot doesn't seem to be buying for me. I've got 5XMR in my buymonero account and 0.01BTC on Poloniex, but there don't appear to be any orders created. Does Poloniex keep a record of orders created but not filled? Just wondering if that's what's happening each time.
legendary
Activity: 1260
Merit: 1008
Thanks Ginger, So your saying that I should raise my sell price at 1:00:37 GMT everyday just for you? Tongue

J/K none to sell ATM. Wink

Unless my bot already made the daily purchase - in that case, it wouldn't buy. Smiley
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Thanks Ginger, So your saying that I should raise my sell price at 1:00:37 GMT everyday just for you? Tongue

J/K none to sell ATM. Wink
legendary
Activity: 1260
Merit: 1008
And here's the screenshot of the graph, in case you don't wanna head to the op.


Its not the best example of getting the best deal, but we're not hiding anything. The bot does what its supposed to do. Buys monero. Daily.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
...
Yeop, which is why we added that option. See OP.

Excellent.
legendary
Activity: 1260
Merit: 1008
For cost averaging to work correctly it should be a fixed amount of XBT worth of XMR when buying XMR rather than a fixed amount of XMR. The idea with cost averaging is that one buys more XMR when the price is low and less XMR when the price is high; hence the fixed amount of XBT.

Yeop, which is why we added that option. See OP.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
For cost averaging to work correctly it should be a fixed amount of XBT worth of XMR when buying XMR rather than a fixed amount of XMR. The idea with cost averaging is that one buys more XMR when the price is low and less XMR when the price is high; hence the fixed amount of XBT.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
You know what would be cool?
A live graph showing the price you would have received your xmr vs the high and the low of the day.

Do you have an account? There is a graph. It shows where your purchase was made, and you can see the high and low of the day from the graph. I will put a screenshot in the OP when I get home today.

Not yet, I am still monitoring the market before purchasing and have not decided whether to use this or not when I do. But a generic live graph on the main page of the default settings would give a good idea of what the difference would be for like a weekly timeframe. It should be a decent selling point as long as it's consistently in the middle of the road.

Without data I probably won't try it to be truthful.
legendary
Activity: 1260
Merit: 1008
You know what would be cool?
A live graph showing the price you would have received your xmr vs the high and the low of the day.

Do you have an account? There is a graph. It shows where your purchase was made, and you can see the high and low of the day from the graph. I will put a screenshot in the OP when I get home today.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
You know what would be cool?
A live graph showing the price you would have received your xmr vs the high and the low of the day.
legendary
Activity: 1260
Merit: 1008
Sorry, there are no promotions at this time. Please watch for new replies to this thread - it is where promotions are announced.


And FYI, the "free monero" was just additional monero for your buymonero.net account - you don't actually receive extra monero for your holdings. Promotions just temporarily decrease the price of our service.
sr. member
Activity: 490
Merit: 250
I've lost the occasion to get some free monero.
I joined the website today.
Are in program another promo for early user?

thank you for your service
legendary
Activity: 1260
Merit: 1008
Tired of riding the monero wave? Tired of second-guessing your buying decisions? Get a bot to do it for you!!

Set up a new poloniex account, get an API key, set up a buymonero.net account, and let your bot accumulate your monero for you!!
sr. member
Activity: 252
Merit: 250
Watching with interest to see the adoption of this... I'm by not means a programmer but taught myself enough python to get a quite sophisticated bot up and running on Poloniex. So always good to see what the competition is doing!  Smiley

Nice to hear, why don't you post what points your bot purchased at in a few days. I'd be interested to see the results. Smiley

you love data, do you Wink
looking forward to see your results..

but: if your results are too close to what i am really doing i will change the rate-discovery slightly.

btw. the easiest way would be to just open multiple accounts and buying huuuge amounts (huge is always better i'd say) Cheesy

have a nice day and thanks for your interest Wink
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