lee101

Great starter guide, i also like to recommend the getting started page in the Reddit https://www.reddit.com/r/Bitcoin/ thread.

As people have already pointed out there are some things @aantonop says that aren't true like that bitcoin doesn't suffer from pump and dumps or front running, often exchanges not only run their own front running market making bots that get priority if they are the same price as other orders in the orderbook, but there are massive scandals without transparency & truth like the whole tether debacle, no one knows so you can assume the worst...

Extreme volatility right now to checkout our live forecasts/charts for pro traders: https://bitbank.nz currently based on poloniex data.

We also have a referral program where you can earn .003 BTC every paying user.

Theres also an API/bulk data for those technical HN types so you can build HFT systems on our platform.

Response from BitBank.nz http://blog.bitbank.nz/nicehash-hacked-62m-bitcoins-gone-2/ idk what its worth now probably 100m atleast lol

Hi i'm founder of https://bitbank.nz a trading prediction and stats platform that uses machine learning to predict cryptocurrency price, seems very similar to problems we have been facing.

After a quick call with a massive customer and walking them through our forecasting strategy and code we saw an abrupt end of communication after that!

Brain rape like something straight out of a silicon valley TV show https://www.youtube.com/watch?v=JlwwVuSUUfc

After giving away our secret sauce they simply cut all communication and one can only assume they are implementing their own version of what we have now...

If they are such a huge customer they should be prepared to pay like everyone else should be if you can prove from your predictions/charts that your algorithms performance is solid.

Give them a short free trial but be careful not to give them too much for free.

We now only offer a 1 day free trial and the value should be obvious after that, start with a crazy price and slowly drip feed discounts, product features and trial extensions like you would market to a normal customer, if they are going to do invest time doing any custom integration with your apis ect then why cant they invest money upfront too?

Its easy as a scientist to not make a strong sales standpoint but your worth more than you think!

BitBank actually works very well, I'm open and transparent about the prediction accuracy https://BitBank.nz/accuracy we now plot our recommended buy and sell points over time in the graphs and you can click on a point in the past to see what our forecasts where.

People are often tricked into thinking that trading is a zero sum adversarial game whereas in reality we can all benefit with the surge in crypto, I don't have the capital to trade much myself so I sell the trading system and reinvest in both trading and the trading system.

Unfortunately affiliate programs do come across as spammy less than 1% of traffic currently comes through the referral program so no one's using it really

If your anxious about things going to crash because of tethers the best way you can hedge against the volatility is watch the markets like a hawk lol. Can be very profitable too with all the volatility

Checkout the live charts and forecasts at https://bitbank.nz

Hi, i'm founder of https://bitbank.nz

Not a millionaire yet but if your in it for the long haul, offer some value to traders in the crypto space and reinvest heavily you can with a lot of work build something that gets you there!

Remember the neo gif... you don't need to be a fiat millionaire, a bitcoin one is more than enough

Hi, I'm founder of https://bitbank.nz I'd love to outsource the marketing, i created a referral program where you can earn .003btc per paying user referred.

But without traffic people don't learn about it.

We have a good conversion rate and good product but without the traffic its meaningless really, advertisers in the bitcoin space seem to accept bitcoin and send fake traffic that never converts into a real user at the rate of other sources (e.g. HN).

Also the way most advertising companies work is they want to see the money upfront, with startups you don't really have it until you get traffic, there's a chicken and egg problem there that makes it hard to get off the ground even when everything seems to be going great.

The advertising companies aren't really bothered about sending you real value just filling the numbers and they aren't aligned 100% with your success, i suppose there are a variety of models that have been tried out already e.g. some companies hire people and offer sales bonuses ect. some offer seo/content marketing ect but again arent incentivized to actually deliver just to take as much of your money as possible... :/

perhaps some kind of paid retweeting service like bitcoin birds (but one that actually works) could work well too. The mainstream advertisers are crazy expensive cpc too.

Its good to quantify how low things may get because theres so much volatility in the bitcoin space... such that you can make really decent gains even day to day.

I'm founder of https://bitbank.nz which provides high frequency forecasts for lots of cryptocurrency markets, because its only forecasting 2 hours ahead it can be more accurate by using other more denser sources of data such as computing the orderbook imbalance and weighted best fit lines through the trades weighted by trade amount. Check it out :) we have an API/bulk data developers can use.

more things i have tried: various paid advertising companies, bitcoin ones seem to not work/provide scamy impressions, legit cones like twitter cost far too much e.g. $1.5 per click, Press release on cryptocoinnews that no one else picked up brought in 1 signup...

no bites :'(

Checkout our Live Updating Forecasts at https://bitbank.nz They are driven by a trading bot based on machine learning, doing a pretty good job predicting when things are overbought / sold. We have a free 1 day trial then plans starting at .03 BTC for 3 months.

Also checkout our affiliate program where you can earn .003btc per paying user referred :)

We also provide a live API and bulk data to the technical HackerNews types.

There is a lot of money flying around in the Crypto space right now and with some good forecasts/data you can go a long way even manually trading :)

I created https://bitbank.nz providing live crypto forecasts.

I havn't reached that amount but in terms of income... You don't need to build a 10M+ business, just one with a 80k a year income rate, which is fairly achievable.

I only just launched it, i have negligible traffic and we are already getting about 1 customer every week, each customer pays .03 Bitcoin for 3 months ~300 usd perhaps the lifetime value may be 1000 usd if they continue, i'm sure there will be some churn but its fairly achievable that in a few years we will have atleast 80 paying customers.

I'm currently reinvesting the money that comes in into marketing/improving the business and into trading the cryptocurrency markets with the product to validate that its got value for our customers, its not too hard to double your money every few weeks using a high leverage trading platform like bitmex, or something like poloniex if you pick the right coins with our forecasts :)

I built the product in between my day job at Weta Digital.

You can do the same!

Also checkout our referral program where you can earn .003btc every paying user :)

The Sooner you get your business/secondary income stream off the ground the sooner you'll hit your financial freedom goals, with running a business you build trust/authority and traffic over time through many sources and the sooner you start the easier it will be, i started bitbank.nz as just a ghost blog about cryptocurrency trading about a year ago to get something out and eventually snowballed into doing things in a more advanced way, now the company is benefiting from the odd blog post i writ a year ago,

Keep doing things that don't scale and hitting 80k year on year is very reasonable, you don't need to have hockey stick growth or be unicorn level, you should be happy to run a business that would never get funded because your aiming for 80k and not the moon.

I can just see it

Headline: Sam Altman Starts new Murica Token ICO

or maybe he hands them out daily for free given some proof of USA'ism similar to the Universal basic income token

-- Lee, founder https://bitbank.nz

For live forecasts of the "tulip mania" checkout https://bitbank.nz

full disclosure those where exaggerated sarcastic air quotes...

interesting, looks like they are marketing themselves as ethereum 3.0

Hard to trust some ICOs these days but the smart contract space is pretty full of future opportunity

GUI contract builder sounds like a cool novel approach to offer some visual programming system, i find with ICOs its super hard to invest in something that's not running in production in front of everyone.

For investing in the crypto coins that are stable and in production checkout the live forecasts at https://bitbank.nz

Looking like ethereum is very mature technology these days, it's the companies and smart contracts that are built on ethereum that are a risk now, much like Bitcoin how we have centralization from having exchanges or wallets like coin base everyone uses.

Keep up to date with the live forecasts at https://bitbank.nz

Ethereum doing fairly well recently

Hey love the charts, it does look like cryptowatch (which is a complement), i havn't looked at traderwatch much but it is paid and lots of noise there with people creating arbitrary breakdowns with lots of lines on them... but with no solid projection of future movement.

I'm also in the charting/bitcoin graphs business :D checkout https://bitbank.nz we managed to distinguish ourselves by providing live machine learning forecasts combined with granular data that lets you see the price action/movement easily and just focusing on keeping it simple and not adding too many crazy indicators and arbitrary lines. i like this product in much the same way, very clean and nice color scheme.

We use a google app engine/firebase/plotly so we look a bit different to the traditional style, i notice your using a websocket, so your aggregating data on your backend? we are also doing that which gets a bit expensive (and we crunch though a few million previous examples over loads of altcoin markets every few seconds to make predictions). I wonder if there's a way to deffer some operations straight through to the exchanges / data providers?

Let me know if youd be interested in adding some of our forecasts to your graphs, We have a live data feed API for our forecasts you can subscribe too. ill give you the product for free if you let me know your from ohmycoin/HN :) we also have an affiliate program so if you link back to us you can make .003btc every paying user referred :)

Thanks, awesome work! :)

Kind Regards, Lee - founder https://bitbank.nz

Awesome stuff :D I'm founder of https://bitbank.nz

I would love to see someone build something based on the live crypto forecast data we have,

I'm happy for you to reverse engineer/use the same api that our frontend uses, we also have a firebase API so people can subscribe to live updates,

Let me know your email if your from HN and ill give you some free time to use the platform :)

We also have a referral program where you can make .003btc each paying user.

Thanks!

I got started being into algorithms and then making games with ai opponents like http://bitmultiplayerchess.com, http://wordsmashing.com I took andrew ng’s coursera machine learning course which i would highly recommend, also his deep learning course is worth it too :)

His course inspired me to create a cryptocurrency trading bot which i spun into a business offering forecasting for altcoin markets: http://BitBank.nz - Crypto Market Predictions with Machine Learning

I managed to make much more successful forecasts by understanding the fundamentals taught in that course like under-fitting and over-fitting and how to visualize whats happening by plotting a learning curve ect.

The forecasting algorithm really just applies the fundamentals thoroughly in perhaps a novel way, e.g. some features we compute at the current time include the linear regression of trades over time weighted by their amount

So its definitely worth the investment i think :) try and apply the teaching to solve a real world problem which i think is the interesting part, although you’ll end up doing a lot of data engineering you’ll savor the AI/ML part even more and start to appreciate strategies for how you can improve your performance in your case and test them out.

Having a play around with the create your own deep neural net at playground.tensorflow.org is pretty helpful, try and conceptualize what youve been taught in the courses by playing around with that, e.g. add more layers/breadth to your network to watch it get more and more powerful and begin to overfit when you add noise to your data ect.

That sounds like a good guestimate :) it would be interesting to take into account how diluted normal money vs bitcoin will be which could push the numbers to something like 250t (5% inflation over 20 years) vs idk how much extra bitcoin will be created, i'm guessing not much

so anything you create on paid time is theirs, fair enough.

'developed or promoted with existing Company IP' I wonder if someone writ a blog post on their company blog about their side project or something it would be company owned all of a sudden, or if they use an open source Github project?

'developed for use by the Company' what if the company just wants to use it and so claims they would be a customer so it was developed for use by them?

'related to an existing or prospective Company product or service' also sounds vague and how is something defined as related too?

I love how open they are about things but this still seems a bit onerous to me.

in terms of rails code https://github.com/coderwall coderwall is a well used/known blogging site for devs

So you can share the web altered with your CSS and JS.

I'm interested to see how people will use it.

Let me know what you think!

Hi i'm the author of http://www.wordsmashing.com The word game is open source and the code can be found on Github, hope you guys like it, tell me what you think :)