Quote from: GingerAle on April 08, 2015, 11:02:10 PM

Heya monero speculators! Onemorexmr, fluffypony and I put together something that will make it easier for everyone to buy monero!!

(yes, its still buying with bitcoin)

BuyMonero.net

With BuyMonero.net, you get your own bot that will place a daily buy order for an amount of XMR that you specify. If no one sells to the bot in 24 hours, your bot will make a second buy order that is sure to be filled. There is a small fee for the service - currently 1% (so 1 XMR lets you buy 100 XMR on the exchange).

We made BuyMonero.net for a couple of reasons. My primary motivation was so that I wouldn't have to always login to poloniex and follow the markets to try and get a good deal on monero. The second motivation was to allow accumulators a way to buy a lot of Monero with minimal effort.

If you're interested, please checkout the website. The following forum threads are also available for general discussion and tech support.

https://forum.getmonero.org/2/economics-and-trading/258/buymonero-net-btc-cost-averaging

https://bitcointalk.org/index.php?topic=1017131

As this is the speculation thread, I assume you all will want some hard numbers - unfortunately, we decided that to avoid exploitation of the bot that we would not publish them. And to keep this on topic - how do you think a service like this will affect the market?

An army of bots will paint the chart green!

On a more serious note, this looks like a great service for people that don't have enough time on their hands to check the price the whole day and/or get frustrated by setting their bids that eventually won't get hit (and thus having to set them again). How this will influence the market? Since the buying is more gradual it could reduce the volatility, which in general is a good thing. On the opposite, it could take away some liquidity from the bid side. So in conclusion, I am not really clear in what way this could effect the market, but atleast it's a good feature for the people that want to invest/buy for the long term.