Post
Topic
Board Project Development
Re: Qt Bitcoin Trader [Open Source secure trading client for Mac/Windows/Linux]
by
JasperDX7
on 16/03/2014, 21:03:39 UTC
I have doubts that exchanges are going to pay you to have their exchange added to the bot.

Let's wait and see. If Ighor enriches his app with charting, then his product would for sure be of interest to exchanges.

Bucketshops are paying hundreds of thousands of dollar to get Metatrader as a front-end for their clients (and partially a back-end for themselves). Why wouldn't bitcoin exchanges pay for having a decent front-end for their clients?

As far as I know there is currently one application, rtbtc, that has charts and order execution - the end user pays 20 bucks a month (rtbtc charts are very basic and low-quality).

Ighor follows a different business model in which the exchange pays for the front-end. In my opinion Ighor's product has potential (quality-wise, if charts are added) to kill rtbtc.

I'm not saying his product is of poor quality. I'm just pointing out that the owners of most exchanges are already getting large amounts of users who are already using bots that connect to their exchanges for free. So there's no real incentive for those exchange owners to pay to have a bot work on their exchange.

I suspect maybe two or three small exchanges will pay or make some kind of deal in order to get more traffic but larger exchanges like BTCe...not so sure.

I'll be interesting to see but I'll support whatever Ighor chooses to do as long as the bot stays free.