Jump to: , The Bitcoin-OTC project is a marketplace for people to conduct over-the-counter trading in bitcoin.It is located in various IRC channels on the freenode IRC network: Trading in the market is facilitated by the gribble bot, which takes care of maintaining the outstanding order book, as well as a web of trust user rating system.All trades are conducted between users directly, without any intermediation by the marketplace.The source code for all the related software, including bot plugins and the website, is open, and hosted on this github repository.Contents 1 2 3 4 5 6 The order book holds offers not just for buying and selling bitcoins but for physical goods and services as well.The OTC Rating System is an irc-based web of trust network.Users can give each other ratings between -10 and +10.User must be identified via a PGP key to enter ratings.Only one rating can exist between two people.The 'rate' command updates the existing rating if it is used multiple times.

So as the trust increases or decreases, user can update the trust value for a particular user.Only users with positive ratings in the system can rate other users.The system calculates the cumulative trust received by a user from all ratings.Through the web interface, users can explore the trust ratings and interconnections between users.Users are suggested to take the size of transactions, the nature of your relationship and interaction, length of history, etc, into consideration with giving out rating.The basic guidelines on what ratings to hand out to people.Users have several ways to check if the identity of the person is genuine.Once you check that the user is identified via PGP key, you can query his rating with the 'getrating' command (sum of all ratings) or the 'gettrust' command (total of ratings by people you trust).You can also explore the trust network and make sure that the person is well connected to a number of trusted users.I get this question all time and now with bitcoin up 100 percent this month — yes, in just one month — my phone is ringing off the hook with friends, family and investors asking how they can buy some bitcoin.

To be sure, I do think this latest run is a bit of a price frenzy and a correction could be overdue.Bitcoin is a revolutionary and disruptive technology, but it is not immune from the very human emotions of fear and greed.However, I do think for the long term, it is vastly undervalued today.When I first bought bitcoin in 2013 the process was cumbersome and even a little scary, but today it it is much easier.Individual and institutional investors have some very simple ways to gain exposure to this new asset.If you are an individual investor and want to buy bitcoin the easiest way is through a digital asset exchange like Coinbase.Coinbase is one of the largest U.S.-based bitcoin companies that facilitates not only buying bitcoin, but also the storage of bitcoin.Opening an account with Coinbase is painless and once you link your bank account you can buy and sell bitcoin with ease.Beyond the ease of use, Coinbase also offers a "vault" that can be used to store your bitcoin.Since bitcoin is a new financial system that can operate without traditional banks, you control your finances.

However, this financial freedom means that you are responsible for the safekeeping of bitcoin.The vault option at Coinbase makes storing bitcoin simple and it has many layers of security.If you would rather buy bitcoin in a retirement account like an IRA, you can do that too.The Bitcoin Investment Trust (GBTC) is a publicly traded trust offered by Grayscale that holds only bitcoin.This is a good solution for those looking to make a long-term tax efficient purchase of bitcoin.However there is a caveat, the Bitcoin Investment Trust is thinly traded and often trades at a premium to the price of bitcoin.ethereum price orgInstitutional investors are also getting into the bitcoin game.ethereum brokerFor my hedge fund that invests in digital currencies like bitcoin and Ethereum, I use Genesis Trading.circle bitcoin transfer

Block trading desks, like Genesis Trading, give institutional investors the ability to buy large amounts of bitcoin with very little slippage.My investment thesis on bitcoin and blockchain technology is that it is a disruptive force in financial services and will likely be the foundation of the next-generation internet also called Web 3.0.It's worth noting again that while bitcoin has a lot of real-world potential use cases, it's price is still subject to volatility, which could get extreme in some cases.bitcoin takBitcoin, Ethereum and other blockchain assets are a new way for investors to gain exposure to a high-growth industry and I expect the long-term prospect to be filled with plenty of breakthroughs, intermittently interrupted by a few bumps along the road.miami international bitcoinBrian Kelly is founder of BKCM LLC, a hedge fund which manages digital assets and a CNBC contributor.bitcoin poker bot

Kelly is the author of the book "The Bitcoin Big Bang: How Alternative Currencies are About to Change the World."He is not an investor in Coinbase or Genesis Trading.Join our Telegram Channel!Get Bitcoin News stories in Telegram × Dismisstl;dr We've been testing (over-the-counter) OTC transactions with our South African user base.At present, we only have it available for buy orders greater than 250 BTC.For smaller orders (and sell orders), we suggest using the Luno (formerly BitX) Exhange.bitcoin ankaraThe most convenient way for the majority of traders to buy and sell stocks, commodities and Bitcoin at the current market rate, would be through an exchange, like the BitX Exchange.bitcoin ankaraThe snag, as you might be aware of, is that despite seeing a specific exchange rate, the trade is actually restricted by the liquidity on the market: how much of the stock, commodity or Bitcoin you can buy or dispose of at any given time.python bitcoin network

It's one thing to see the exchange rate of Bitcoin when there is only a few satoshis available at that price, quite another when you want to buy or sell a large amount.Bitcoin is reaching a larger and larger audience each day and more people are seeing Bitcoin as an asset class, worthy of substantial investment.But let’s first rewind the clock to the prices as on the morning of May 31, 2016: If you placed a sell order for up to 1.223 BTC on the BitX Exchange on that day, it would have fetched 9220 ZAR/BTC, as it is would have been matched to a seller who is willing to accept that amount of money for their Bitcoin.That said, if you wanted to sell a substantial amount, say 100 BTC, the first 1.223 BTC would get closed at 9220 ZAR/BTC but you’d get an increasingly weaker exchange --due to limited liquidity.The tail end of an order like that will only fetch 8000 ZAR/BTC, or 13.2% less, in what is called slippage.This will be the same for a trader who places a large buy order, but just on the other side of the depth chart, where they pay an increasingly higher price on their large transaction.

Some stock, securities and Bitcoin exchanges deal with these scenarios through OTC (or over-the-counter) trades, where a large transaction is facilitated not through a public exchange but through different, private channels.This is merely an example of how it is structured: BitX OTC makes contact with our traders with an offer saying: “We are facilitating a 250 Bitcoin buy order at R10,000 ZAR/BTC, minimum 50 BTC per trade, any sellers interested?” There are many advantages to adding an OTC Desk: We charge the same fee on OTC trades as we do for taker orders on the Luno Exchange.If you are currently interested in buying large amounts of Bitcoin, we are ready to assist.There are a few things you need to be aware of: If you're interested in OTC trades, simply send us an email at  at your earliest convenience and we'll answer your questions.I’m sure you’re aware that the price has jumped by around 30% in the past month, so if you have previously purchased coins stashed away somewhere, it might be a very profitable time to sell right now ;-)