Bitcoin price/rate Update
Has anyone figured out how to get price of Bitcoin to daily update? In yahoo finance there is a currency and daily price for Bitcoin with codes USD/BTC (BTCUSD=X). I've tried all combinations of this in the Currency ID field of the Bitcoin currency I created but nothing seems to work during the quotes and exchange daily update process.
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1 Posted by Ben Spencer on 30 Jun, 2016 02:29 PM
I created a currency for BitCoin and put BTC in the "Currency ID" field and was able to get the Quotes and Exchange rates extension to download a current price for the currency. Historical prices do not seem to be available.
Ben Spencer
Infinite Kind Support
2 Posted by gerard on 01 Jul, 2016 05:27 AM
Thanks Ben, I should have mentioned that yes I had tried this. When I do
I get a value (666.66667 which is close to current value), sometime it
changes to 625 but that's all and it doesn't seem to update value each
day, whereas BTC is a very volatile currency. Whenever I run the quotes
and exchange rate update extension all the other currencies are updating
nicely and accurately. I watched this for several days and some days the
BTC price value reported by MD (either 666 or 625) was completely
outside the days range reported by Yahoo Finance. If you run a quotes
and exchange rate update and then immediately check the currencies
current price in MD all, with the exception of BTC, are very very close
to what Yahoo Finance reports. I have AUD, GBP, EUR, NZD and AED with a
base of USD.
As an interesting aside, If I create a Security with USD as currency
and put the security ticker as BTCUSD=X then this updates price in MD
perfectly each day. I've selected Yahoo Finance USA for current and
historical updates source. This is fine for getting updated daily value
but not so good when you are transferring BTC between wallets (accounts)
or income and expenses as every transaction needs multiple MD
transactions and causes other MD reporting issues.
Thanks
3 Posted by Ben Spencer on 01 Jul, 2016 01:05 PM
It seems to be working for me now. I got a downloaded rate of 680.27 using the currency code BTC this morning.
I am am fairly confident BTC is the correct code. If Yahoo fails to provide the correct data for the code there isn't anything we can do on our end.
Ben Spencer
Infinite Kind Support
4 Posted by gerard on 01 Jul, 2016 01:07 PM
Thanks, Not sure why I see a difference. I will try again
System closed this discussion on 02 Oct, 2016 02:38 AM.