BitCoin Sensor

BitCoin Sensor

Paul DeCarlo

Paul DeCarlo

Houston, Texas

An IoT solution for monitoring the price of Bitcoin with Visual and Auditory cues pertaining to the volatility of the the CoinDesk exchange

Internet of Things

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  • 2 Followers

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Description

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

  • Grove LCD RGB Backlight x 1
  • Grove Buzzer x 1
  • Intel Edison with Arduino Breakout Kit x 1
  • Grove Base Shield V2 x 1

Gallery

Links

BitCoin Sensor Presentation Deck

BitCoin Sensor Featured on Channel 9

BitCoin Sensor Competes in 2016 China-US Young Maker Competition

BitCoin Sensor Github Repo

13325550 10103146368619236 3974903396244642434 n

Paul D. added photos to project BitCoin Sensor

Medium c47682ed 63c7 4f14 8733 2476fa1f0c87

BitCoin Sensor

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

* Grove LCD RGB Backlight x 1
* Grove Buzzer x 1
* Intel Edison with Arduino Breakout Kit x 1
* Grove Base Shield V2 x 1

13325550 10103146368619236 3974903396244642434 n

Paul D. added photos to project BitCoin Sensor

Medium fa29ad5d 60be 4778 86d3 1f9a75e417d7

BitCoin Sensor

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

* Grove LCD RGB Backlight x 1
* Grove Buzzer x 1
* Intel Edison with Arduino Breakout Kit x 1
* Grove Base Shield V2 x 1

13325550 10103146368619236 3974903396244642434 n

Paul D. added photos to project BitCoin Sensor

Medium c47682ed 63c7 4f14 8733 2476fa1f0c87

BitCoin Sensor

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

* Grove LCD RGB Backlight x 1
* Grove Buzzer x 1
* Intel Edison with Arduino Breakout Kit x 1
* Grove Base Shield V2 x 1

13325550 10103146368619236 3974903396244642434 n

Paul D. added photos to project BitCoin Sensor

Medium 822d5d79 8a3f 4e19 8996 4378e8375252

BitCoin Sensor

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

* Grove LCD RGB Backlight x 1
* Grove Buzzer x 1
* Intel Edison with Arduino Breakout Kit x 1
* Grove Base Shield V2 x 1

13325550 10103146368619236 3974903396244642434 n

Paul D. added photos to project BitCoin Sensor

Medium c47682ed 63c7 4f14 8733 2476fa1f0c87

BitCoin Sensor

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

* Grove LCD RGB Backlight x 1
* Grove Buzzer x 1
* Intel Edison with Arduino Breakout Kit x 1
* Grove Base Shield V2 x 1

13325550 10103146368619236 3974903396244642434 n

Paul D. added photos to project BitCoin Sensor

Medium 1d0a08b2 2969 4a07 bbc1 39a455116535

BitCoin Sensor

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

* Grove LCD RGB Backlight x 1
* Grove Buzzer x 1
* Intel Edison with Arduino Breakout Kit x 1
* Grove Base Shield V2 x 1

13325550 10103146368619236 3974903396244642434 n

Paul D. added photos to project BitCoin Sensor

Medium bff70d99 2e60 4d19 8b2a a236863a8ef2

BitCoin Sensor

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

* Grove LCD RGB Backlight x 1
* Grove Buzzer x 1
* Intel Edison with Arduino Breakout Kit x 1
* Grove Base Shield V2 x 1

13325550 10103146368619236 3974903396244642434 n

Paul D. added photos to project BitCoin Sensor

Medium c47682ed 63c7 4f14 8733 2476fa1f0c87

BitCoin Sensor

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

* Grove LCD RGB Backlight x 1
* Grove Buzzer x 1
* Intel Edison with Arduino Breakout Kit x 1
* Grove Base Shield V2 x 1

13325550 10103146368619236 3974903396244642434 n

Paul D. added photos to project BitCoin Sensor

Medium b1fc6ce9 585b 4fde 9581 b8a75bd54bd6

BitCoin Sensor

This project obtains the latest BTC price from CoinDesk every 30s and displays the value with a Green or Red background on the LCD based on whether the price has increased or decreased respectively since the last request.

Volatility is a measure of how much the price of a financial asset varies over time. This project also allows you to set an auditory alarm which sounds when the volatility index is exceeded.

The Volatility Index is computed using the exponential moving average formula:

accumulator = (alpha * currentNumericRate) + (1.0 - alpha) * accumulator

volatilityIndex = (currentNumericRate / accumulator) - 1

Note that the volatilityIndex is directional, thus if it is negative the volatility is moving the price downward and vice versa if positive.

The idea behind this project is to alert a potential investor of breakneck swings in the price of BTC. This could be very important given that the BTC exchange is open 24/7. Thus, a savvy investor could potentially save themselves from a heavy loss if they were alerted to say a 5% negative volatilityIndex swing that were to occur while the investor is sleeping. Likewise, one could be alerted of a peak selling opportunity should the volatilityIndex report a rise.

Fun Fact - While attending a Microsoft Corporate Hackathon in Miami, I was awoken by the BitCoinSensor following the announcement of Microsoft accepting BitCoin! - https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

Components List

* Grove LCD RGB Backlight x 1
* Grove Buzzer x 1
* Intel Edison with Arduino Breakout Kit x 1
* Grove Base Shield V2 x 1

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