Update 10.09.2017: Added support for Bitcoin and Euro wallet, Added display of current prices from Coinbase
Most media and some experts see cryptocurrency struggling. Some say bitcoin and blockchain are overhyped or even locate crypto-exchanges in the trough of disillusionment. As s visionary and strategist, you know this may just be the right time to invest: As we’ve cycled about two-thirds of Gartner Hype Cycle, the plateau of productivity is almost graspable, limiting volatility.
- I’ve developed a handy but simple Google Spreadsheet-Script to retrieve your current Ether balance from your Coinbase.com wallet.
- This is the first step to a truly open-source Personal Finance Management solution for an independent savings strategy.
- I’ll explain why this is a rule-breaking MVP and why Ether, via Coinbase, is a perfect way to validate this idea.
Back in 2013 I was buying Bitcoin at Mt.Gox for about 70 €/BTC. Shortly after BTC/EUR exchange rates hit 700 €/BTC, Mt.Gox went insolvent in February 2014. Loosing 60 % of my investment (and 950 % of my potential payout and still waiting for compensation), I turned my back on cryptocurrencies for a while. In the last 12 months, I gave Ether a shot; with reasonable returns. Ether, technically similar to Bitcoin, isn’t just a currency based on Blockchain, but the fuel for a new kind of digital ecosystem. So-called Smart Contracts enable individuals and businesses to set-up any kind of contract, authenticate and get it certified by a crowd of Blockchain witnesses (nodes). Examples include loan and rental agreements or corporate bonds. With Blockchain’s built-in peer supervision, central authorities and even notaries may become redundant. This yields a huge opportunity for developers, startup-companies and investors. Continue reading “Cryptocurrency: Personal Finance Management with Coinbase API and Open-Source Google Spreadsheet and Script”