Bloomberg Terminals

[Pipdips]

I had a chance to sit at a Bloomberg and was impressed and also overwhelmed. It is a vast system of gadgets to say the least, with charts and tons of business info and news. But I did not find anything for crypto. It's more for stocks?

How can crypto traders benefit by using these machines?

[exstasie]

I had a chance to sit at a Bloomberg and was impressed and also overwhelmed. It is a vast system of gadgets to say the least, with charts and tons of business info and news. But I did not find anything for crypto. It's more for stocks?

How can crypto traders benefit by using these machines?

Bitcoin data and news has been on Bloomberg Terminal for a few years: https://www.bloomberg.com/company/press/bitcoin-now-bloomberg/

They've launched a bunch of tickers since then, including altcoins and indices. Maybe you just didn't know which tickers to look for? I don't know where they are comprehensively listed but here's a couple more to look for:
https://www.coindesk.com/bloomberg-partners-with-novogratz-to-launch-crypto-index
https://www.coindesk.com/bloomberg-terminal-adds-huobis-cryptocurrency-market-index

[Pipdips]

I was impressed by the terminal, the screens, and the special keyboard.  I was in a rush though and only had 5 minutes on the thing.  I did not find any exchange software, it was more just for research tools and charts.  I don't know what sort of subscription was set up on the machine I used.  I liked the monitors a lot though, the fonts and color scheme, the dark black background, the elements of Unix.

It is a classy financial data machine!

[Pipdips]

Another update with my time spent on the Terminal.

There is something about the terminal I use, as far as I can tell they do not have a comprehensive amount of BITCOIN information on there.  I am thinking that each machine is deliberately configured differently and it could have to do with different subscriptions.  Apparently each terminal can cost in the area of $20,000 each?  Plus subscription?

It is a confusing machine to learn, I think.  It is like staring into an abyss of financial information.  It is arranged in a way that it is for people that do not understand how to use computers very well, if that makes sense.  But the keyboard is beautiful.

Today I found the Chat feature and I guess the chats are sent to somebody at Bloomberg offices.  So I get on there and start asking about Bitcoin and all the sudden the chart windows just close down.  I am thinking they have full control over each terminal, and they have ability to just close windows like that???

How much better do you think Bloomberg is compared to just sourcing our own stuff online at all the website we have available?

[Harlot]

It's more suited for people involved with the stock market and the global markets around it but do you really need to pay extra for a little to no advantage in the crypto market? If you look around you all your essential needs on learning and basing a trade are all for free. We have charts from tradingview as well as technical analysis found in their community we have several news sites where you can see a lot of news involving crypto we also have subreddit pages in general for crypto as well other cryptos having their own subreddit pages. And last we also have this forum where you can see a lot of things related from crypto from news to technical analysis. With the things I have said I doubt that even paying for a Bloomber Terminal software would beat the information given from what I have said. Be practical and don't spend extra on something you can't use in the market.

[pooya87]

don't be overwhelmed, most of what you have seen are just gadgets and a regular trader doesn't really need any of them to be successful in making consistent profit. most of them are only for special trading strategies and to maximizing the control and profit. otherwise they neither guarantee profit nor even make it possible. the main usage i believe is for those who are hard core traders and also want the communication feature to connect with other brokers. i don't think you find it useful for bitcoin market.

[Pipdips]

Are there operators with control over the terminals?

Like I said, I was in a chat session on a terminal, and I asked about cryptocurrency and was booted from the chat session. Are there operators behind it with permissions that they can control access to public terminals?