What tools are not enough for you to interact with cryptocurrency?

[PotatoWizard]

I am creating my crypto project from scratch.
My friend and I are crypto enthusiasts. And we want to do our bit to the community. So far, it was in our power to make only a news aggregator, but we are actively working to expand its functionality.
We want to make some useful tools. For example, I personally did not find a convenient portfolio for myself, so we plan to add these things to the site.
Also, we have the idea of a tool for comparing currencies on exchanges. We want to make a convenient place where all the tools you need are collected in one place. And in the end, we plan to make a convenient and practical toolbox out of just a news aggregator.

What tools do you use to interact with cryptocurrency? What functions do you need? What do you advise us to strive for?

[rijaljun]

If you want to create a business that provide useful tools for portofolio management, or whatever my suggestion is only to do a market survey. Keep in mind that customer is everything so that what you call useful could be useless for others.

I have ever seen a website that have price comparison between exchange but I can't remember the name. Personally, I don't need it cause I can use manual check and sometimes I can't really believe in a platform (system errors do happen). However it could be useful if the performance is optimal.

[beerlover]

I always had an idea of where people could go for a passive income, the reality is that passive income is not that common and half of the things that are passive income are in reality a ponzi scheme or a scam in general and the other ones are not making you a lot of profit. Just to give an example go out and find the staking coins, all of them are either horrible bad coins or the good ones do not make you profit enough to make you rich.

I personally like waves for example but that is not going to make me rich and while it could profit me with staking, it could also cause me to lose if the price goes down, it could potentially go up as well of course but we never know that. So, a website that shows ALL passive income possibilities in crypto world would be amazing, not just staking, not just masternode, but ALL possibilities.

[bitbunnny]

I completely support new technologies and advantages they give us but sometimes I think that people have become so lazy that they want that different tools and machines do all the work instead of them.
When it come to areas like crypto trading I don't trust tools enough because I don't think they can replace humans in decision making and risk assement.
I'm not against their use but only as a support tool, not something that I would completely rely on.

[avikz]

I am creating my crypto project from scratch.
My friend and I are crypto enthusiasts. And we want to do our bit to the community. So far, it was in our power to make only a news aggregator, but we are actively working to expand its functionality.
We want to make some useful tools. For example, I personally did not find a convenient portfolio for myself, so we plan to add these things to the site.
Also, we have the idea of a tool for comparing currencies on exchanges. We want to make a convenient place where all the tools you need are collected in one place. And in the end, we plan to make a convenient and practical toolbox out of just a news aggregator.

What tools do you use to interact with cryptocurrency? What functions do you need? What do you advise us to strive for?

Noble thought! We practically have loads of new aggregators available but only few are useful. If you can create a new app with a complete list of useful tools, that would be great!

Price comparison tool between exchanges is a great idea. I don't know if we have any other tool in the market with similar functionality!

We often use coinmarketcap website to check the prices of the cryptos and majority of the time, we only check the prices of the top 10 cryptos in the market. If you can create a similar list of cryptos and bifurcate the list based on volume and liquidity, that will be grand! All the best!

[PotatoWizard]

I always had an idea of where people could go for a passive income, the reality is that passive income is not that common and half of the things that are passive income are in reality a ponzi scheme or a scam in general and the other ones are not making you a lot of profit. Just to give an example go out and find the staking coins, all of them are either horrible bad coins or the good ones do not make you profit enough to make you rich.

This is a good idea! I noted the emergence of sites showing where you can exchange your crypto for real goods. But people mainly use crypto as an investment and are not interested in spending coins. But everyone is definitely interested in accumulating new ones.

There are many pitfalls. There are very few places for passive income. But there are many startups that promise people money. But these startups can really be scammers or close quickly.

[PotatoWizard]

If you want to create a business that provide useful tools for portofolio management, or whatever my suggestion is only to do a market survey. Keep in mind that customer is everything so that what you call useful could be useless for others.

I have ever seen a website that have price comparison between exchange but I can't remember the name. Personally, I don't need it cause I can use manual check and sometimes I can't really believe in a platform (system errors do happen). However it could be useful if the performance is optimal.

Yes, I noticed that many additional functions and tools of crypto aggregators and media are rather conditional and useless or they’re not good enough for me to trust them. Therefore quality is everything!

So I don’t want to waste my time and enthusiasm, creating low-quality useless things. I want to bet on one really useful tool. But it's pretty hard to see if my ideas are really useful or not. So now I just collect information from other users and try to understand

[PotatoWizard]

Noble thought! We practically have loads of new aggregators available but only few are useful. If you can create a new app with a complete list of useful tools, that would be great!

Price comparison tool between exchanges is a great idea. I don't know if we have any other tool in the market with similar functionality!

We often use coinmarketcap website to check the prices of the cryptos and majority of the time, we only check the prices of the top 10 cryptos in the market. If you can create a similar list of cryptos and bifurcate the list based on volume and liquidity, that will be grand! All the best!

Thank you!

I saw the price comparison tool between exchanges on some media. But it looked dysfunctional and abandoned. So I think, if we are refine this idea, it will be usefull

Currency price widget is a must-have item of course!

[sana54210]

we have the idea of a tool for comparing currencies on exchanges.

I guess, if it will be implemented like how manually traders do for spotting arbitrage opportunity then your tool will be a huge hit among the traders who prefer trading across exchanges. I do compare a trading pair across exchanges by using coinmarketcap but their functionalities are not the updated one to reflect the recent price levels. If I am able to spot a gap that is most of the time due to frozen/delisted reasons.

In this modern era, I guess we traders are equipped with enough tools but improvements to those tools is definitely inevitable. Hope your services will be making us realizing how older versions we have been using so far or anything similar to that. Willing to test your portal asap. Good luck to surprise us .

[Harlot]

If I'll be looking for a new tool I'll be looking forward for an improved version of tradingview for cryptocurrencies. Now tradingview is already a good site to create your own technical analysis and view the analysis of other people the only bad thing is there is a lot of toxic people you will see in the community saying negative things to traders who have different views with them, it simply ruins the formality of the site. Maybe a similar tool to tradingview with proper moderation is something that people would want here.

[carlfebz2]

I completely support new technologies and advantages they give us but sometimes I think that people have become so lazy that they want that different tools and machines do all the work instead of them.
When it come to areas like crypto trading I don't trust tools enough because I don't think they can replace humans in decision making and risk assement.
I'm not against their use but only as a support tool, not something that I would completely rely on.

I agree with this even there are new innovations in this area i would really consider on using it up as long it would really be helpful on automation operations.
Fully relying into these tools is really bad and as said it would be much better if you do still trust your own decision making,intuition or instincts towards your
trading career.Its a matter of choice thought since we've been flooded up by these things.

[leowonderful]

A tool that's able to compile detailed information on your trades through an API key that can display your overall trading stats and specifics in a chart would be interesting. I used to use a site that did this for Bitmex, and even though it might not be something that you can directly trade with, visual representations of data are much better than simply seeing text, and this combined with a way to take notes like what the member above me noted could be a nice tool to improve your trading skills and identify potential weaknesses.

Some sort of built-in site widget that allows you to quickly scan through other peoples' analysis on TradingView could be interesting as well. I don't browse TradingView's TA community often, but being able to quickly browse and open TA in another window would be convenient.

[GreatArkansas]

If you really want a superb experience, you need more technical experiences.
Like coding, you probably need to build some services, backend or frontend sides. But this really need take a lot of time especially if you want to practice from scratch. But if you have some money budget, you can hire some developer out there.

[Wexnident]

Probably a trading view where you can freely manipulate the maps so as to make TA's on it? There's also the idea of letting those TA's become some sort of history where each one is saved as a type of history so the user can freely go back to it every now and then. Probably a sort of Notes section as well, where one can add as many as they can while having it sorted out quite well. Could be pretty useful when researching and advancing towards TA's, especially since it's directly connected to the site which you make one making it a lot easier to remember a lot of stuff.

[maydna]

Tradingview will be a good example for him to find the other tools that he needs to make. Although in tradingview, we cannot still get the right information, at least, that can be our reconsideration to make a decision.

But how about your site can give information about the price of each exchange, and provide the probability or percentage of the profit to make an arbitrage trading, so that can help people to search or get the coins that can provide them with the profit?

Or perhaps, you can show your website so we can suggest if you should add another feature that will help people to trade. That will be useful for us to know what things you already add in your site.

[justdimin]

I guess there are dozens of amazing portfolio tools that you can use plus there are even ones that arranges how much taxes you should pay as well so portfolio is not really a great idea.

However, when it comes to news aggregator that is not a bad idea but also not a one that could make you a lot of money.

If you really want to make something that would both help people out and also earn you money I would highly suggest a platform like fiverr where people could apply for jobs and others could list what they are looking for and you could take a cut from that.

There has been some tries for something like that before but none of them survived for too long since they couldn't find people to list jobs, if you could find business' that can list jobs then that idea could make a ton of money.

[Twentyonepaylots]

If you really want a superb experience, you need more technical experiences.

I must agree on this. Being enthusiast is not enough for industry like this, it is like being good at making ideas but cannot make it into reality. Technicalities of the certain aspect must be perfectly balanced same with ideas since ideas are the foundation of the project. There are so much projects in the past that didn't make it up to now because of this issue, some are just idealizing a very complex product/service yet cannot attain the level it requires to achieve it.

Like coding, you probably need to build some services, backend or frontend sides. But this really need take a lot of time especially if you want to practice from scratch. But if you have some money budget, you can hire some developer out there.

Projects, especially made from scratch are really hard to make it will do you much of what you expect to do and the most important is the timeline whether it will be still on trend until it finishes or not anymore.

[mersal]

In the past,I has used something like you mentioned but I lost the bookmark when I updated my system so pathetic is I didn't even the name of that site so its always been welcomed some something like you are interested to create.

[rexxarofmoknathal]

Hmm, 'scratch' is the word that stuck with me from reading your post and to be completely honest having this amount of enthusiasm is great and the fact that you both want to be active 'cryptos' would definitely be good not only for you as you'll be learning a lot but also for the community.

I'm concerned though that what you're asking and the answers you might be getting might make you give up but don't give up. It would be a difficult challenge and a lot of time and some money will need to go into making this a thing, maybe having it all on a website or something   
One tool that I think many people would appreciate is direct price comparisons and live rates from different exchanges?

[Kelvinid]

Never kept that scratch but rather to adopt the new system and technology which apparently gives you a close answer to your doubts.
If we could know how to read charts and you are watching the current market trend, it helps you to understand the situation and could create ways to make avoid losses or getting prepare for it or to take advantage of its sudden changes. And the most important thing we need to acquire before trading is to have knowledge which it helps to develop our trust and confidence in the market.

[Mumbeeptind1963]

Never kept that scratch but rather to adopt the new system and technology which apparently gives you a close answer to your doubts.
If we could know how to read charts and you are watching the current market trend, it helps you to understand the situation and could create ways to make avoid losses or getting prepare for it or to take advantage of its sudden changes. And the most important thing we need to acquire before trading is to have knowledge which it helps to develop our trust and confidence in the market.

I agree, it gives you advantage in any aspect of crypto when you have know about the chart and monitoring the market particularly in trading. Also you should always know the current situation and embrace the current situation because everytime it changed. Have knowledge is the best ways to easily adopt all the changes happen in cryptocurrency world especially in trading.

[LUCKMCFLY]

I think that a good tool is a robot that indicates the prices of Exchanges in real time and the consolidated volume, because no exchange has a consolidated volume, and this is very important, especially for Bitcoin.

[el kaka22]

I still think something as simple as calculation of arbitrage between exchanges for the same currencies could be the biggest one there is. If it is usd-btc pair that would be for coinbase and other ones that accepts dollars for example and so forth, if it is btc-eth there is a lot.

However, what this tool would do is not only see the prices and differences but also calculates how much it would cost to withdraw from one exchange to deposit to other place and withdraw back to original place so we can see if we can make a profit with that kind of arbitrage trading, the withdraw and trading fee calculated in with the difference would be biggest game changer there is for any tool.

[Polar91]

Also, we have the idea of a tool for comparing currencies on exchanges. We want to make a convenient place where all the tools you need are collected in one place. And in the end, we plan to make a convenient and practical toolbox out of just a news aggregator.

It's already existing and being provided by companies such as Blockfolio, Tab Trader. Although you may add features thus you may differ from them, you'll end up being one of their competitors which is difficult for a starting company such as your company.

What tools do you use to interact with cryptocurrency? What functions do you need? What do you advise us to strive for?

Most likely features for trading. There are a lot of features that can be added in trading. If you'll take a look at stock trading tools, there are a lot of elements from them which you can apply in crypto trading.

[RealMalatesta]

I guess there are dozens of amazing portfolio tools that you can use plus there are even ones that arranges how much taxes you should pay as well so portfolio is not really a great idea.

However, when it comes to news aggregator that is not a bad idea but also not a one that could make you a lot of money.

If you really want to make something that would both help people out and also earn you money I would highly suggest a platform like fiverr where people could apply for jobs and others could list what they are looking for and you could take a cut from that.

There has been some tries for something like that before but none of them survived for too long since they couldn't find people to list jobs, if you could find business' that can list jobs then that idea could make a ton of money.

There is huge competition for the field OP is gaining interest and it might get challenging to gain some demand but the plan you mentioned might really make him able to get a stable source of income. There is huge demand for platforms offering jobs but majority of such platforms do not care to update new listing and the old listing dominate the main screen which makes a lot of people lose faith from such platforms.

OP might create a platform understanding the exact needs of unemployed people and it might really make him earn great profits. There are a lot of unemployed people as well as there are a number of firms which do not get appropriate employees and hence lack in the completion of work. A better platform to solve these needs can make millions.

[ice098]

Also, we have the idea of a tool for comparing currencies on exchanges. We want to make a convenient place where all the tools you need are collected in one place. And in the end, we plan to make a convenient and practical toolbox out of just a news aggregator.

It's already existing and being provided by companies such as Blockfolio, Tab Trader. Although you may add features thus you may differ from them, you'll end up being one of their competitors which is difficult for a starting company such as your company.

What tools do you use to interact with cryptocurrency? What functions do you need? What do you advise us to strive for?

Most likely features for trading. There are a lot of features that can be added in trading. If you'll take a look at stock trading tools, there are a lot of elements from them which you can apply in crypto trading.

I am looking for a certain tools that could provide me an assurance that I can manage trading without any hassle. But as far as I can see nowadays, implementing any type of tools won't work until such time market demands will be back on a normal trend. We need to look closely on the factors that could help us establish a strong foundation before trading crypto asset.

[davinchi]

You can get a good response if you are able to integrate each and every tool needed on a single platform. You have to work hard in order to do so and also it would be good if you could circulate a survey form which might give you the exact answers for the needs of traders.

I am personally in need of a platform where I could find each and every detailed updated news about the cryptocurrencies 24 hours a day. This would help me save a lot of my time by digging some other platforms for reliable news. Moreover, you should try to educate more and more people towards crypto trading by listing some free courses onto the platform. I am sure this might generate a decent traffic onto the platform.

[Superalgos]

I am creating my crypto project from scratch.
My friend and I are crypto enthusiasts. And we want to do our bit to the community. So far, it was in our power to make only a news aggregator, but we are actively working to expand its functionality.
We want to make some useful tools. For example, I personally did not find a convenient portfolio for myself, so we plan to add these things to the site.
Also, we have the idea of a tool for comparing currencies on exchanges. We want to make a convenient place where all the tools you need are collected in one place. And in the end, we plan to make a convenient and practical toolbox out of just a news aggregator.

What tools do you use to interact with cryptocurrency? What functions do you need? What do you advise us to strive for?

Maybe you can start by understanding what the future of crypto-trading will bring: Superalgos V.0.0.6 is around the corner...

[Oceat]

I think it's better to make some survey questionnaire that you want to answer to the people who aren't satisfied with the apps that they are using when interacting. A guidelines app that can be easily understood while asking some questions. Looking some answers here may take some time for you to find out IMO.

[whyrqa]

Today, I am very limited in my capabilities and the more so as I am just starting to learn daily trading.  But the fact is that I try to never store my assets in the wallets of the trading exchange and constantly withdraw them to Myetherwallet wallet.  I use an Android-based smartphone and I am very worried about the constant entries in myetherwallet wallet.  I use the Chrome browser to enter the wallet and believe that this is the most risky way to use my assets.  Can someone advise me the best for android to use MEW  for trade ?

[Kelvinid]

Today, I am very limited in my capabilities and the more so as I am just starting to learn daily trading.  But the fact is that I try to never store my assets in the wallets of the trading exchange and constantly withdraw them to Myetherwallet wallet.  I use an Android-based smartphone and I am very worried about the constant entries in myetherwallet wallet.  I use the Chrome browser to enter the wallet and believe that this is the most risky way to use my assets.  Can someone advise me the best for android to use MEW  for trade ?

If you have a laptop or PC available, better have to use it. Using phones to access your wallet is not really a good idea especially when you are doing transfer transactions. You have that worried also and don't make that worry turns into regrets later. Keeping our keys is very important and what you are doing now, by using your phone is simply you are trying to expose it to the others. What if, if your phone has stolen? This is something you'll need to think and keeping our keys inside our phone is not recommended.

[4IRIK]

I guess tech analysis knowledge and risk management. Also good software.

Personally I trade on Bitmex (futures) with trailing stops (highly recommended) and support my trades with Bitinsure app. (https://www.bitinsure.com/)
It controls my risks (drawdown, losses and other trading limits and sends me alerts when any of them is reached. Also it gathers and calculates real-time stats so I do not spend any time on monitoring my accounts, looking of drawdown and other risks and have my performance stats at hand

[Quidat]

Today, I am very limited in my capabilities and the more so as I am just starting to learn daily trading.  But the fact is that I try to never store my assets in the wallets of the trading exchange and constantly withdraw them to Myetherwallet wallet.  I use an Android-based smartphone and I am very worried about the constant entries in myetherwallet wallet.  I use the Chrome browser to enter the wallet and believe that this is the most risky way to use my assets.  Can someone advise me the best for android to use MEW  for trade ?

If you have a laptop or PC available, better have to use it. Using phones to access your wallet is not really a good idea especially when you are doing transfer transactions. You have that worried also and don't make that worry turns into regrets later. Keeping our keys is very important and what you are doing now, by using your phone is simply you are trying to expose it to the others. What if, if your phone has stolen? This is something you'll need to think and keeping our keys inside our phone is not recommended.

Being paranoid isnt bad but too much of this would really limit you out into things that you can possibly do without any problems.
Im not saying i disagree into your sentiment but its not really that unsafe to make use of our phones when making these transfer or transactions
as long you do know on where you do keep your keys and doesnt carelessly installing random apps into your phone then risk of getting
hacked is less.Just know the basics of securing everything even you are making transactions with your phone it would be still hard for
others to get those coins.Just prioritize into things that should need to be kept.

[Sadlife]

What type of program is it ? trading chart, software of extension ?
Well for me, it would be nice if there's a chart that has all of tradingview indicators because most tools is limited if you are only a free user there and it could be nice if that tool also has Oil, stocks, Gold prices which you could also compare Cryptocurrency in volatility, inflation and volume.

[tvplus006]

I completely support new technologies and advantages they give us but sometimes I think that people have become so lazy that they want that different tools and machines do all the work instead of them.
When it come to areas like crypto trading I don't trust tools enough because I don't think they can replace humans in decision making and risk assement.
I'm not against their use but only as a support tool, not something that I would completely rely on.

When I'm having a hard time making a decision, I often think that a crystal ball would help me in such cases) But until you can buy it in a store, you have to do all the work yourself. Too bad OP didn't tell us about his idea of a currency comparison tool on exchanges. I think this should be useful in arbitration.

[MCobian]

Actually relying on tools or apps to make decisions in the world of crypto trading is very risky and makes us lazier analyze the market.
But if it is taken into consideration and comparison is not a problem. One of the tools that are commonly needed is a crypto price comparison
on various exchanges as well as buying and selling price determination tools are quite necessary for me.

[carlfebz2]

Actually relying on tools or apps to make decisions in the world of crypto trading is very risky and makes us lazier analyze the market.
But if it is taken into consideration and comparison is not a problem. One of the tools that are commonly needed is a crypto price comparison
on various exchanges as well as buying and selling price determination tools are quite necessary for me.

There are actually those sites that does have prices between popular exchange.- I totally forgot the name but it did exist where you can make use of this feature to
differentiate and compare price of a certain coin on various platforms on which you can actually make some arbitrate if the said gap would really be worthy to put on.

When it comes to tools then this would be primary and the rest are just typical stuff which had been commonly added feature which you can see
in the market today.

[Shasha80]

With the development of increasingly sophisticated technology, many tools have emerged that replace the role of humans.
Like trading bots which are becoming popular today, many think that using trading bots can provide passive income. Even
though the reality is not like that, still tools such as trading bots need manual settings from humans. So I'm not the one
opposed to creating tools for interaction with cryptocurrency, but don't rely 100% on tools. We use tools as support when
trading only.

[NavI_027]

Like other said, I also think of adding price comparisin between exchanges in your project. Though I don't find it necessary since you cannot easily jump from one exchange to another after you saw that the price is cheaper there but still it can help us to become aware of which exchange is better to use for the long run.

And I hope you can also make a mobile version of your work since smartphones are way more portable than other devices. We can be able to use your app even we are out of our home .

[Harriti]

Right now im just using Twitter because there are big founders and famous ones there. we get hot news from Twitter and it will have a huge impact.
If you're developing a news app, you should develop it with a bot. Let's create a bot to announce all new posts from famous people or entities that our users want to follow. That will help your app a lot.

[tbterryboy]

I feel like no tool is there to make you money, there is no way that just because you downloaded some tools you could be great at trading, or using any tools would mean profiting in trading. Obviously speaking they would "help" you, that way you wouldn't really be blind when trading and it matters but that is just one thing that could help you but when you get help from the tools it would make it easier.

So, when you are trading, you have to realize that you are either profiting thanks to your own knowledge, or you are losing money, the tools you are losing would mean absolutely zero when you are not a smart trader, it wouldn't really help you out the way you think it would help you out. So all in all I would say it is not as vital as people think it is.

[desticy]

First of all, I would like to see an application that allows a convenient format to view and make notes regarding my trading history.
I mean the full functionality for analyzing data for each transaction I completed. Of course, the application should be able to collect statistics from external platforms through API keys.

It is also desirable that the application had the function of creating notes in real time for each specific transaction, and could do this also in automatic mode.
Such functionality, of course, is best suited for beginners than experienced traders.
Although who knows, many experienced traders dream of good analysis tools.

[Quidat]

I feel like no tool is there to make you money, there is no way that just because you downloaded some tools you could be great at trading, or using any tools would mean profiting in trading. Obviously speaking they would "help" you, that way you wouldn't really be blind when trading and it matters but that is just one thing that could help you but when you get help from the tools it would make it easier.

So, when you are trading, you have to realize that you are either profiting thanks to your own knowledge, or you are losing money, the tools you are losing would mean absolutely zero when you are not a smart trader, it wouldn't really help you out the way you think it would help you out. So all in all I would say it is not as vital as people think it is.

Tools are already there and it depends on how a certain trader would do make use of it and since we do have different level of intelligence and experience then outcomes or results would really be different to each other.
For news aggregator or even to those exchange price differentiation or comparative then its useful and its one of the tools but it doesnt mean that you would really be making money or guaranteed results.
Nothing is enough when you dont make profits or money.Consider its working if you do already some greens or gains. Just continue the work and learn further because market is always
been unpredictable where you do need changes depending on the current market condition.