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

[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.

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[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.