Loving the tool every day. Alarms have been working like a charm, and gives me a little
more confidence in trading, in being able to properly monitor my trades.
Thank you very much.
After looking at the calculators I thought of a possible reconfiguration that might be more useful
for everyone. I find myself using the "Last" price-based calculator only. I use it as a gauge to see
what my current trade is worth at any given moment. For now, I do not see any use as of yet for
the Buy / Sell version calculators.
Same way as I use it at the Moment...
How is about all the others? Do you use "buy" or "sell" columns?
I think what would be handy is having both a "Last" calculator, and a free-form btc calculator,
to compare total dollars at most current BTC price with total dollars based on user-entered BTC price.
Hmm, to see if I understand you correctly:
You want to have two calculators INSTEAD of the one you have at the Moment:
1. which is calculating like now, based on the live price
2. you can calculate like a calculator, but giving a free price?
That way, one could get an instant comparison between dollar totals based on the live BTC price
and where they think the BTC price might be going, up or down. Also, you could enter in the free-form
calculator, the price at which you bought in at, and then always get an instant comparison of how your
trade is doing, making money or losing dollars, and by exactly how much. Of course there are many other
uses for the free-form calculator as well,like figuring out BTC trading fees, or re-investing additional BTC
and doing cost averaging, etc.
Hmm, but to keep it simple, how should this free-form calculator work if it should do dfferent things, like calculating fees?
And also, sometimes it there is no big spread between buy and sell possible and in those cases you should be able to calculate your "break even" price which means including your fees.
And the nice thing is, in terms of updating the Alert Tool, you could simply leave your calculator
entry fields exactly where they are, but make them horizontal equations, with each row being a
That is not very hard to re-arange - harder is to "re-programm". ;-)
The Calculator top row would be the "Last" calculator, with the BTC amount entered in the left field,
the "last" BTC price always shown in the middle field, and the totaled dollar amount shown in the
The second row for the Free-Form calculator works exactly the same, except the user decides and
enters the BTC price in the middle field.
And to make the design even easier, you could simply remove the Bitcoin and Dollar symbols in
between the calculator fields and simply replace them with "X" for multiplied by, and the "=" sign
for equals to, representing 2 horizontal equations, instead of vertical ones. Then on top of the first
calculator column place the "B" bitcoin symbol, the 2nd column maybe "P" for price, and "$" symbol
over third column for total dollars.
Let me know what you think of this idea.
This basically are all good Ideas and defenetly worth to think about and maybe to programm, to.
A little Part of this could be Part of the new Tool. (You may have checked out the Spreadsheet?)
I am thinking about this Tool as a kind of "break-even"-calculator, where you can see your
break-even (min or max) price for buy and sell after paying the fee for the transactions.
I did finalize the first rows of each block (first row for sell, second row for buy).
If they are working well, the other 4 rows each block would follow.
Finally we have 5 rows for buy and 5 for sell.
And they would summarize alltogether and you could see your profit/loss in different scenarios.
It would be behave like in excel, but a bit better, because there will be live prices included also and
you can work with it without installing anything (excep Browser+Flash-Player).
Also it could have it´s own alarm to keep you informed, if one of your scenarios will appear. ;-)
On the first Page there is a link at the Bottom "Here is a new Tool this is really early alpha. Click to open it."http://www.bitcoin-tools.de/index.html
Please remember it is really early early alpha and I decided to show it, because you all are invited to
let me know about your wishes regarding this tool.
Let me know what you think about that.