Why do you need this again
he needs you to want this, because he wants BTS price to go higher...
...reported and hopefully will be moved to altcoin discussion
I could care less about BTS prices. All I am considering is ways to facilitate easier and low cost BTC trading, as I described in my above post.
Why not use traditional exchanges?
Understand that if you trade out of Bitcoin to their fiat-denominated "assets" there are considerable risks. First BitShares is not exactly decentralized, it relies on a certain number of masternodes. Exchanges are somewhat liable & regulated to a certain extent so that you have some type of recourse if your fiat deposit disappears, that is not the case with BitShares.
Do you really wanna trust your coin to a completely unproven and relatively shady cryptosystem with no public figures behind it?
Actually, you may be correct that there may be more risk than is within my tolerance levels, and I suppose that is the reason that I am asking for the input of others before I delve in (even with only a small part of my BTC holdings). Actually, I had also been considering Gemini for a similar purpose (since their fees only seem to be around .25% at the time being, but if I could accomplish some trading with even lower fees (without suffering too much risk), then I would be interested in that even more.
BitReserve has 0% conversion fees between currencies. Again, I wouldn't trust them with any significant amount and I'm not certain what type of regulations they are under...
Actually, Bitreserve may serve my purposes just fine for now... and possibly even into the future... thanks for providing that info.
Maybe in the beginning, I would hold about 10 BTC with them depending on how matters evolve.... and as time goes on maybe another better solution will reveal itself to serve my purpose(s).
I have looked at my total potential BTC trade quantity under my current version of my trade plan, and it appears that the most coins that I would need (up to BTC reaching $500) would be about 26 BTC.
If BTC is more volatile (rather than a straight shot upwards), then I would probably need far fewer than 26 BTC for selling purposes... My need for 26 BTC worst-case scenario assumes that every time I sell BTC from my sell allocation, the BTC prices keep going up and goes past $500.
Because I have other BTC, prices going up is NOT a really bad scenario, but it is one in which I would end up using the most BTC in my projected trading scenario.
I suppose if something like a price spike like that were to occur, there may be circumstances in which I may decide to hold back on selling BTC, until BTC prices reach some kind of price-stable plateau?
I created a bitreserve account, and then I went through the second step of verifying my identity.
Over an hour ago, I sent 10 BTC to the account; however, currently it appears that the 10 BTC are NOT yet available for moving around within my bitreserve account, maybe NOT until after the transfer has been sufficiently confirmed. I looked at the blockchain link, and that shows 9 confirmations.
Overall this seems as if it may largely work for my purposes; however, I would like to find some kind of free service in which I could schedule the buying of BTC in advance... I am less concerned about prescheduling selling, but it would be nice to be able to preschedule the triggering of BTC buys if the price goes below a certain price point. Currently, I will probably mostly just have to use a BTC price alarm to alert me if BTC prices go below a certain point.
