Right now it supports just text messages and you have to subscribe for at least a month. Would you appreciate an option for email reports as well? Lets say without need of subscription or with a small fee?
What about a tiny forum, where you can discuss the news being reported?
Topic: Serious news by text messages [new community service] (Read 1797 times)
What are some of the better apps out there? Any recommendations?
I like "Bitcoin Checker" on Android as it is free and can check multiple exchanges, with multiple custom alerts for both lower and upper bounds.I like eCoin on Android because it can check multiple altcoins, not only Bitcoin.
And I guess most of us do own Bitcoin as well as some altcoins.
But this app does not have custom alerts, and this may be a room for improvement.
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By the time you realize there is an issue and manually put out a text message, every automated BOT in existence will have already executed a trade. Not to mention by the time your recipients get the text and react everyone else would have already got a twitter feed and reacted sooner. I see no benefit in your system.
A tool that prevents you from panic selling would be more valuable.
very funny, I wish I had such a tool, once I was very stupid being in a hurry sold too much 
If you panic sell before most, wait a little bit, you can buy back and have more bitcoins.
And who would determine what to be bad news or good news, and how could we trust that person. What when this person sleeps. Is there going to be a dedicated team doing this? Or if it is crowdsourced, how do we only get trustworthy people into the system?
This is a community project, if it is good service or bad is up to people who are joining it. There are people with common goal. You have always trust someone at some point when joining anything. Even exchanges, who guarantee you that someone in charge of exchange won't steal your money there? Goxed people could talk about that I think, there is always some portion of trust. BTC report service is not some ultimate tool with guarantees you will be alerted always in time. This tool couldn't exist. It is up to you people, how good it will be. I have faith in Bitcoin community.By the time you realize there is an issue and manually put out a text message, every automated BOT in existence will have already executed a trade. Not to mention by the time your recipients get the text and react everyone else would have already got a twitter feed and reacted sooner. I see no benefit in your system.
A tool that prevents you from panic selling would be more valuable.
very funny, I wish I had such a tool, once I was very stupid being in a hurry sold too much What are some of the better apps out there? Any recommendations?
I like "Bitcoin Checker" on Android as it is free and can check multiple exchanges, with multiple custom alerts for both lower and upper bounds. You know there are loads of Android apps for alerting on exchange prices, right? SMS could be an option for those without smart phones, but as a smart phone owner I prefer the app.
What are some of the better apps out there? Any recommendations?
It could just as well work with sending out e-mails. Most phones can receive e-mails these days.
Not everyone is always connected to the internet though.
And who would determine what to be bad news or good news, and how could we trust that person. What when this person sleeps. Is there going to be a dedicated team doing this? Or if it is crowdsourced, how do we only get trustworthy people into the system?
Not everyone is always connected to the internet though.
And who would determine what to be bad news or good news, and how could we trust that person. What when this person sleeps. Is there going to be a dedicated team doing this? Or if it is crowdsourced, how do we only get trustworthy people into the system?
By the time you realize there is an issue and manually put out a text message, every automated BOT in existence will have already executed a trade.
I don't think that majority of traders use automated BOTs, it is rather opposite. I am not saying that the system will give you heads up hours before something happens, but it can save you some precious minutes when something is already happening. Don't you think?I think this could be a great idea if you were the central news source sending out text messages with IMPORTANT updates.
I'm home almost all day, and hardly miss any news as reddit or twitter is usually up, but when im not home id love to have some updates sent to my mobile instead of having to stare at the small screen and hurt my head trying to read a lot.
I'm home almost all day, and hardly miss any news as reddit or twitter is usually up, but when im not home id love to have some updates sent to my mobile instead of having to stare at the small screen and hurt my head trying to read a lot.
Big news usually starts as a rumor, followed by denial, and then confirmation by an authority. This happened during the China crash with leaked weibo messages and the Gox crash with leaked documents. Central news sources are always late waiting for full confirmation, by that time most of the market action already occurred.
I think this could be a great idea if you were the central news source sending out text messages with IMPORTANT updates.
I'm home almost all day, and hardly miss any news as reddit or twitter is usually up, but when im not home id love to have some updates sent to my mobile instead of having to stare at the small screen and hurt my head trying to read a lot.
I'm home almost all day, and hardly miss any news as reddit or twitter is usually up, but when im not home id love to have some updates sent to my mobile instead of having to stare at the small screen and hurt my head trying to read a lot.
By the time you realize there is an issue and manually put out a text message, every automated BOT in existence will have already executed a trade. Not to mention by the time your recipients get the text and react everyone else would have already got a twitter feed and reacted sooner. I see no benefit in your system.
A tool that prevents you from panic selling would be more valuable.
Usually there is insider trading before announcements are even made. The Gox fiasco was full of that, so using simple price alerts is almost as efficient as this system..
By the time you realize there is an issue and manually put out a text message, every automated BOT in existence will have already executed a trade. Not to mention by the time your recipients get the text and react everyone else would have already got a twitter feed and reacted sooner. I see no benefit in your system.
It will just reach the minimum faster and the market price will thus reflect the "true" price sooner than without such a service (where i have to way until i have time to check google news).
That's probably right, good thinking. Its a bad idea, you have to think that if everyone is signed up, they will all dump, and crash it more. You may want to look into insider trading to make sure its not connected.
Im not so sure if this really leads to more drastic crashes (lower minimal values). It will just reach the minimum faster and the market price will thus reflect the "true" price sooner than without such a service (where i have to way until i have time to check google news). Fundamental indicators are used by fiat-world-traders all the time and thats not bad. In the end liquidity and fast trades establishing market prices quickly are good things that could still be enhanced in the bitcoin world. Its a bad idea, you have to think that if everyone is signed up, they will all dump, and crash it more.
You are right. That's why I wrote in original post: "This concept is not very healthy for the market, it can make price drops even bigger, so I will limit number of groups that can be made this way." Simply put I won't allow this site to grow that big. 
Its a bad idea, you have to think that if everyone is signed up, they will all dump, and crash it more. You may want to look into insider trading to make sure its not connected.
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