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Date/Time: Tue, 23 Jan 2018 04:18:16 +0000



Post From: Crypto Currency Development Plans

[2017-11-26 22:56:42]
Sierra Chart Engineering - Posts: 56389
Regarding the crypto currency markets, we have many requests, to add data feeds and trading support for the different exchanges, and improve integration to the existing data feeds we have. Sierra Chart does currently support many crypto currency data feeds but we do need to improve the integration to them and add trading support


We are currently working on all of this.


Trading is currently supported through BitMEX:
https://www.sierrachart.com/index.php?page=doc/BitMEX_Trading.php

We are working on direct trading integration to BitMEX instead of through the current Intermediary software layer which exists.

We are also working on improving the data feed to Bitfinex.

We are expanding our the number of developers in order to support this so it does not affect our current ongoing development of Sierra Chart.

While we do not want to go into a lot of details, and we only have at this time general concepts, we are also looking to develop complete trading and platform technology for crypto currency markets.

Recent report about Bitcoin price:
http://www.zerohedge.com/news/2017-11-26/bitcoin-soars-above-9000-hits-new-all-time-high-burst-asian-buying

From our perspective, fundamentally Bitcoin does not really make any sense because it is grossly inefficient. We believe a crypto currency needs to have some form of asset backing and be efficient. It does not mean that we are against Bitcoin but ultimately it is going to fail and something more sensible is going to replace it.

There are some very good articles about the power consumption to process a single Bitcoin transaction, and the amount of energy needed to mine an ounce of gold. Why gold is not at 10,000 USD an ounce at this time, is simply due to price suppression:
http://www.gata.org/
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2017-11-26 23:30:36