News for hackers. Stuff that matters.
Re:Beta Testers Needed for StockTwits Alternative by Afrah123 on Sunday September 24, 2023 @06:33AM (#37631835)
Your concern is valid. For top traders, the platform provides an additional revenue stream ($$$) through subscriptions from users who value their expertise.

At the same time, less experienced traders can access valuable insights, creating a win-win dynamic where "legitimate traders" are rewarded for their knowledge, and others gain insights/real time trades to enhance their trading skills.

Would you like to try out the platform?

Re:Beta Testers Needed for StockTwits Alternative by ezero on Sunday September 24, 2023 @06:54AM (#37631960)
The original description sounds like it’s about subscribing to buy/sell signals. Your response here still sounds like a more carefully worded version of that.

Reacting to real time trades easily leads to emotional decisions and that’s one of the biggest things traders struggle with. It just goes against everything I appreciate about trading so no I’m not interested.

Re:Beta Testers Needed for StockTwits Alternative by Afrah123 on Sunday September 24, 2023 @06:59AM (#37631982)
It's a microblogging site to see what others are buying and selling, and to learn from their content, not just blindly copy each trade in real time trade. You don't have to "react" to any trades.

But I totally understand, not a problem ezero :)

Re:Beta Testers Needed for StockTwits Alternative by codingdave on Sunday September 24, 2023 @08:36AM (#37632553)
What scale is this revenue? I find it hard to imagine that subscription revenue could hold a candle to the income already generated by "top" traders. Do you have traders already working with you that have expressed interest in being followed via this product?
Re:Beta Testers Needed for StockTwits Alternative by Afrah123 on Sunday September 24, 2023 @08:43AM (#37632608)
I know of several traders in various online communities, outside of our platform, who are already successfully earning tens of thousands of dollars per month by promoting themselves on Discord and Telegram servers.

It's this demonstrated success and the enthusiastic interest from traders that inspired the creation of this platform. We have a growing waitlist of traders who are eager to leverage our platform as a secondary income source.

Re:Beta Testers Needed for StockTwits Alternative by codingdave on Sunday September 24, 2023 @09:16AM (#37632840)
Now I'm even more confused. Promoting oneself on discord doesn't bring direct revenue. How is that turning into 10s of thousands a month?

Are you sure they are interested in your platform for its revenue, and not as a marketing tool?

Re:Beta Testers Needed for StockTwits Alternative by Afrah123 on Sunday September 24, 2023 @09:26AM (#37632913)
What I meant to say was "they run their own signals servers on platforms like discords".

There is more interest from individuals without an audience on our waitlist than ones already with servers that are already making money.

Re:Beta Testers Needed for StockTwits Alternative by codingdave on Sunday September 24, 2023 @09:32AM (#37632959)
Still confused. Running a signals server is revenue? Are people paying them for access to the tune of 10s of thousands a month? If not, this sounds sketchy again - smells like a mechanism for pump & dump schemes.
Re:Beta Testers Needed for StockTwits Alternative by Afrah123 on Sunday September 24, 2023 @09:44AM (#37633053)
I totally get your disbelief, but it's a real thing! Experienced traders share their strategies and ideas online and many are making bank! Whether their trades are successful or not is a different question - that's why I'm creating my platform as a way to verify traders' performance before joining their paid community.
Re:Beta Testers Needed for StockTwits Alternative by shyn3 on Monday September 25, 2023 @12:32PM (#37646568)
I pay $1500 a month for a discord room and it has 4500 people in the basic level. The top level is $10,000
Re:Beta Testers Needed for StockTwits Alternative by Afrah123 on Monday September 25, 2023 @12:39PM (#37646671)
Wow, that sounds like quite an investment for a Discord room! I'd love for you to explore our platform as well. Send me a message on Twitter (@afrahtweets), and I'll be happy to provide you with an opportunity to try out our platform and see how it compares to your current Discord experience