[BitFunder] Asset Exchange Marketplace + Rewritable Options Trading - page 36.

felente

full member

Activity: 147

Merit: 100

Quote from: Ukyo on August 03, 2013, 03:29:13 AM

Hey everyone,

A few people have made a suggestion about changing the tiers to be more like

0.5%
0.45%
0.4%
0.35%
0.3%
0.25%

And apply the fee to both buy and sell. It is the thought of a few people that free buy and fee'd sell is bad.

Thoughts? (Yes, I know several people will say lower the fees (and it will increase trades)) unfortunately as I have stated before, I spend way more out of pocket on lawyers at the moment and that is a large risk for me. I might consider doing it for a few days to see if it helps but I am not sure that results would be immediate.)

-Ukyo

do no think there is a need of it (just because of "few people")...
fees on one end are more convenient to do calculations AND to do initial investments.

lowering a fee maybe? Roll Eyes

i know that's another question, but this is really WORTH considering (and not waste time for god knows what, such as [0.5+0.5] vs [1.0] ect)

lunarboy

hero member

Activity: 544

Merit: 500

Hi Ukyo

Has anyone else reported a problem with the 'Auto Dividend Reinvestment' ?

It used to work fine on my account but since 22nd July it has failed to purchase anything despite having sufficient dividends received into the account.

I opened a support ticket but that was a few days back and no response so I thought I'd try my luck here.

Advice would be appreciated.

Thanks

(Ps I did try turning it off and on again Tongue

)

Exocyst

sr. member

Activity: 266

Merit: 250

Science!

Quote from: usagi on August 03, 2013, 05:22:07 AM

Quote from: Ukyo on August 03, 2013, 03:29:13 AM

Thoughts? (Yes, I know several people will say lower the fees (and it will increase trades)) unfortunately as I have stated before, I spend way more out of pocket on lawyers at the moment and that is a large risk for me. I might consider doing it for a few days to see if it helps but I am not sure that results would be immediate.)

-Ukyo

I'm not sure if your fees need to be lower, but I wish you would move to a maker-taker structure; people who post limit orders don't pay fees or pay reduced fees compared to people who place market orders. I think you would see it has a great effect on market liquidity.

+1

AND

the trading API...

pascal257

sr. member

Activity: 493

Merit: 262

Quote from: Ukyo on August 03, 2013, 03:29:13 AM

0.5%
0.45%
0.4%
0.35%
0.3%
0.25%

And apply the fee to both buy and sell. It is the thought of a few people that free buy and fee'd sell is bad.

I think that doesn't change anything. If you buy some stock, you will eventually sell it again.

But it would be interesting if the trade volume would then count for both buy and sale. I think adding more tiers or lowering the distance between each tier would increase trades.

usagi

vip

Activity: 812

Merit: 1000

13

Quote from: Ukyo on August 03, 2013, 03:29:13 AM

Thoughts? (Yes, I know several people will say lower the fees (and it will increase trades)) unfortunately as I have stated before, I spend way more out of pocket on lawyers at the moment and that is a large risk for me. I might consider doing it for a few days to see if it helps but I am not sure that results would be immediate.)

-Ukyo

I'm not sure if your fees need to be lower, but I wish you would move to a maker-taker structure; people who post limit orders don't pay fees or pay reduced fees compared to people who place market orders. I think you would see it has a great effect on market liquidity.

Ukyo

sr. member

Activity: 448

Merit: 250

Quote from: stereotype on August 03, 2013, 04:09:18 AM

Do people really have issue with the fees? Im not convinced shaving off fractions of a percent of the current rate, encourages someone to trade more. For me, thats a flawed reason for taking a trade in the first place considering we are accustomed to, and account for, spreads of 5%, 10%, and more.

Actually, in this example the fee's are almost the same, except that it changes it from seller only, to buyer and seller.
I have to admit that free to buy does pose a lot of conditional issues with doing other things on the site.

Quote from: ArcticWolf on August 03, 2013, 04:12:17 AM

In my personal opinion the fee structure isn't the issue, the main issue is it takes so long waiting on 6 confirmations to deposit into we exchange. That make arbitrage almost impossible. If the confirmations required was dropped to 3 I think there would be more people arbing and that would increase liquidity.

While I can not bring myself to lower the standard 6 confirms, I do have a few things in the works that will help out for moving btc in and out of BF faster, esp for arb.

-Ukyo

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: ArcticWolf on August 03, 2013, 04:12:17 AM

In my personal opinion the fee structure isn't the issue, the main issue is it takes so long waiting on 6 confirmations to deposit into we exchange. That make arbitrage almost impossible. If the confirmations required was dropped to 3 I think there would be more people arbing and that would increase liquidity.

Just a thought

Like that ^ !

ArcticWolf

full member

Activity: 196

Merit: 100

In my personal opinion the fee structure isn't the issue, the main issue is it takes so long waiting on 6 confirmations to deposit into we exchange. That make arbitrage almost impossible. If the confirmations required was dropped to 3 I think there would be more people arbing and that would increase liquidity.

Just a thought

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: Ukyo on August 03, 2013, 03:29:13 AM

Hey everyone,

A few people have made a suggestion about changing the tiers to be more like

0.5%
0.45%
0.4%
0.35%
0.3%
0.25%

And apply the fee to both buy and sell. It is the thought of a few people that free buy and fee'd sell is bad.

Thoughts? (Yes, I know several people will say lower the fees (and it will increase trades)) unfortunately as I have stated before, I spend way more out of pocket on lawyers at the moment and that is a large risk for me. I might consider doing it for a few days to see if it helps but I am not sure that results would be immediate.)

-Ukyo

Hey Ukyo

Do people really have issue with the fees? Im not convinced shaving off fractions of a percent of the current rate, encourages someone to trade more. For me, thats a flawed reason for taking a trade in the first place considering we are accustomed to, and account for, spreads of 5%, 10%, and more.

If increasing trades and liquidity is the issue, maybe users/potential users want and need other tweaks and changes??

Just my thoughts.

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

If you make the tiers start around 0.4-0.45% then I would support this change. If it is going to be half the fee but on buy and sell then I would rather you keep it the way it is.

Ukyo

sr. member

Activity: 448

Merit: 250

Hey everyone,

A few people have made a suggestion about changing the tiers to be more like

0.5%
0.45%
0.4%
0.35%
0.3%
0.25%

And apply the fee to both buy and sell. It is the thought of a few people that free buy and fee'd sell is bad.

Thoughts? (Yes, I know several people will say lower the fees (and it will increase trades)) unfortunately as I have stated before, I spend way more out of pocket on lawyers at the moment and that is a large risk for me. I might consider doing it for a few days to see if it helps but I am not sure that results would be immediate.)

-Ukyo

piecinitup

full member

Activity: 158

Merit: 100

Can someone advise me about losing my 2 Factor for login? I'm running iOS 7 on my iphone and obviously google auth isn't updated and got screwed up. (each time I added a new account key, any others would get deleted)

I have no assets nor any funds in Bitfunder yet so there is no incentive for hack. I pmed Uyko, no avail.

Thanks

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: ffssixtynine on July 30, 2013, 09:03:37 AM

Quote from: VolanicEruptor on July 29, 2013, 08:44:53 PM

Quote from: VolanicEruptor on July 29, 2013, 03:35:04 PM

I finally sucked up my loss and switched to BTCT. So glad to be out of BF

I forgot about this post.. I could have used this when people were burning me at the stake in the activemining thread

I burned you at the stake. All I can see left is a charred skull Wink

I don't remember you.. hmm maybe you were one of them, it was a bunch of people

Ukyo

sr. member

Activity: 448

Merit: 250

Quote from: navitatl on July 30, 2013, 11:44:18 AM

When withdrawing from WeExchange I received the message "Could not connect to 2nd stage server" rather than "withdrawal succeeded". The withdrawal shows up in my transactions list, but has been processing for a long time. Is this normal?

Heya,

No, you should see your transaction.
Cab you open a support ticket so it can be checked?

-Ukyo

navitatl

member

Activity: 119

Merit: 10

When withdrawing from WeExchange I received the message "Could not connect to 2nd stage server" rather than "withdrawal succeeded". The withdrawal shows up in my transactions list, but has been processing for a long time. Is this normal?

Pompobit

hero member

Activity: 736

Merit: 508

I'm sorry if it has already been asked:

I'd like a clock somewhere in the page and/or I would like to have the ability to change timezone.

ffssixtynine

sr. member

Activity: 364

Merit: 250

Quote from: VolanicEruptor on July 29, 2013, 08:44:53 PM

Quote from: VolanicEruptor on July 29, 2013, 03:35:04 PM

I finally sucked up my loss and switched to BTCT. So glad to be out of BF

I forgot about this post.. I could have used this when people were burning me at the stake in the activemining thread

I burned you at the stake. All I can see left is a charred skull Wink

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: VolanicEruptor on July 29, 2013, 03:35:04 PM

I finally sucked up my loss and switched to BTCT. So glad to be out of BF

I forgot about this post.. I could have used this when people were burning me at the stake in the activemining thread

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: burnside on July 29, 2013, 04:26:37 PM

Quote from: ffssixtynine on July 29, 2013, 04:14:37 PM

Btcinvest and addiction volumes look wrong?

Addiction 24 hr vol right now: 7,655 (฿4091.28694106)

That means they're trading on average at ~0.53? Seems like something going on. Options maybe somehow?

Theres more than one other share issue, that has too much volume also. The high/low hasn't been right for months. Sad

Pale Phoenix

sr. member

Activity: 420

Merit: 250

^^This has to be related to options because a look through the actual trade history tells an entirely different story. It also has the unfortunate effect of rendering the 24/48 hour high completely useless.

Topic: [BitFunder] Asset Exchange Marketplace + Rewritable Options Trading - page 36. (Read 129490 times)