CALL to all major exchanges, temporally waive trading fees, so we can recover - page 2.

Wilikon

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minds.com/Wilikon

Quote from: CryptoPanda on February 25, 2014, 09:01:25 AM

I'm asking all major exchanges to temporally lower or waive all trading fees. This will do 2 things.
1. Increase trading volume and increase the price.
2. Show the world that we are united community and can act together in hard times. Coordinated move like that will get TON of positive press.

We know from the bright example of BTC china that it works. Infact they did it again just yesterday. The fee there is just 0.1 now.
6 of the big exchanges already united behind a position about mtgox, I'm asking them to do the same with the trading fees now.

Please if you know someone at any of them call or email them, tell them about the idea or point them to that thread.
I really believe that this move alone, could recover the price fast.

It's good to be the King of Bitcoin

bitgeek

sr. member

Activity: 462

Merit: 251

Price is recovering as we speak without your low fees.

Meuh6879

legendary

Activity: 1512

Merit: 1012

OP live in a dream ? Grin

transaction exchange fee is why platform don't crash.
like virvox ... rock stable, rock 9% of fee ... it's a choice.

Musent

sr. member

Activity: 266

Merit: 250

The price will recover without doing away with fees. It already is recovering.

DeathAndTaxes

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Gerald Davis

Quote from: CryptoPanda on February 25, 2014, 10:54:50 AM

Quote from: jbrnt on February 25, 2014, 10:29:27 AM

Waiving fee does nothing to recover confidence, and surely will not help people get their coins back

It increases trade volume, that increases price.
Nobody is talking about getting bitcoins back, but recovering the price.

Higher trading volume doesn't mean higher price. Price can decline on increasing volume. It frequently does in a crash.

CryptoPanda

sr. member

Activity: 910

Merit: 302

Quote from: franky1 on February 25, 2014, 10:34:44 AM

if you cannot make funds in the current system then maybe trading isnt for you.

i will however give some good advice..

do not concentrate on the big bitcoin/dollar market.

play the altcoins, that way you are taking the bitcoin away from the sell orders of FIAT, (much like hoarding creates demand) allowing bitcoin/fiat prices to rise due to lack of sell orders. and profitting on the altcoins in the meantime.

there are a few altcoins that are worth 1 satoshi. meaning buying at the lowest price possible means no chance of any further loss. and selling just one order line above it. (2satoshi price) doubles your funds.

its called playing the markets. and seeing as altcoins are useless in any real life practical way, there is no harm in playing with them purely for profit

I don't trade for profit. I'm just suggesting a way to help recover the BTC price.

CryptoPanda

sr. member

Activity: 910

Merit: 302

Quote from: jbrnt on February 25, 2014, 10:29:27 AM

Waiving fee does nothing to recover confidence, and surely will not help people get their coins back

It increases trade volume, that increases price.
Nobody is talking about getting bitcoins back, but recovering the price.

Musent

sr. member

Activity: 266

Merit: 250

I voted no. Wouldn't help at all.

franky1

legendary

Activity: 4410

Merit: 4766

if you cannot make funds in the current system then maybe trading isnt for you.

i will however give some good advice..

do not concentrate on the big bitcoin/dollar market.

play the altcoins, that way you are taking the bitcoin away from the sell orders of FIAT, (much like hoarding creates demand) allowing bitcoin/fiat prices to rise due to lack of sell orders. and profitting on the altcoins in the meantime.

there are a few altcoins that are worth 1 satoshi. meaning buying at the lowest price possible means no chance of any further loss. and selling just one order line above it. (2satoshi price) doubles your funds.

its called playing the markets. and seeing as altcoins are useless in any real life practical way, there is no harm in playing with them purely for profit

jbrnt

hero member

Activity: 672

Merit: 500

Waiving fee does nothing to recover confidence, and surely will not help people get their coins back

CryptoPanda

sr. member

Activity: 910

Merit: 302

Quote from: whtchocla7e on February 25, 2014, 09:09:26 AM

That's price manipulation.

everything is

CryptoPanda

sr. member

Activity: 910

Merit: 302

Quote from: softbluelight on February 25, 2014, 09:08:19 AM

Making all exchange's funds completely transparent in such a way that does not hinder security would do significantly more than lowering transaction fees. Transaction fees are high as is (considering the ridiculous amount of money exchanges make in one day). Lowering them won't permanently fix anything. A united front, more stress on security & customer service, and transparency can.

Nothing will make the price go back up to 1K today. Time will heal some wounds but unity and transparency will make Bitcoin stronger.

yeah but is expecting that from all of them realistic?
temporally waiving the fees is much more doable, and doable now

Sage

hero member

Activity: 632

Merit: 500

The free market will sort itself out.

What we need is a truly decentralized exchange.

In the meantime, now's the time to be buying.

Thanks Gox for the cheap coins. Sorry you had to screw so many to get my orders filled at these prices.

whtchocla7e

full member

Activity: 392

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Worlds Simplest Cryptocurrency Wallet

That's price manipulation.

softbluelight

newbie

Activity: 18

Merit: 0

Making all exchange's funds completely transparent in such a way that does not hinder security would do significantly more than lowering transaction fees. Transaction fees are high as is (considering the ridiculous amount of money exchanges make in one day). Lowering them won't permanently fix anything. A united front, more stress on security & customer service, and transparency can.

Nothing will make the price go back up to 1K today. Time will heal some wounds but unity and transparency will make Bitcoin stronger.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

no

CryptoPanda

sr. member

Activity: 910

Merit: 302

I'm asking all major exchanges to temporally lower or waive all trading fees. This will do 2 things.
1. Increase trading volume and increase the price.
2. Show the world that we are united community and can act together in hard times. Coordinated move like that will get TON of positive press.

We know from the bright example of BTC china that it works. Infact they did it again just yesterday. The fee there is just 0.1 now.
6 of the big exchanges already united behind a position about mtgox, I'm asking them to do the same with the trading fees now.

Please if you know someone at any of them call or email them, tell them about the idea or point them to that thread.
I really believe that this move alone, could recover the price fast.

Topic: CALL to all major exchanges, temporally waive trading fees, so we can recover - page 2. (Read 3027 times)