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Topic: MtGox fee to high? (0.65%) - page 3. (Read 8009 times)

legendary
Activity: 1050
Merit: 1000
You are WRONG!
June 02, 2011, 01:32:51 PM
#7
The fee CANNOT be too high, because if it was, the market would react.
OR the market is stupid and didn't know and therefor didn't reacte.
that why i wrote this post to make people know how much MtGox is earning.
legendary
Activity: 1400
Merit: 1005
June 02, 2011, 01:32:36 PM
#6
I'm beginning to hear this more and more, but if people are so unhappy with it, they should move to other exchanges.  Start posting up more bids/asks on other exchanges and TRY to be more active in those other exchanges by constantly updating your bid/ask prices to reflect current going market rates and that will encourage other people to join other exchanges as well.

MtGox has a monopoly on the exchange market.  Let's change that.  Not because I don't like MtGox, but because competition is a very healthy thing for a market/industry/economy.
hero member
Activity: 740
Merit: 500
Hello world!
June 02, 2011, 01:29:35 PM
#5
The fee CANNOT be too high, because if it was, the market would react.
full member
Activity: 126
Merit: 100
June 02, 2011, 01:28:20 PM
#4
my basic rule is that if i think a fee for anything is too high, i don't participate.

and i never get emotional about it.  life's too short to get angry at anything that isn't trying to kill you - which is, itself, a poor idea...
legendary
Activity: 1050
Merit: 1000
You are WRONG!
June 02, 2011, 01:17:28 PM
#3
you are free to use other exchanges.
example : https://bitcoin-central.net/
i know but MtGox is where things happen.
legendary
Activity: 1896
Merit: 1353
June 02, 2011, 01:16:54 PM
#2
you are free to use other exchanges.
example : https://bitcoin-central.net/
legendary
Activity: 1050
Merit: 1000
You are WRONG!
June 02, 2011, 01:13:53 PM
#1
just asking if you think if the fee on MtGox is too high.
i think its very high, and also thinks that MtGox is earning alot of eazy btc on it.
it might not be so high that it is a problem for you.
but i think MtGox should not take so much for it.

every time ther is traded 100 btc they earn 0.65 btc.
and there has been trading for around 96461 the last 2 days. it gives them 626 btc in fees in the last 2 days.

i dont like that! i think the fee should be around 0.05% its more fair. (it gives them a ~48.25btc/2day)

i know that its their choose, free market and all that stuff.
 
what do you think?
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