Author

Topic: Price rise after the 25 day MtGox 0% trade fee is lifted (Read 2356 times)

full member
Activity: 182
Merit: 100
It's now.  My trade fee is now 0.3%, instead of 0.0%   Cry

Time to turn off your bot trader, and join us real bulls who click with mouses.  Thats manly.
sr. member
Activity: 294
Merit: 250
It's now.  My trade fee is now 0.3%, instead of 0.0%   Cry
legendary
Activity: 1904
Merit: 1002
I have been watching http://bitcoin.clarkmoody.com/order-book/# today and it appears that the typical spread between bid and ask orders is greater than $0.04. Is it possible that Mt Gox commissions are now 0.3 percent for all traders?

This was supposed to be tomorrow, wasn't it?

It is tomorrow... It's just risky right now.  Regardless, tomorrow starts in like 40 minutes in bitcoinland.
member
Activity: 84
Merit: 10
I have been watching http://bitcoin.clarkmoody.com/order-book/# today and it appears that the typical spread between bid and ask orders is greater than $0.04. Is it possible that Mt Gox commissions are now 0.3 percent for all traders?

This was supposed to be tomorrow, wasn't it?
sr. member
Activity: 454
Merit: 250
We need to concentrate on real world bitcoin services and uses to attract people.  Trying to attract more money any other way just looks like members of a pyramid scheme trying to get more funds into the system.

THIS.

first make easier to use
hero member
Activity: 686
Merit: 501
Stephen Reed
I have been watching http://bitcoin.clarkmoody.com/order-book/# today and it appears that the typical spread between bid and ask orders is greater than $0.04. Is it possible that Mt Gox commissions are now 0.3 percent for all traders?
member
Activity: 84
Merit: 10
We need to concentrate on real world bitcoin services and uses to attract people.  Trying to attract more money any other way just looks like members of a pyramid scheme trying to get more funds into the system.

THIS.
full member
Activity: 168
Merit: 100
Large trades are more probable at 0% than 0.65%...
legendary
Activity: 1692
Merit: 1018
To get sustainable BTCUSD price rallies, more investors / traders need to join and add funds.

This is a key area the community could focus on.


We need to concentrate on real world bitcoin services and uses to attract people.  Trying to attract more money any other way just looks like members of a pyramid scheme trying to get more funds into the system.
legendary
Activity: 2100
Merit: 1000
To get sustainable BTCUSD price rallies, more investors / traders need to join and add funds.

This is a key area the community could focus on.

legendary
Activity: 1904
Merit: 1002
Right.  We will have much less liquidity, so imbalances will build up longer before correcting.  Movement will be more jerky, but not necessarily up or down.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
As of July 1 MtGox set their trade fee to 0% for 25 days. This has resulted in a lot of small trades with very few fluctuations with a slow steady decline in price as traders take their small profits and cash out.

I believe that on July 26, when that is lifted you will see more people just holding their BTC instead of trading a few pennies here and there and the trades will be larger with larger swings.

This could be the start of another uptrend as investors buy and hold for larger swings.

This could result in another $35 spike like we saw in June.
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