Too many people are waiting till the price drops. So the price never drops. And also never gets up. If you look at the order book on bitstamp, there are order with middle range five figures at 770$. And nobody is buying because they hope the price will go down. We will last in the 800´s forever 
I sold at 820$ yesterday, bought back at 800$... You can play this game since 2 days. But the fees are ruining it. As I made 340$ with 17 coins and the price difference of 20$, they charged 140$ on fees. 200$ win is may be not bad but the risk is very high that something happens after you sold.
I sold at 820$ yesterday, bought back at 800$... You can play this game since 2 days. But the fees are ruining it. As I made 340$ with 17 coins and the price difference of 20$, they charged 140$ on fees. 200$ win is may be not bad but the risk is very high that something happens after you sold.
How do you have such a high fee? To trade about 20 BTC I pay a MAXIMUM of 30 Dollars...
I trade on stamp and they charge me 70$ for selling and 70$ for buying. Fee´s are 0,5% even though on the landing page of Bitstamp they say 0,2%.
Where do you trade? I need some alternative.
Bullshit-Bingo
Code:
Fee % 30 days USD volume
0.50% < $500
0.48% < $1,000
0.46% < $2,000
0.44% < $4,000
0.42% < $6,500
0.40% < $10,000
0.38% < $15,000
0.36% < $20,000
0.34% < $25,000
0.32% < $37,500
0.30% < $50,000
0.28% < $62,500
0.26% < $75,000
0.24% < $100,000
0.22% < $150,000
0.20% > $150,000
0.50% < $500
0.48% < $1,000
0.46% < $2,000
0.44% < $4,000
0.42% < $6,500
0.40% < $10,000
0.38% < $15,000
0.36% < $20,000
0.34% < $25,000
0.32% < $37,500
0.30% < $50,000
0.28% < $62,500
0.26% < $75,000
0.24% < $100,000
0.22% < $150,000
0.20% > $150,000
I'm at bitstamp and I'm at the 0.2% ratio.
If you trade 20 BTC (16000 USD) Your fee should be:
32 USD To Buy or Sell...
You just haven't traded enough yet.
Well, time to move all coins from gox to stamp. Gox is still charging 0,6% on my account.
But anyway, you see the problem? If you want to make small profits, the fees are ruining it anyway. You pay 32$ on sell and 32$ on buy. So on 20 BTC´s the price must fall at least 4$ only to pay the fees. And the risk is high that you sell and wait for a price drop but the price goes up and at the wors scenario it will never come down again.
I have very clear plan if we go south and there's no panic even if I have to wake up middle of the night after smoking weed all evening... I gave you clear reason for my argument: People have not stopped buying and If you ask your whale friends, most of them are holding like mofo so... (or buying more).
