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Title: Cost per tranaction Post by: btchaver on April 10, 2013, 09:00:55 PM If the price per bitcoin goes up then wont the price to buy and sell they go up respectively thus making more expensive to trade them. I mean what good is it if it cost too much to buy and sell them deeming them not as useful as they were when they were cheap and lower in price. I dont understand what usefulness they would have to a consumer if it costs as much as a bank that is fdic insured. They do go up but how much can they go up if they cost to much to trade or cash in then they wont be worth too much in respect. What do you think.
Title: Re: Cost per tranaction Post by: Rassah on April 10, 2013, 09:09:48 PM The price is a percent (%) of value being traded, not a fixed price. If you are buying/selling $100USD worth of bitcoins, the fee (0.6% of that $100USD) is the same regardless of whether a bitcoin is worth $1 or $1,000.
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