Bitcoin Forum

I have noticed others that are curious as to why this was happening too.
Everytime I bought and sold on mtgox the trade charge was 1.3%.

that is double.

Then it crashed sunday night.

will anyone else confirm this was happening to them?

did anyone even notice this was happening?

>.<


You are charged 0.65%

if you bought AND sold, you are charged 0.65% twice. Thus 1.3%


That is basic knowledge for daytraders.

How did this not register with you?


EACH TRADE, BUY AND SELL were being charged 1.3%.

Ok, I am not understanding you.


If you only bought BTC, you got charged 1.3%?

Yes,

place a sell for 25 BTC

you sell

25BTC plus (1.3%) = 25.01300 sold.

you place a buy for 25 BTC

you buy

25BTC minus (1.3%) = 24.98700 bought.

had this happening all over my logbook during the weekend.

That isn't even 1.3%. What are you smoking? 1.3% of 25 is .325, not .013. If you are going to troll something random, at least get the math right. Looks like you were only being charged .052%, awesome. That's 12.5 times less then you are supposed to be. Not to mention when you sell, the .65% is taken out of your new USD, not added to the bitcoins you sell. I'm going to go out on a limb and say you've never sold on mt gox.

That is hilarious

http://www.google.com/search?q=1.3%26+of+25&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#sclient=psy&hl=en&safe=off&client=firefox-a&hs=A9N&rls=org.mozilla:en-US%3Aofficial&source=hp&q=25+plus+1.3%25&aq=f&aqi=&aql=&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=905e9081899b75b1&biw=982&bih=611

that shit ^ right there is a calculator.

see:

25 "plus" (1.3%) = 25.01300 <--------THAT MUCH

Lol, so you used google and it lead you astray. Try this:

http://www.google.com/search?q=1.3%26+of+25&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#sclient=psy&hl=en&safe=off&client=firefox-a&rls=org.mozilla:en-US%3Aofficial&source=hp&q=25+times+101.3%25&aq=f&aqi=&aql=&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=951dc7972bfd90fb&biw=1440&bih=791

or this:

http://www.google.com/search?q=1.3%26+of+25&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#sclient=psy&hl=en&safe=off&client=firefox-a&rls=org.mozilla:en-US%3Aofficial&source=hp&q=25+plus+1.3%25+of+25&aq=f&aqi=&aql=&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=951dc7972bfd90fb&biw=1440&bih=791

HAHAHAHA

either trolling or failed out of grade school

You can't argue with a calculator.

Rofl you actually calculated 25 plus 1 * 1.3/100 :D
So you summed 1.3 hundredth to your 25 instead of summing 101.3 * 25 / 100

>>> http://lmgtfy.com/?q=101.3%25+of+25

PUTA QUE O PARIU QUE CARA BURRO DU KCT!!!!

Sorry, I had to let out that after this.

http://www.google.com/search?q=25+plus+%281.3%25%20of%2025%29

But regardless, I don't think that was the point - I'm assuming that lighter previously calculated that trades were charging 1.3 and was just attempting to make an example but failed on the calculation.

calculator troll fail

Well I don't trust his calculations after seeing that. I even pointed out his mistake and he stuck to it.

even if I suck at calculator.

it was happening.

I was being charged 1.3% each trade.

I haven't had much sleep.

if I had the CSV in front of me I could show you.

Yeah, I really believe you now. Especially since you've such a great grasp of mathematics and how mt gox takes commission.

http://img703.imageshack.us/img703/8728/owlorlyk.jpg (http://imageshack.us/photo/my-images/703/owlorlyk.jpg/)

when I noticed it I typed "25 minus 0.65%" into google.

the result was different than my logbook, it didn't make sense.

so i typed "25 minus 1.3%" and it matched.

I don't care if you believe me or not.

If Mt. Gox still has the CSV associated with my account I'll show you.

Damn, you guys made me feel like a retard for a bit.

That wasn't very nice.

It is wrong to google "25 minus 1.3%".

wrong: 25 minus 1.3% = 24.98700 ==> -0,052%
right: 25 minus (1.3% of 25) = 24.67500 ==> -1,3%

25 minus (0,65% of 25) = 24,8375

i think you owe an apology to mtgox

That makes sense, thank-you very much.

"25 minus 1.3%" gives you the wrong value, you need to type "25 minus 1.3% of 25". So if your story is true, it does not mean that mt gox was charging 1.3%. You just got your numbers wrong.

Honestly, the google thing looks like a bug. It should be able to calculate "25 minus 1.3%" correctly. So it isn't completely your fault.

Did your trades happen to be for 2 btc, because if so then your story checks out, the numbers are just wrong because of google.

Guys, cut the crap and go buy or borrow a caclulator:

http://www.calculators-online.co.uk/index.jsp (http://www.calculators-online.co.uk/index.jsp)

This thing WORKS !!!! It can even calculate percentages for you. Google's calc is for code-junkies !!!

I got some similar models for sale at 0.1 BTC (worldwide shipping included).

I was making a lot of trades between 1-39BTC trying to figure out how the bots were working with the percentages, while also trying to get back to my 50BTC I started with.
Was also trying to learn how to beat the bots who were setting up and making huge amounts of sub BTC (0.00XXX) trades.

As You, Savaron and benCoder showed me, I was in error.

I was going to explain my daytrading pattern...

But that would defeat the whole point of it.

But, good that now you understood.