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Title: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: Elwar on July 22, 2011, 08:13:48 PM 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. Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: notme on July 22, 2011, 08:35:49 PM 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.
Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: S3052 on July 23, 2011, 06:04:28 PM 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. Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: Cluster2k on July 24, 2011, 02:47:29 PM 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. Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: kiwiasian on July 25, 2011, 12:37:45 AM Large trades are more probable at 0% than 0.65%...
Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: angelo95 on July 25, 2011, 01:49:27 PM 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. Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: SlipperySlope on July 25, 2011, 05:28:10 PM I have been watching http://bitcoin.clarkmoody.com/order-book/# (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?
Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: Sannyasi on July 25, 2011, 05:43:22 PM 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 Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: angelo95 on July 26, 2011, 09:57:34 PM I have been watching http://bitcoin.clarkmoody.com/order-book/# (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? Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: notme on July 26, 2011, 11:23:37 PM I have been watching http://bitcoin.clarkmoody.com/order-book/# (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. Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: geek-trader on July 27, 2011, 01:28:13 AM It's now. My trade fee is now 0.3%, instead of 0.0% :'(
Title: Re: Price rise after the 25 day MtGox 0% trade fee is lifted Post by: Bitcoin Swami on July 27, 2011, 01:46:12 AM It's now. My trade fee is now 0.3%, instead of 0.0% :'( Time to turn off your bot trader, and join us real bulls who click with mouses. Thats manly. |