0% fees are good in flat markets, I don't particularly care about fees when big swings are imminent. If I'm making 15-20% on a trade, I don't really care about 0.5% fees.
0.5% would be quite acceptable, I've been dealing with 1.5%, which is mostly why I'm no longer trading. Hodling only now. I'm curious seleme, do you think the 0% fee structure will take over and become the norm? It certainly seems like the asian markets are going that way. |
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how much value can you give to volume if there are no fees?
I didn't state any value, those are the numbers and I believe they are mostly real trades between competing traders. However, I wrote earlier why I think that those numbers do matter: https://bitcointalk.org/index.php?topic=178336.msg5801780#msg5801780Zero fees explain the larger volume, but do not make it irrelevant. If McDonalds had 10 times the sales than Burger King by offering free drinks, this reason would not make their sales less significant. Thanks, but I think if you actually traded on a site that had fees, and then traded on a site that had none, you might have a better understanding of what I'm talking about. Seriously, there is something to be said for street learning *meaning go out there and just do it, get your feet wet* vs book learning *an academic interest only* |
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Hi JorgeStolfi
how much value can you give to volume if there are no fees?
thanks
I am pretty sure that my trading inclination is much affected upon the size of the fee(s)... and zero fees would turn me into a trading hawk... rather than a trading dove. I get scared by BTC-e's measly .2% fee.... .b/c I figure that I gotta make .4% just to break even... and stamp is like .5% for the little rollers, like me, and coinbase charges me 1% (even though that is NOT technically trading).. These fees all add up to disincentives, at least for me. Maybe any measurement of exchange volume should be adjusted based on the size of the fee..... especially if comparing one exchange to another. yeah, I guess you kinda summed it up. When I consider the kind of swings I need on Virtex with 1.5% fees, I mean, 0% fees is a freakin' playground. I don't think you can take anything serious there. |
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Hi JorgeStolfi
how much value can you give to volume if there are no fees?
thanks
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Thank you, that's a cool site. But it doesn't explain why I got nothing but 502 errors for like an hour straight, maybe cuz I'm in canada it's just the harper checking out my shit, I dunno *edit* 502'd me again as I tried to post... as long as I wait long enough between refreshes, it seems to let the odd one through. Have you tried this http://canadianoutages.com/companies? Thanks again, a nice site, but I think the main benefit to that site is the fact that they take note of the providers, which is nice to get a review of each provider and how stable they are. Unfortunately, I do not see bitcointalk listed in the companies they track, and if I'm having problems with my provider, then I probably can't get to that site either. When the problem is on my end, it get's very cold, very quick. I don't need a website to verify there is a problem. I like the isitdownrightnow one tho, |
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Thank you, that's a cool site. But it doesn't explain why I got nothing but 502 errors for like an hour straight, maybe cuz I'm in canada it's just the harper checking out my shit, I dunno I'm getting 502s too in Bosnia. Try here next time http://www.isitdownrightnow.com/bitcointalk.org.html (*edit: I apologize for being a bit snarky there, that website is actually very cool, once you realize that it's not working because your not allowing the scripts (doh) |
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Thank you, that's a cool site. But it doesn't explain why I got nothing but 502 errors for like an hour straight, maybe cuz I'm in canada it's just the harper checking out my shit, I dunno *edit* 502'd me again as I tried to post... as long as I wait long enough between refreshes, it seems to let the odd one through. |
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oh boy, here we go again, I'm getting 502 errors on bitcointalk and bitcoinwisdom keeps timing out... PULL ALL THE BIDS!! LET THIS FUCKER TANK!!! (start bid tranche at 450 and cross your fingers  |
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1d and 4h charts:  and there you have the fractal nature of price... it's almost unbelievable, isn't it? kinda makes you think |
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I'm in, for sporadic discourse.
I'd be a holder, by your definitions, just curious mostly.
If I could offer any advice to the real speculators out there (or "in here") would be to pay close attention to the history of bitcoin, and when price action does not fit conventional technical analysis, be prepared to accept the fact that this is not like anything that has been traded before and traditional technical analysis may not always hold true. (It mostly does, but please do not stay married to your position when the market is moving the wrong way, no matter how hard the technicals are screaming at you, because bitcoin)
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good way to avoid taxes.
 for who buyer or seller? |
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Did I zoom out enough. According to the intersection ~$462 is it.  Edit: Note that I only drew 2 lines, one starting out in April 2013 (lower line) and the other starting at November 29 2013 (upper line) I do not nor do I want anyone to think I have any "special" TA skills. if you are drawing a support back into a previous year, then it can't be linear - it has to be logarithmic I'm not sure if logarithmic would be any better. I don't know from lines, but shouldn't you be picking your tops and bottoms from the same time frame, regardless of the scale? BTW, I'm feeling like one more dip to the 450 range and then we will see some fireworks. Wild guess on timeframes? <500 before the end of this month, >1000 by the end of April. |
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Hi Tay, grats on finally getting the sale. Keep those keys safe!
That phone interview from a year ago was great, I hadn't heard that audio file before. I wish I had heard it at the time.
too bad Mat had to crap all over your thread, but I can totally understand why you might want to sell a mountain retreat and move into something a little more exciting.
hopefully your ventures go well and hope you decide to stay in Alberta, we need more people who can see past the smokescreen.
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The interesting thing about Bitcoin is that it is one of the first true ancap technologies. It makes sense, though - everything follows money and it's only logical that money should be the first to change.
Indeed. 'Give me control of a nation's money and I care not who makes the laws.' - Mayer Amschel Rothschild slowclap |
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Volume on Huobi is much lower than normal right now
always seems to be a calm before the storm... |
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whoa, it's gotten quite heated in here. I just wanted to drop my favourite bit from all this drama, below. ----------------- <snip> Inevitable, the suicide of the state needs to be managed. If the state is willing and able to scorch the earth to protect itself from all disruptive organic change, then there will be a sharp structural break, inevitably, which will be very costly in human terms. Much better if either the state is co-opted to serve the people and stop crushing them, to live on as an entity enlightened by its past mistakes, and its failures in this range are met with substantial decentralized measures to ameliorate its failures and mitigate its damage.
There is a powerful and well-resourced globalist oligarchy, which is becoming increasingly organized, and will fight for further centralization, because it is easier to strangle one neck than 7 billion necks. It will use the decay of the nation-state as a stepping-stone to global governance. If you think the drama of the nation state in the 20th century was nasty, just wait until there are no exits. Much better to gradually supplant the functions of the nation-state with more local autonomous solutions (local in the sense of communities of aligned interests, whether geographic, economic, ideological, or cultural) which deal efficiently with the problems than to let a power-vacuum arise in which a spectacularly centralized interest becomes the emperor of all.
Those 2 paragraphs pretty much sum up my point on the matter. I look at bitcoin and the rise of decentralization as a path to the future that might not have to include world war 3. about the discussion about many small states vs fewer larger ones? I think that smaller groups mean more empathy, and more personal incentive to have a productive roll in the community. centralized, profit schemes like wall street means less empathy, you don't know or care who you're fucking over. |
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What it I told you 24 hours ago that in only a day's time you would be surfing over to CNN and finding headlines like this:  I mean, you can't make this shit up.. only in Bitcoin. Thank you. been trying to wrap my head around this, now I see it. |
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bitcoin trends are not driven by news; they are driven by the accumulation/distribution cycle within the long term trend.
I don't always agree with TERA... but when I do, I prefer technicals over media hype. |
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Gold has only one stable isotope and as the current understanding of physics goes won't be possible to be created artificially on an economical viable basis. (The amount of energy required to do so prevents it)
Nuclear physics is a pretty mature field, almost like chemistry and it would mean a pretty drastic scientific paradigm shift if physics would be able to describe a process of arbitrary creating elements on a economical viable basis.
This company reeks of a typical investing scam, all complete with hoax(pseudo)science. If they had something they would have gone the way over academia and published a research paper.
Any of you guys remember Steorn?
I don't remember Steorn, but I thought the cavitation stuff was kind of interesting (in terms of transmutation of matter and stuff) I still think that LFTR (liquid fluoride thorium reactors) are the way to go for abundant energy. |
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