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Author Topic: MTGox commission schedule not conducive to traders/price appreciation  (Read 1010 times)
annette786
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September 19, 2012, 07:48:54 PM
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There would be significantly more trade on MTGox if they updated there commission schedule.  Charging a percentage (instead of a flat fee) makes it impossible to momentum trade.  It would be nice if I could trade 1000 shares at a time and make a few pennies.  If I buy BTC at 12 (assuming a .5% commission), I have to sell it at 12.10 just to break even.  Assuming risk, that really means I need to sell it at $13, and that's not a momentum trade.  This problem will get worse as the price rises.

Percentages work great for the one-time investor if the price is $3 and you buy 10 BTC, but if you want liquidity in a market, you need momentum traders.  I hope they decide to put a cap on the per trade commissions soon.

The good thing is, when they do this, BTC price will rise significantly just from the act of traders taking positions.




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Stephen Gornick
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September 19, 2012, 11:12:41 PM
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The good thing is, when they do this, BTC price will rise significantly just from the act of traders taking positions.

Good for whom?

Unichange.me

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