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Question: What Will Happen When MtGox Resumes Trading Fees
Value Will Go Up - 8 (26.7%)
Value Will Go Down - 6 (20%)
Value Will Stay The Same - 7 (23.3%)
I Like To Eat Butter - 9 (30%)
Total Voters: 30

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Author Topic: What Will Happen When MtGox Resumes Trading Fees  (Read 663 times)
dontek
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April 13, 2013, 03:55:46 PM
 #1

I have fiat sitting in MtGox and I am just sitting and watching right now.

Without any fees right now, gut feeling is that quite a few of the back and forth tradings going on are people trying to make a buck here and there from continual buying/selling.

Trade fees go back into effect tonight.

Any thoughts on what changes (if any) that's going to create in value?


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Kazu
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April 13, 2013, 04:00:44 PM
 #2

There won't be as much of these $1 back-and-forth things. There still will be some though.

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HappyBitCoinUser
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April 13, 2013, 04:01:17 PM
 #3

They'll probably be a victim of their own success again, and you know how that plays out.
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April 13, 2013, 04:08:51 PM
 #4

They'll probably be a victim of their own success again, and you know how that plays out.

Wouldn't volume decrease as fees increase? I mean, assuming people were logicial, which they apparently aren't.

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April 13, 2013, 04:10:19 PM
 #5

Haven't a clue but a lower fee would see me trading more.

If the Goxster can handle it, so can I!

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April 13, 2013, 04:43:41 PM
 #6

Fees usually have people thinking twice before buying in. If they buy in at $100, they have  to predict that it will hit ~$104 before they make any profit.

With no trading fees people know that if they buy in at $100, they only have to wait until $100.01 to make any profit.

It changes the dynamic because people have to use a little more brain power to analyze which way the stampede will run.

Be humble!
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