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Author Topic: trades over the weekend at Mt Gox were -1.3% not -0.65%  (Read 4110 times)
Tasty Champa
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June 22, 2011, 12:46:18 PM
 #1

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?
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Tasty Champa
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June 22, 2011, 12:50:53 PM
 #2

did anyone even notice this was happening?
speeder
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June 22, 2011, 12:52:37 PM
 #3

>.<


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.

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June 22, 2011, 12:55:40 PM
 #4

>.<


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%.
speeder
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June 22, 2011, 12:59:24 PM
 #5

Ok, I am not understanding you.


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

Tasty Champa
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June 22, 2011, 01:02:18 PM
 #6

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.

DamienBlack
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June 22, 2011, 01:05:45 PM
 #7

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.

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speeder
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June 22, 2011, 01:13:39 PM
 #8

That is hilarious

Tasty Champa
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June 22, 2011, 01:13:53 PM
 #9

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.

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
Tasty Champa
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June 22, 2011, 01:15:03 PM
 #10

that shit ^ right there is a calculator.

see:

25 "plus" (1.3%) = 25.01300 <--------THAT MUCH
DamienBlack
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June 22, 2011, 01:16:55 PM
 #11

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.

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

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

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nazgulnarsil
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June 22, 2011, 01:17:14 PM
 #12

HAHAHAHA

either trolling or failed out of grade school
Adam
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June 22, 2011, 01:18:40 PM
 #13

You can't argue with a calculator.

Cdecker
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June 22, 2011, 01:19:11 PM
 #14

Rofl you actually calculated 25 plus 1 * 1.3/100 Cheesy
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

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speeder
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June 22, 2011, 01:19:50 PM
 #15

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

Sorry, I had to let out that after this.

bencoder
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June 22, 2011, 01:21:20 PM
 #16

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.
Serge
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June 22, 2011, 01:23:32 PM
 #17

calculator troll fail
DamienBlack
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June 22, 2011, 01:24:04 PM
 #18

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.

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

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Tasty Champa
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June 22, 2011, 01:25:09 PM
 #19

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.
DamienBlack
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June 22, 2011, 01:27:14 PM
 #20

even if I suck at calculator.

it was happening.

I was being charged 1.3% each trade.

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

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
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