How is it that it's possible to make any money with all these fees? Unless you guys are moving around much bigger amounts than me. I find it difficult to "day" trade with bitcoins simply because of the commissions.
I don't know man, let's check.... hmmmmhttps://www.bitcoin7.com/index.php?show=trade
Lowest ask price: 14.69 USD Lowest ask price after 10 traded bitcoins: 15.00 USD
Highest Bid Price: 14.38 USD Highest Bid Price after 10 traded bitcoins: 13.35 USD
Effective spread for a 20 bitcoins margin on Bitcoin7 which might be well within the ~200 daily volume: 1.65 USD (11%).
Now take out the fees from the 11% profit margin and you find out how much money you can make during a day? Is it difficult?