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Bazil (OP)
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June 27, 2011, 02:43:42 AM |
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I was thinking some or all of the major exchanges should start a paid subscriber service with 0% commission on trades with a monthly fee in it's place. So you could trade with the whatever% commission or pay say 1BTC a month to trade commission free. It would make day trading a lot easier. Since they canceled my order from the crash, it's so easy for me to make money day trading right now with the 0% commission on MtGox.
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error
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June 27, 2011, 02:50:31 AM |
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You should be able to make money even with the commission.
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Bazil (OP)
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June 27, 2011, 02:54:37 AM |
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You should be able to make money even with the commission.
Oh I can but the amount of price variation makes it so I have to wait a few hours for every trade. With no commission I can set trades that are very close to each other to take advantage of the minute to minute variations rather than the hour to hour. |
17Bo9a6YpXN2SbwY8mXLCD43Wup9ZE4rwm
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DamienBlack
Jr. Member
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Activity: 56
Merit: 1
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June 27, 2011, 02:57:28 AM |
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I agree, I'm making a killing, and I would love to pay monthly to continue being able to trade with 0%. I'm sure it helps increase liquidity, so it is good for the market, right?
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error
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June 27, 2011, 03:00:32 AM |
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You should be able to make money even with the commission.
Oh I can but the amount of price variation makes it so I have to wait a few hours for every trade. With no commission I can set trades that are very close to each other to take advantage of the minute to minute variations rather than the hour to hour. You make a good point there. Perhaps you should make a killing and then start a zero commission exchange?  |
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NghtRppr
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June 27, 2011, 03:02:03 AM |
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My exchange doesn't charge any commission for trades.
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error
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June 27, 2011, 03:02:56 AM |
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My exchange doesn't charge any commission for trades.
True, but your exchange isn't really instant, is it? |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
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June 27, 2011, 03:04:21 AM |
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I was thinking some or all of the major exchanges should start a paid subscriber service with 0% commission on trades with a monthly fee in it's place. Mt. Gox had described that as "coming soonish": - http://www.bitcoinmoney.com/post/6288308683 |
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1014
Strength in numbers
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June 27, 2011, 03:06:27 AM |
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You should be able to make money even with the commission.
Oh I can but the amount of price variation makes it so I have to wait a few hours for every trade. With no commission I can set trades that are very close to each other to take advantage of the minute to minute variations rather than the hour to hour. You make a good point there. Perhaps you should make a killing and then start a zero commission exchange? A lot of us are 0% at MtGox for a month now, pretty much every active trader there would be I assume. Miners who just place sells wouldn't be I guess. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1014
Strength in numbers
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June 27, 2011, 03:07:40 AM |
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My exchange doesn't charge any commission for trades.
True, but your exchange isn't really instant, is it? It's every 5 minutes right now, I don't know why he couldn't speed that up if there was demand. You just use the mail for deposits iiuc. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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Bazil (OP)
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June 27, 2011, 04:01:36 AM |
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Making more than I do at my day job doing this.
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bitcoin.monger
Newbie
Offline
Activity: 14
Merit: 0
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June 27, 2011, 04:48:52 AM |
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This is a good idea, but it should be offered as an option.
The big speculators would take it and be happy. The miners looking to sell a few coins a month would stick with the percentage.
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