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Author Topic: 0 commission trading?  (Read 1378 times)
Bazil
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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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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
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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.

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DamienBlack
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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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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? Smiley

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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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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? Smiley

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Stephen Gornick
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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

FreeMoney
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June 27, 2011, 03:06:27 AM
 #9

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? Smiley

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.

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June 27, 2011, 03:07:40 AM
 #10

My exchange doesn't charge any commission for trades.

True, but your exchange isn't really instant, is it? Smiley

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.
Bazil
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June 27, 2011, 04:01:36 AM
 #11

Making more than I do at my day job doing this.

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June 27, 2011, 04:48:52 AM
 #12

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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