CALL to all major exchanges, temporally waive trading fees, so we can recover

[CryptoPanda]

I'm asking all major exchanges to temporally lower or waive all trading fees. This will do 2 things.
1. Increase trading volume and increase the price.
2. Show the world that we are united community and can act together in hard times. Coordinated move like that will get TON of positive press.


We know from the bright example of BTC china that it works. Infact they did it again just yesterday. The fee there is just 0.1 now.
6 of the big exchanges already united behind a position about mtgox, I'm asking them to do the same with the trading fees now.


Please if you know someone at any of them call or email them, tell them about the idea or point them to that thread.
I really believe that this move alone, could recover the price fast.

[LiteCoinGuy]

no

[softbluelight]

Making all exchange's funds completely transparent in such a way that does not hinder security would do significantly more than lowering transaction fees.  Transaction fees are high as is (considering the ridiculous amount of money exchanges make in one day).  Lowering them won't permanently fix anything.  A united front, more stress on security & customer service, and transparency can.  

Nothing will make the price go back up to 1K today.  Time will heal some wounds but unity and transparency will make Bitcoin stronger.

[whtchocla7e]

That's price manipulation.

[Sage]

The free market will sort itself out.

What we need is a truly decentralized exchange.

In the meantime, now's the time to be buying.

Thanks Gox for the cheap coins.  Sorry you had to screw so many to get my orders filled at these prices.

[CryptoPanda]

Making all exchange's funds completely transparent in such a way that does not hinder security would do significantly more than lowering transaction fees.  Transaction fees are high as is (considering the ridiculous amount of money exchanges make in one day).  Lowering them won't permanently fix anything.  A united front, more stress on security & customer service, and transparency can.  

Nothing will make the price go back up to 1K today.  Time will heal some wounds but unity and transparency will make Bitcoin stronger.

yeah but is expecting that from all of them realistic?
temporally waiving the fees is much more doable, and doable now

[CryptoPanda]

That's price manipulation.

everything is

[jbrnt]

Waiving fee does nothing to recover confidence, and surely will not help people get their coins back

[franky1]

if you cannot make funds in the current system then maybe trading isnt for you.

i will however give some good advice..

do not concentrate on the big bitcoin/dollar market.

play the altcoins, that way you are taking the bitcoin away from the sell orders of FIAT, (much like hoarding creates demand) allowing bitcoin/fiat prices to rise due to lack of sell orders. and profitting on the altcoins in the meantime.

there are a few altcoins that are worth 1 satoshi. meaning buying at the lowest price possible means no chance of any further loss. and selling just one order line above it. (2satoshi price) doubles your funds.

its called playing the markets. and seeing as altcoins are useless in any real life practical way, there is no harm in playing with them purely for profit

[Musent]

I voted no. Wouldn't help at all.

[CryptoPanda]

Waiving fee does nothing to recover confidence, and surely will not help people get their coins back

It increases trade volume, that increases price.
Nobody is talking about getting bitcoins back, but recovering the price.

[CryptoPanda]

if you cannot make funds in the current system then maybe trading isnt for you.

i will however give some good advice..

do not concentrate on the big bitcoin/dollar market.

play the altcoins, that way you are taking the bitcoin away from the sell orders of FIAT, (much like hoarding creates demand) allowing bitcoin/fiat prices to rise due to lack of sell orders. and profitting on the altcoins in the meantime.

there are a few altcoins that are worth 1 satoshi. meaning buying at the lowest price possible means no chance of any further loss. and selling just one order line above it. (2satoshi price) doubles your funds.

its called playing the markets. and seeing as altcoins are useless in any real life practical way, there is no harm in playing with them purely for profit

I don't trade for profit. I'm just suggesting a way to help recover the BTC price.

[DeathAndTaxes]

Waiving fee does nothing to recover confidence, and surely will not help people get their coins back

It increases trade volume, that increases price.
Nobody is talking about getting bitcoins back, but recovering the price.

Higher trading volume doesn't mean higher price.  Price can decline on increasing volume.  It frequently does in a crash.

[Musent]

The price will recover without doing away with fees. It already is recovering.

[Meuh6879]

OP live in a dream ?  transaction exchange fee is why platform don't crash.
like virvox ... rock stable, rock 9% of fee ... it's a choice.

[bitgeek]

Price is recovering as we speak without your low fees.

[Wilikon]

I'm asking all major exchanges to temporally lower or waive all trading fees. This will do 2 things.
1. Increase trading volume and increase the price.
2. Show the world that we are united community and can act together in hard times. Coordinated move like that will get TON of positive press.


We know from the bright example of BTC china that it works. Infact they did it again just yesterday. The fee there is just 0.1 now.
6 of the big exchanges already united behind a position about mtgox, I'm asking them to do the same with the trading fees now.


Please if you know someone at any of them call or email them, tell them about the idea or point them to that thread.
I really believe that this move alone, could recover the price fast.

It's good to be the King of Bitcoin

[marcotheminer]

no

Why would they?

[jbrnt]

Waiving fee does nothing to recover confidence, and surely will not help people get their coins back

speak for yourself, I just spent a ton on fees and that was only on the buy side

So how is spending a ton on fees relevant to my comment?

[CryptoPanda]

Waiving fee does nothing to recover confidence, and surely will not help people get their coins back

It increases trade volume, that increases price.
Nobody is talking about getting bitcoins back, but recovering the price.

Higher trading volume doesn't mean higher price.  Price can decline on increasing volume.  It frequently does in a crash.

Yes it can, but the crash already happened.
As we all know one of the biggest reasons for the surge from $130ish to $1000 was the volumes from China, and mostly from BTC china where the fee was 0.00%

Even right now China is moving the price back up, and BTC china lowered their fees from 0.3 to 0.1% yesterday.