Bitcoin Forum
November 18, 2017, 08:19:30 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
Author Topic: Should there be a fee when placing bids\asks on mtgox?  (Read 3087 times)
Offline Offline

Activity: 84

View Profile
May 23, 2011, 07:13:21 PM

anyone can place bid\asks on mtgox and then cancel... does not cost money to do this.

how to bidding and asks placing work in other markets in the world?

Placing "bait" orders as well as pulling them to exploit various things happens "for real" / in the normal marketplace all the time.

I don't see the point in asking an entrance fee when there is a provision cost on transaction already.
Also since it is all electronical there is no real "cost" to place an order other than needing to track it, and so far we're still in manageable dimensions.

As for spread/comission/cost - if you create competition, obviously spread/fees/comission will go down.

Don't like it as it is? Tough titty. Pseudomonopoly ftw.

A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Hero Member
Offline Offline

Posts: 1511036370

View Profile Personal Message (Offline)

Reply with quote  #2

Report to moderator
Offline Offline

Activity: 13

View Profile
May 23, 2011, 09:05:41 PM

Of course not, its a FREE market, everyone is free to place any orders they want to what extent they want.
And that's exactly as it should be.
Pages: « 1 [2]  All
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!