Quote from: w8ks6 on July 06, 2013, 01:39:02 PM

Quote from: derekleong75 on July 06, 2013, 01:14:12 PM

To me, it doesn't matter where I trade and I don't really care about the fees.
As long as :
Got buyers willing to pick up my asks.
Got sellers willing to pick up my bids.
:p

Whether you Got that or not is a function of liquidity and volume. Those are a function of professional trader activity to conduct current price discovery and speculate on fluctuations.
The fees for that activity are a major cost to those professional traders, and influence the volume and liquidity of the exchange overal.

So, for you the fees don't matter, but to pro traders and FYB itself they are key, and directly affect your trades also.

It's not even true that you don't really care about the fees. To prove it, let's meet on bitcoin-otc, and I'll charge you the highest markup in the world for my ask. Let's see if you'll still be "willing to pick up my asks" and not really care about my fee.
My point is that's also why FYB don't Got those most of the time.

Of course I will care if it's your ask that I am picking up. Unfortunately, I prefer to be the one asking/bidding.
I agree that fyb may not appeal to pro traders but like any other industry, there are choices and anyone is not bound to trade at a particular exchange.

Fyb is like your neighbourhood massage parlour compared to btce or gox which is like the nightclubs at Orchard Tower.

Hopefully fyb start moving towards becoming a ktv first in days to come. Being a sg'er, I will support them whenever I can but being a consumer, profits come first nonetheless.