You are right. One thing I am VERY impressed with so far is our sellers reluctancy to dump their Spots to make a quick buck.
Oh, I'm totally dumping Spots to make a quick buck. Then I buy it back a little over the highest bid and start all over again. The spread is great for me; I just don't think it's so healthy for the currency to have a spread that wide.
Fortunately, I think that my quick buck-making is helping close that spread so I don't feel all that slimy about it.
No, you're right. That's good for the price. I meant people aren't selling at current prices and getting out for good. For day trading, our spread is basically a trader's dream right now