Quote from: cbeast on July 29, 2011, 02:38:01 PM

Quote from: xjosx on July 29, 2011, 02:17:57 PM

Quote from: cbeast on July 29, 2011, 01:55:44 PM

Don't forget that right now Mt Gox is allowing certain privileged traders to exchange with no fees. IMHO they are holding the price down by squeezing micro profits out of trades. This will end in a week or so. Don't forget, there are a lot of new products being released and new announcements of products expected in the next few weeks.

Not true. Us zero fee traders are back up to 0.3% fees as of a few days ago.

Mea Culpa. Privileged traders are trading at 0.3% until August 9 and able to squeeze profits the non privileged traders, thus possibly driving prices down.

First, with 0.3% on both sides, you need close to an eight cent spread to break even. Second, regardless of fees, if you hold the price against the view of the market, you will lose money. Quit looking for a conspiracy and you just might see things more clearly.