Now imagine someone with a million dollars as investing money... decide to buy 100 btc with the price at 10k a coin to make it simple. I don't want to use an altcoin as an example because those are risky and you can easily lose everything as coins do drop to zero... so basically stick with the top coins on the list. Now let say btc went up and down for the next few days and then btc went up to say 10500, now the person sells all 100 btc for 1.05 million dollars. Let say trading fees are 0.25% fees. Is that the rate now for trading btc? Now in the first transaction, to buy a million dollars worth of btc.. fee would be 2500 dollars right? Then when you sell the btc... fee is 2625 dollars... can anyone confirm the math here?
Well you know what we are in crypto space and the first principle is anonymous transaction, at the cost of public ledger, complex nodes forming giant blockchain and all that to confirm your transaction over blockchain through exchanger or whatever medium it is.
I guess having that 0.25% fees is fair otherwise how whole stuff will work in the first place ?
Coming to the point how much money needs to traded, well that depends on how much you want to earn keeping in mind “your expenditure limits”. If you want to earn more then you either need to have million times good luck or either he’ll lot of money to spend.