Post
Topic
Board Service Discussion
Re: Bitstamp TX Fee Exploit - Charge 1.16% instead of 0.2% without your consent
by
mmitech
on 09/05/2014, 21:53:58 UTC
and by the way, when you trade a fucking $200.01 and pay $0.01 more as fee, of course a $0.01 will change your life right ? and if you do that 100 time a month this would sum up to $1 in total, this will get you broke!!!

This is wrong because there is automated trading that does a high volume of trades in a short period of time. Even if you don't do this yourself, if your orders are traded against by algorithms you may get many, many executions. There is no reason to assume 100 trades in a month is a lot. You could get 100 trades in a minute.



I am aware of bots and the way they work but 100 trade a minute !!! why ? it is not like you see major price moves over the course of a minute...it is just plain retard to do that then complain about paying more fees, and again, rounding prices up is all around your daily life, you just don't feel it or know about it.

if I had an exchange I would stick to the $0.01 as well, there is nothing less then a penny so complaining about it is just plain stupid, the only thing that could work is taking fees in Bitcoin but I don't see how you can work this out, because at some point you have to sell the coins and I also don't know how can this be reported for taxes...