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A comment on Bitcoin Traders Claim There’s Method to Their Madness. Parent comment

Re:Bitcoin Traders Claim There’s Method to Their Madness by robrenaud on Friday December 22, 2017 @04:13PM (#15990963)
It's less than zero sum, right? Each transaction has a cost.
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Re:Bitcoin Traders Claim There’s Method to Their Madness by Ajedi32 on Friday December 22, 2017 @04:34PM (#15991106)
If you're referring to Bitcoin transaction fees, that's not a factor on the exchanges, since the exchange itself holds all coins in its own wallet until you decide to withdraw.
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Re:Bitcoin Traders Claim There’s Method to Their Madness by timjver on Friday December 22, 2017 @04:58PM (#15991245)
They were probably referring to the fees that exchanges charge.
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Re:Bitcoin Traders Claim There’s Method to Their Madness by adjkant on Friday December 22, 2017 @06:41PM (#15991828)
There are no fees on GDAX unless you're a taker.
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Re:Bitcoin Traders Claim There’s Method to Their Madness by umanwizard on Friday December 22, 2017 @09:25PM (#15992564)
That's true, but irrelevant. GDAX takes a fee on every trade. Therefore it's a negative-sum game, not zero.
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Re:Bitcoin Traders Claim There’s Method to Their Madness by daveguy on Friday December 22, 2017 @09:48PM (#15992628)
The casino always wins. True for poker and bitcoin.
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