for those curious what PIVX is...
BitcoinTalk Thread: https://bitcointalk.org/index.php?topic=1262920.0
Funny how lately, more than ever, cryptocurrency trading has become the electronic version of otc pennystock trading without the market makers trying to rip you off by holding your orders, ignoring your cancels, etc.
I even started tracking Steam/SBD (#STMUSD) in my platform:
https://twitter.com/search?q=%23stmusd&src=typd
Still waiting for that ideal highly liquid decentralized exchange to materialize. OpenLedger seems close but somehow it just doesn't seem quite there yet.
Also, trading on exchanges such as bittrex and others may not seem expensive at 0.25% per trade, but by comparison that would be like paying USD$88 to buy 100 shares of BA at $177/share, which is nuts considering that same trade would cost under 50 cents at brokers such as IB.
If you make 50% on a trade, it may seem negligible, but let's say you get chopped around on 10 trades in a row, you're down another 5% over your losses just from the commissions.
Wow, many thanks for all this useful info here. Much appreciated. Yes, I have been feeling this 0.25 tax on some of my exchanges and as you say, unless there is a big increase on the value your investment it's not worth it to trade. Still need to check out openledger. Will do that now. Thanks again :)