They Work in Crypto, ...

[M.W.]

What spread does your screenshot even show? 0.01? If that then that's 260usd or 1%. Care to enlighten us what the actual spread really is?

What fucking spread are you talking about deaddog?

Btc trades 24/7/365 with plenty of liquidity, $5k or $10k order is nothing

Don't spread FALSE information without showing proof, ASSHOLE!

Have a nice day, you dumb dumbfuck!

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[M.W.]

Is the spread truly 1%? That can't be, that would be ridiculously high. I never even glanced at anything other than the btc price. No idea but curious now.

1% is 1%, on a $5000 it's $50, do it 12 times a year, it's $600, doesn't seem like it's going to cause hardship

However, I've been buying btc the past few weeks and one of my buys was about $5k, and I looked up the fee is not 1%, it's about 60 basis points. Toe-May-Toe vs Toe-Math-Toe

And you saw the order book from previous post...


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[deaddog]

1% is 1%, on a $5000 it's $50, do it 12 times a year, it's $600, doesn't seem like it's going to cause hardship

However, I've been buying btc the past few weeks and one of my buys was about $5k, and I looked up the fee is not 1%, it's about 60 basis points. Toe-May-Toe vs Toe-Math-Toe

And you saw the order book from previous post.

It may not cause you anyhardship but it's 600 bucks that you don't have.

That's the point I was trying to make. It cost you something to change from bitcoin to fiat.
I know it's only 60 basis points but that adds up to 1.2% per round trip.

The point of the thread is whether you should be paid in BTC. I'm just saying that because of the volatility of the fiat price of BTC it would be a gamble.

 

[johnarb]

What spread does your screenshot even show? 0.01? If that then that's 260usd or 1%. Care to enlighten us what the actual spread really is?

The orderbook (refer to my previous post) shows $2 depth gives you up to $15,800 on the seller offer and a buyer bidder $28,300 worth

 

[johnarb]

Is the spread truly 1%? That can't be, that would be ridiculously high. I never even glanced at anything other than the btc price. No idea but curious now.

Refer to my order book, spread is not 1%,

The point of the thread is whether you should be paid in BTC. I'm just saying that because of the volatility of the fiat price of BTC it would be a gamble.

If getting paid in Btc, there is no roundtrip, only 1 side, selling to fiat when necessary for bills and expenses

 

[deaddog]

If getting paid in Btc, there is no roundtrip, only 1 side, selling to fiat when necessary for bills and expenses

Right you are.

 

[M.W.]

You are ridiculous. Just because your 5000 dollar account comes out to 50 bucks charges means nothing. That 1% fee to convert ONE WAY amounts to ten thousand dollars on 1 Mil notional. That is outrageously high, no matter how you look at it.

You said spread, now you're saying 1% fee but you're showing a screenshot of a debit fee of 4%

STOP SPREADING BULLSHIT FUD

Get a better trading platform, I showed you 1 cent spread at Coinbase Advance Trading

1% fee on $5k order is $50, how the fuck is that going to beat up anyone?? fucking bullshit gaslighting fudder is what you are, deaddog

 

[M.W.]

Walk us through your calculation how someone lost 50% of their wealth if they deposited it into us treasury bills 3 years ago and rolled every 3 month. The one who is spreading lies here is exclusively YOU. Inflation did not tick up 50% not even close to 20% in the past 3 years. And stop picking convenient time frames. If you look at inflation long term then it's more along the 3% level.

I do not care what you do

I'm calling out your BULLSHIT fud, deaddog

You deliberately used the word spread on a trading site to suggest Btc, a global asset that trades 24/7/365 is illiquid like a boomer rock gold or real estate

And here you are again suggesting that Btc only trades down, you FUCKING ASSHOLE

Btc is up 60% YTD

If you put your life savings into the RISK FREE US Treasuries 3 years ago, you lost 50% of your net worth vs 400%+ positive if you put on Btc

And you're a fucking idiot so proud of putting your life savings in Canadian fiat that is down 40% in the last 3 years in purchasing power, congratulations IDIOT you lost 40% of your net worth and the US $ is adding insult to your losses

Yea, yea, you trade positive your nominal net worth is positive ,but real net worth is negative moron

Have a great day!

 

[M.W.]

That 600 out of 5000 amounts to 12% for nothing.

1% is 1%, on a $5000 it's $50, do it 12 times a year, it's $600, doesn't seem like it's going to cause hardship

However, I've been buying btc the past few weeks and one of my buys was about $5k, and I looked up the fee is not 1%, it's about 60 basis points. Toe-May-Toe vs Toe-Math-Toe

And you saw the order book from previous post...


View attachment 324043

 

[M.W.]

I was referring to trading bitcoin (context of the past 15 posts) you conveniently change topic and go back to getting paid crypto. Yes then it's one way, but we talked about trading crypto from fiat and back to fiat. You seem to love to jump here and there to suit your rhetoric.

Refer to my order book, spread is not 1%,



If getting paid in Btc, there is no roundtrip, only 1 side, selling to fiat when necessary for bills and expenses