TERA
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October 20, 2013, 02:06:37 AM

Whoa where did gox get 55K volume? I thought it was dying. Do bots just like collectively losing fees?

Just because some idiots run around screaming about it all the time doesn't mean it is dead.

You're right. It actually lead the rally on the last leg up. However, it really amazes me why so many people still use it. Its almost like psychotic nostalgia. Its obviously a high risk exchange with even higher prices. I guess its more volatile though, so better still for daytraders.
I've found, for smaller players, the high fees tend to outweigh the the extra volatility gains over time. Whenever you take a position, if something changes and now you decide you need to sell, sometimes you can't do it without taking a large loss. I'm thinking of just withdrawing the coins I have on gox and making that those the coins that I just hold and don't attempt to trade.