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Fees.. Fees.. And more fees.. The sudden additional 0.1% fees in BitShares trading platform by skreza

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· @skreza ·
$0.64
Fees.. Fees.. And more fees.. The sudden additional 0.1% fees in BitShares trading platform
<div class="text-justify">

The crypto market is already seeing more and more red numbers.. and at this stage this new fees on the sale of BitShares token is something that will make the market go more bearish.. 

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![2.jpg](https://steemitimages.com/DQmQfstHsqCjigWdcRjg8gu4cCXoFf6wkSHvrNJR8pmpswN/2.jpg) </center>

First of all the best advantage of trading in BitShares platform was its cheapest fees.. 

Previously the fees were 0.00092 BTS no matter how much one trades.. But all of a sudden this new added fees is killing the trade in many ways.. 

So now this additional fees of 0.1% is added.. Yes its 0.1% 

Suppose you are selling tokens worth $100 bit.USD then the fees is $0.1 bit.USD

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![1.jpg](https://steemitimages.com/DQmSCAGksMZZBxDoWYhDQn3xFkEWdhdo3STfj6ZCSEb7TPr/1.jpg) </center>


If its $10000 bit.USD then the fees will also increase to $10 bit.USD

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![3.jpg](https://steemitimages.com/DQmUp5xYR3FJ2Aucb74KUmvT4nKiFmTFvhUgNFVEVNrg5RV/3.jpg) </center>

So now we have to pay this additional fees along with the previous fees.. 

At this stage when we are in a bear market, with so many of us have magically lost a great portion of our investment are mostly broken.. And what do you think this additional fees could show its effects? 

So many people have already exited the market, and many will also exit if regulators get successful in regulation the cryptocurrency market.. We have already lost the free transaction features in Cryptocurrency.. Those of us who have invested on crypto are seeing loses.. One might say Bitcoin was once upon a time $1,000 and this latest price may seem very good to them.. but what about those of us who have entered the market when BTC was $15,000+ 

And if our privacy is lost this market will definitely see another huge crash.. A great deal of people opt in to crypto because of the anonymous feature.. but that privileged will also be taken away by regulators and exchanges won't have any other choice but to accept it.. unless some country will say they don't have any objections with keeping it anonymous but again who dares to disagree with "The White House" 

I'm looking forward to get this and all my other posts being upvoted by big Steem Whales which will also help me cover some of the losses I'm currently suffering for investing crypto during the bull market and continued to HODL them during bear market.. I hope the Steem community will support me and many others like me who are counting losses due to bear market, high fees, government regulations, tax issues, hackers, and scams like Empty Gox. Feel free to upvote this post, but I can also understand if you think this post is not worthy of your upvote or you prefer doing some self-voting because you also need to get returns on your investments or covering your losses if you are also in loss.. but Cheers!</div>
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<h2><center>I invite you to check out some of my other posts from this week: </center></h2>
<h1> <a href="https://steemit.com/crypto/@skreza/an-emotional-response-to-the-cryptocurrency-market-crash">An Emotional Response to the Cryptocurrency Market Crash</a>  </h1>

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https://steemitimages.com/DQmZhxs5ToBonBnmyVyWuEFyqfa3uW6kEXodBGeVR5RMDFW/image.png

https://steemitimages.com/DQmNqujSLGhkiZic7aGaHjmZutt16tdKhtvgGbe7XkMhqkE/22547255_10156013269843296_8488115881077899264_n.gif
<hr></hr>
#blog #blogger #blogs #blogging #writing #money #currency #business #life #crypto #cryptocurrency #steemit #steem #bitcoin #btc #bts #bitshares #finance #trades #government #trade #trading #decentralized #sbd #steem #dollars #blocktrades #investment #future #hack #hacking #hackers #SP #delegations #delegation #delegated-sp #steempower #rent #whales #dolphins #minnows #redfish #fibonacci #fees #verification #noprivacy 

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vote details (10)
@funcrypto ·
At first I didn't believe you, because it seems crazy that they would charge fees. 
But then after checking out bitsharestalk.org it has been talked about for some days and was implemented yesterday:
https://bitsharestalk.org/index.php?topic=26072.0

But interestingly I didn't notice it, because openledger doesn't charge the market fee. Don't know why, but it doesn't. So if you're making big trades, you should definitely do it there.
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@funcrypto ·
Been reading a bit more, and it seems like it's implemented at the user interface level and not the blockchain level as far as I understand. That's why they could do it so fast. 
And that's why openledger doesn't have it, you're sort of paying for using the wallet.bitshares UI instead of another one. 

The reason they introduced the fee was to make a pool that can sustain the smart coin prices in crazy dips like these when bts is plummeting. So the new fees collected would be used to create more bitCNY and bitUSD because many of them are disappearing due to margin calls on both. 

I still think it's more valuable to have a fee-less exchange, but this is what the committee has decided for now.
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@geniuscrypto ·
$0.06
This 0.1% is still cheaper than a lot of other exchanges

Binance 0.2-0.3%
CoinBase 0.2-0.4%
Bittrex 0.25%
👍  ,
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vote details (2)
@scorer ·
Bitfinex as well 0.1-0.2%
👍  ,
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vote details (2)
@geniuscrypto ·
$0.05
Yeah, so we can now see that 0.1% isn't that bad, to be honest... But I do agree that they should've included it from the start
👍  
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vote details (1)
@scorer ·
To be profitable, you have to charge something. Better to introduce those fees at the beginning.
👍  ,
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vote details (2)