3 ms·
It's less than zero sum, right? Each transaction has a cost.
by robrenaud 9y ago
It's less than zero sum, right? Each transaction has a cost.
- Ajedi32 9y agoIf 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.
- timjver 9y agoThey were probably referring to the fees that exchanges charge.
- adjkant 9y agoThere are no fees on GDAX unless you're a taker.
- umanwizard 9y agoThat's true, but irrelevant. GDAX takes a fee on every trade. Therefore it's a negative-sum game, not zero.
- daveguy 9y agoThe casino always wins. True for poker and bitcoin.