When /biz day trades on Poly what percent increase to beat the fees? Is there a better site?
What the fuck are you trying to say? Are you mentally ill?
>>3176056
I% imagine he's asking that if he buys at a rate R, which percentage P should he sell, making for a price
(1+P/100)*R
so that the fees don't kill his gains.
Well OP, if the fee is 0.25% like on Bittrex, any P over the value that solves
(1+P/100)*(1-0.25/100)==1+0.25/100
so the growth P must be greater than 0.501% to beat the buy and sell fees.
For a fee f, it must grow by
P = 200 f / (100-f)
>>3175623
This is such simple maths that if you can't work it out yourself you're going to lose alot of money in this
Pgrow = 2 * Pfee / D
with
D = 1 - Pfee / 100
which is very close to 1. That denominator appears so that if the fee goes to 100%, your gain would have to explode too.