[e-gold-list] Re: A tough question - about the Open2Exchange Trading Floor

[Ian Green]

On 1/26/07, CyberFrontier Global Support <admin at cyberica.net> wrote:
> >> > WHY is nobody using Open2Exchange?
...
>         If there isn't enough volume, it's not worth my time, and if not
> enough people
>         spare the time, there won't be enough volume...
>
> Sure, at times there are trades offered that will make the patient buyer or
> seller a few percentage points in a single deal, which is good. On the other
> hand the volume of these trades is usually to low to make it worthwhile. In
> the end, if I can buy an ounze at 3% below spot, and turn around and sell it
> to an exchanger through CF$ at spot, then I earn 3% free and clear. Which is
> about $19.00... ;o)

On the other hand, if you take the time to make your $19, you are also
helping a fellow DGC user complete a trade they want, and helping to
ensure that they come back again, and build the volume up to make it
worthwhile for you in the future.

> That doesn't even account for the fact that our exchanger clients would
> probably find it a nuisance if we contacted them with any offers below 25
> ounzes, and we don't retail to the public.
>
> So, the O2E is definitely a great idea (considering that it was mine, well,
> that I discussed the knitty gritty of a plan with an Aussie just two or
> three months before Sidd launched O2E), but without volume, like all DGC
> ventures, it'll have difficulties finding wide adoption.
>
> Maybe publicity and advertisment is what is needed?


Regards
Ian Green
http://open2exchange.com/buy.sell...000024

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