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Title: New record: over $1M USD turnover in 24 hours at MtGox Post by: weinerk on June 07, 2011, 12:22:29 AM I believe a new record - over $1M USD turnover in 24 hours at MtGox: http://omnicompass.com/mtgox/?Min=8&Max=35&Inc=1 Tue Jun 7 00:20:42 2011 (GMT) Recent USD Exchanged TimeBin BTC USD Mon Jun 6 00:00:00 2011 348 $6,403 Mon Jun 6 02:00:00 2011 6,514 $119,861 Mon Jun 6 04:00:00 2011 8,428 $155,079 Mon Jun 6 06:00:00 2011 3,274 $60,243 Mon Jun 6 08:00:00 2011 1,857 $34,170 Mon Jun 6 10:00:00 2011 8,497 $156,349 Mon Jun 6 12:00:00 2011 8,680 $159,716 Mon Jun 6 14:00:00 2011 2,361 $43,444 Mon Jun 6 16:00:00 2011 5,727 $105,380 Mon Jun 6 18:00:00 2011 1,866 $34,335 Mon Jun 6 20:00:00 2011 6,232 $114,672 Mon Jun 6 22:00:00 2011 938 $17,260 Tue Jun 7 00:00:00 2011 132 $2,429 TOTAL: 54,854 $1,009,341 Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: Bit_Happy on June 07, 2011, 12:24:52 AM How long before $2,000,000?
Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: mewantsbitcoins on June 07, 2011, 12:25:23 AM A week
Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: Bazil on June 07, 2011, 12:30:28 AM big surprise since mtgox has been so stagnant all day that I'm afraid it will start breeding mosquitoes.
Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: stic.man on June 07, 2011, 01:08:05 AM it takes newbs over a week to get into gox via dwolla here in the US, it may be quicker for other countries, not sure about them
Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: herbertfilby on June 07, 2011, 01:14:09 AM I concur on the Dwolla processing. People's transfers are probably (finally) starting to go through. I expect another leap in price now that people who have been itching to get BTC can finally get in.
Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: chris200x9 on June 07, 2011, 01:14:45 AM 1 million * .0065 = 6 500
not bad for one day, I wish I would have made mt gox :( Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: torbank on June 07, 2011, 01:27:44 AM Next stop: $1 Billion
;D Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: NO_SLAVE on June 07, 2011, 01:30:56 AM yeh, it would be a bit more If I could actually get money into the system. ::)
!!! Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: herbertfilby on June 07, 2011, 01:33:27 AM Next stop: $1 Billion http://herbertfilby.com/images/deevil.jpg;D Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: kokojie on June 07, 2011, 01:46:11 AM I imagine mtgox hires multiple people to run the thing efficiently, and then there are fixed costs of server/office. I imagine they have a pretty healthy profit, but profit margin should be around 50% or so.
Though I agree the fee is kinda high if volume really picks up. I think a $100,000 trade doesn't really cost that much more than a $10 trade. It should be a flat fee based model, like most stock brokers. Or at least do a flat fee past a certain dollar amount. 1 million * .0065 = 6 500 not bad for one day, I wish I would have made mt gox :( Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: lemonginger on June 07, 2011, 01:50:59 AM and maybe it will be, as soon as alternate exchanges become popular and trustworthy.
Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: stic.man on June 07, 2011, 01:52:26 AM gox said themselves there should be some more exchange competition which is half the reason the fee is so "high"
Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: weinerk on June 08, 2011, 06:25:26 PM Today - already over $3M USD
Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: Grant on June 08, 2011, 06:29:30 PM Today - already over $3M USD Geez, i thought 2 would be a record enough. Ok folks the bubble is certainly canceled the volume supports the new hights! :) Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: Freakin on June 08, 2011, 06:31:28 PM Gox is also planning a subscription based fee service instead of a percentage per trade.
Title: Re: New record: over $1M USD turnover in 24 hours at MtGox Post by: ocharry on June 08, 2011, 06:42:17 PM Gox is also planning a subscription based fee service instead of a percentage per trade. What? Really? That would most certainly reduce volume. |
