Bitcoin Forum

Economy => Economics => Topic started by: leemar on April 16, 2013, 10:11:53 PM



Title: Anyone noticed how much money Mt.Gox is making…….
Post by: leemar on April 16, 2013, 10:11:53 PM
600K coins  x    $60    x 0.5 %  = $180,000  today, just in dollar denominated trade.

…… I say good luck to them


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: Anonymouss on April 17, 2013, 12:47:00 AM
Saw somewhere it said a number a little more than that. Need more options!


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: leemar on April 17, 2013, 01:11:46 AM
I least they bought a few more servers :-)


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: farfiman on April 17, 2013, 06:50:57 AM
this month over 2.5M btc  x 0.6 %  =15,000 btc...   the value depends if and when they sell...


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: ManBearPig on April 17, 2013, 07:11:32 AM
x2 - they take commission twice on a trade - one from the buyer, another from the seller?


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: yeemartin on April 17, 2013, 07:41:20 AM
x2 - they take commission twice on a trade - one from the buyer, another from the seller?

of course!


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: porcupine87 on April 17, 2013, 07:49:20 AM
How much costs do they have?


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: leemar on April 17, 2013, 11:25:26 AM
In one of the Reddit posts it said that they had 12 core employees, plus 22 support staff to approve accounts, almost all of whom had been taken on in the last month.

Nice business model !


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: Elokane on April 17, 2013, 07:52:59 PM
Does anyone know how many daily users they actually have?
I'm wondering how much of this money is just money moving back and forth.


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: solomon on April 17, 2013, 10:39:54 PM
So does mtgox use mtgox to sell their bitcoins?


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: myrkul on April 17, 2013, 10:52:12 PM
So does mtgox use mtgox to sell their bitcoins?
It would make sense. They could then make a profit on their profit.


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: solex on April 18, 2013, 08:13:49 AM
See the lone red bar just before the market shut for 8 hours on April 11th

http://bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv

Wondering if that was gox taking profit on 20k coins...


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: leemar on April 18, 2013, 09:15:39 AM
It makes sense that if they are accruing massive deposits in Bitcoins they would sell them back into the market to hedge their risk and fund the business.  But unless they are very stupid indeed they will  not want to risk their reputation.


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: myrkul on April 18, 2013, 03:03:42 PM
But unless they are very stupid indeed....

I'll let you decide on that one, you just have to look over their previous decisions.


Title: Re: Anyone noticed how much money Mt.Gox is making…….
Post by: rayt5 on April 18, 2013, 10:10:06 PM
So does mtgox use mtgox to sell their bitcoins?
It would make sense. They could then make a profit on their profit.

http://userserve-ak.last.fm/serve/500/50441183/Xzibit.png