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Author Topic: New record: over $1M USD turnover in 24 hours at MtGox  (Read 2103 times)
weinerk
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June 07, 2011, 12:22:29 AM
 #1



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
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Bit_Happy
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A Great Time to Start Something!


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June 07, 2011, 12:24:52 AM
 #2

How long before $2,000,000?

mewantsbitcoins
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June 07, 2011, 12:25:23 AM
 #3

A week
Bazil
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June 07, 2011, 12:30:28 AM
 #4

big surprise since mtgox has been so stagnant all day that I'm afraid it will start breeding mosquitoes.

17Bo9a6YpXN2SbwY8mXLCD43Wup9ZE4rwm
stic.man
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June 07, 2011, 01:08:05 AM
 #5

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
herbertfilby
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June 07, 2011, 01:14:09 AM
 #6

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.
chris200x9
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June 07, 2011, 01:14:45 AM
 #7

1 million * .0065 = 6 500

not bad for one day, I wish I would have made mt gox Sad

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torbank
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June 07, 2011, 01:27:44 AM
 #8

Next stop: $1 Billion
 Grin


NO_SLAVE
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June 07, 2011, 01:30:56 AM
 #9

yeh, it would be a bit more If I could actually get money into the system. Roll Eyes
!!!
herbertfilby
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June 07, 2011, 01:33:27 AM
 #10

Next stop: $1 Billion
 Grin
kokojie
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June 07, 2011, 01:46:11 AM
 #11

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 Sad

                                 
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lemonginger
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June 07, 2011, 01:50:59 AM
 #12

and maybe it will be, as soon as alternate exchanges become popular and trustworthy.
stic.man
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June 07, 2011, 01:52:26 AM
 #13

gox said themselves there should be some more exchange competition which is half the reason the fee is so "high"

weinerk
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June 08, 2011, 06:25:26 PM
 #14

Today - already over $3M USD

Grant
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June 08, 2011, 06:29:30 PM
 #15

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! Smiley
Freakin
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June 08, 2011, 06:31:28 PM
 #16

Gox is also planning a subscription based fee service instead of a percentage per trade.
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June 08, 2011, 06:42:17 PM
 #17

Gox is also planning a subscription based fee service instead of a percentage per trade.

What? Really? That would most certainly reduce volume.
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June 08, 2011, 06:46:53 PM
 #18

Fee based? is the Greed beginning to set in?
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