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Author Topic: Anyone noticed how much money Mt.Gox is making…….  (Read 2066 times)
leemar
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April 16, 2013, 10:11:53 PM
 #1

600K coins  x    $60    x 0.5 %  = $180,000  today, just in dollar denominated trade.

…… I say good luck to them
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Anonymouss
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April 17, 2013, 12:47:00 AM
 #2

Saw somewhere it said a number a little more than that. Need more options!
leemar
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April 17, 2013, 01:11:46 AM
 #3

I least they bought a few more servers :-)
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April 17, 2013, 06:50:57 AM
 #4

this month over 2.5M btc  x 0.6 %  =15,000 btc...   the value depends if and when they sell...

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April 17, 2013, 07:11:32 AM
 #5

x2 - they take commission twice on a trade - one from the buyer, another from the seller?

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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April 17, 2013, 07:41:20 AM
 #6

x2 - they take commission twice on a trade - one from the buyer, another from the seller?

of course!
porcupine87
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April 17, 2013, 07:49:20 AM
 #7

How much costs do they have?

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
leemar
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April 17, 2013, 11:25:26 AM
 #8

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 !
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April 17, 2013, 07:52:59 PM
 #9

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.

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April 17, 2013, 10:39:54 PM
 #10

So does mtgox use mtgox to sell their bitcoins?

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April 17, 2013, 10:52:12 PM
 #11

So does mtgox use mtgox to sell their bitcoins?
It would make sense. They could then make a profit on their profit.

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April 18, 2013, 08:13:49 AM
 #12

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...

leemar
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April 18, 2013, 09:15:39 AM
 #13

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.
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April 18, 2013, 03:03:42 PM
 #14

But unless they are very stupid indeed....

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

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April 18, 2013, 10:10:06 PM
 #15

So does mtgox use mtgox to sell their bitcoins?
It would make sense. They could then make a profit on their profit.

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