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
Topic: Anyone noticed how much money Mt.Gox is making……. (Read 2171 times)
http://userserve-ak.last.fm/serve/500/50441183/Xzibit.png
But unless they are very stupid indeed....
I'll let you decide on that one, you just have to look over their previous decisions.
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.
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...
http://bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv
Wondering if that was gox taking profit on 20k coins...
So does mtgox use mtgox to sell their bitcoins?
It would make sense. They could then make a profit on their profit. 
So does mtgox use mtgox to sell their bitcoins?
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.
I'm wondering how much of this money is just money moving back and forth.
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 !
Nice business model !
How much costs do they have?
x2 - they take commission twice on a trade - one from the buyer, another from the seller?
of course!
x2 - they take commission twice on a trade - one from the buyer, another from the seller?
this month over 2.5M btc x 0.6 % =15,000 btc... the value depends if and when they sell...
I least they bought a few more servers :-)
Saw somewhere it said a number a little more than that. Need more options!
600K coins x $60 x 0.5 % = $180,000 today, just in dollar denominated trade.
…… I say good luck to them
…… I say good luck to them
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