Topic: New record: over $1M USD turnover in 24 hours at MtGox (Read 2304 times)
Fee based? is the Greed beginning to set in?
Gox is also planning a subscription based fee service instead of a percentage per trade.
What? Really? That would most certainly reduce volume.
Gox is also planning a subscription based fee service instead of a percentage per trade.
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!
Today - already over $3M USD
gox said themselves there should be some more exchange competition which is half the reason the fee is so "high"
and maybe it will be, as soon as alternate exchanges become popular and trustworthy.
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.
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
not bad for one day, I wish I would have made mt gox
yeh, it would be a bit more If I could actually get money into the system. 
!!!
!!!
Next stop: $1 Billion
1 million * .0065 = 6 500
not bad for one day, I wish I would have made mt gox
not bad for one day, I wish I would have made mt gox
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.
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
big surprise since mtgox has been so stagnant all day that I'm afraid it will start breeding mosquitoes.
A week
How long before $2,000,000?
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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