I know this question might seem a bit dumb but how much does the price need to go up on mt. gox before I can sell at a profit with their normal fee.
Say I bought one btc at 10, how much would it have to rise. 6 cents?
It takes a buy at $10.00 and a sell at $10.12 to break even.
Commission is (normally) .65%, so:
I buy 10 bitcoins at $10 each, cost is $100 plus $0.65 commission.
I sell 10 bitcoins at $10.12 each, I get $101.20 and pay $.55 commission.
Sell-Buy: $101.20 - $100 = $1.20
Total Commission: $1.20
Result: Breakeven