Post
Topic
Board Service Discussion
Re: Mt.Gox SCAM? $38million disappeared. Large sums affected.
by
Thibaut
on 23/02/2014, 01:09:03 UTC
Is it possible to estimate how profitable is the crisis for MtGox?

On a graph with a scale of 1 day per candlestick, I count a volume of about 650,000 BTC from the first big drop to now. Let us consider an average fee of 0.30% and keep in mind that it is paid by both buyers and sellers.
2x0.0030 x 650,000 = 3,900 BTC.

The average price being $500 over this period, their profit would reach 3900x500 = $2,000,000 !?