Perhaps because they think that there *are* only short-term gains to be had out ... | Hacker News

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hugh3 on June 13, 2011 | parent | context | favorite | on: Bitcoin's Black Friday

Perhaps because they think that there are only short-term gains to be had out of bitcoin? I'll take a hundred thousand real dollars now over a million bitcoins in 2013, thankyou very much.

MtGox has been fundamental to the whole pump-and-dump side of bitcoin so it wouldn't surprise me if they're manipulating the market.

gst on June 13, 2011 [–]

I guess that they currently already earn something like hundread thousand dollars a month, based on the current volume and their trade charges.

estel on June 14, 2011 | [–]

According to http://www.smartmoney.com/invest/stocks/the-bitcoin-triples-... they were making $40,000 a day. That's pretty incredible.

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