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    Author Topic: State of TradeHill [Bitcoin.com Announcement]  (Read 4267 times)
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    August 18, 2011, 08:02:09 PM
     #21

    Out of interest I looked at the data from bitcoincharts.com which gave 70.86 days of data. According to that $2,568,748 was traded on tradehill in USD (There is the liberty reserve data as well which I didn't include). This is $36,251 a day on average. With the 0.56% commissions that is $406 a day extrapolated to $148,190 a year. Considering Tradehill seems pretty good (And compared to mtgox) and bitcoin will likely grow further, that seems pretty good to me. Though when Tradehill started the volumes were higher but have dropped off a bit yet I think bitcoin can grow further.

    $148,190 a year seems awfully small to pay the salaries of several employees and all the hosting, security and developmental costs. Some investor(s) must see a very bright future for bitcoin, and be willing to risk a lot in pursuit of their vision.
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