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Topic: Exchange waiting list potential (Read 582 times)

hero member
Activity: 697
Merit: 501
March 31, 2013, 09:25:38 PM
#1
Noticed in this thread https://bitcointalksearch.org/topic/little-mtgox-help-162758 that someone mentioned the Mt.Gox waiting list was 8000+

Doing some quick math, if we assume on average that each new account will purchase 250USD of Btc, (a number I just made up, but follow my reasoning here) then that is 8000x250USD= 2,000,000USD.  Looking at the trading depth on the ask side, even at an average price of 110USD/Btc that money could purchase over 18,000Btc.

This more of a thought than a calculation, but my point is that the average holder of coins probably doesn't want to sell in the short term.

Peace
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