verification queue is NOT a good indicator

[wopwop]

verification queue # also contains people that want to sell out and leave... (withdraw their real money to bank accounts)

this is a bad indicator

people saying that it's new people are liars that want to sell you their last coins

[yokosan]

Fine.

They also claim 20k new users a day.

Does this mean that there are hundreds of thousands of people out there that already had bitcoins? They are only now making accounts to sell them on MtGox?

Doesn't add up if you ask me.

[wopwop]

Fine.

They also clam 20k new users a day.

Does this mean that there are hundreds of thousands of people out there that already had bitcoins and are only now making accounts to sell them on MtGox.

Doesn't add up if you ask me.

uhm there are alot of people that had bitcoins but not an MtGox account that now want to get out

plenty of people didnt even buy bitcoins with real money you know... like miners... or bought on other exchanges years ago

also it seems that old MtGox users have to get verified again or something...




just saying: dont cry when you lose because you use this wrong indicator to buy

[GeoRW]

and after recent sell-offs most of people willing to buy will think twice before sending any money to MtGox after they are verified

[herzmeister]

After verification, they'll just follow the trend, or whatever they'll think is best to do.

It's true it's not a good indicator, but it for sure as hell is a great amplifier.