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Author Topic: Exchange waiting list potential  (Read 582 times)
medicine (OP)
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April 01, 2013, 01:25:38 AM
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Noticed in this thread https://bitcointalk.org/index.php?topic=162758.0 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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