So on Mt Gox there are about 58K BTC with sell orders out of 8.3M out there. That's about a half a percent and the other 99.4% are being horded. Shouldn't that have any relevance to the current price? On a previous poll* around 75% of 123 voters think that a Bitcoin buyout should be valued at least $300 each Bitcoin. So why is the price <$5, and is there anything we can do to the market depth to convince people to stop selling them so cheap?

*https://bitcointalk.org/index.php?topic=63763.msg747045#msg747045