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Title: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: iamphoenix on February 07, 2014, 08:03:19 AM https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=true×pan=all&daysAverageString=1&scale=0&address= (https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=true×pan=all&daysAverageString=1&scale=0&address=)
Title: Re: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: cottoneyeJoe on February 07, 2014, 08:15:11 AM Might this show that some long term holders foresaw the withdrawl suspension at gox (and resulting price corrections across the exhanges) and elected to move their coins to safer harbors?
BDD is weighted toward coins that havent moved in some time, so the implication is that it was old money. Then again, combined exchange volume seems to be 4x what is has been over the last week or so, so maybe large numbers of weak hands panicing? Title: Re: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: dserrano5 on February 07, 2014, 08:55:30 AM Could be gox touching some cold wallet to fix their woes while the BTC withdrawals are halted.
Title: Re: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: Beliathon on February 07, 2014, 09:20:10 AM A healthy practice is to check the FIAT value of bitcoin as infrequently as possible.
I recommend once every 3-6 months at the most. Day-to-day and week-to-week fluctuations are as meaningless as turn 5 of a Civilization game. Title: Re: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: Steelie on February 07, 2014, 10:19:53 AM A healthy practice is to check the FIAT value of bitcoin as infrequently as possible. I recommend once every 3-6 months at the most. Day-to-day and week-to-week fluctuations are as meaningless as turn 5 of a Civilization game. Nice one.. love the analogy you used. Title: Re: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: EvilPanda on February 07, 2014, 10:27:55 AM A healthy practice is to check the FIAT value of bitcoin as infrequently as possible. First post and already such wisdom :)I recommend once every 3-6 months at the most. Day-to-day and week-to-week fluctuations are as meaningless as turn 5 of a Civilization game. Title: Re: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: Sonny on February 07, 2014, 12:20:11 PM A healthy practice is to check the FIAT value of bitcoin as infrequently as possible. I recommend once every 3-6 months at the most. Day-to-day and week-to-week fluctuations are as meaningless as turn 5 of a Civilization game. Well said... :) Title: Re: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: VforVictory on February 07, 2014, 12:37:06 PM A healthy practice is to check the FIAT value of bitcoin as infrequently as possible. I recommend once every 3-6 months at the most. Day-to-day and week-to-week fluctuations are as meaningless as turn 5 of a Civilization game. But, but, I just created my first Warrior! *cough* <_< Title: Re: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: Frost000 on February 07, 2014, 01:37:05 PM I wouldn't worry about it either, though not checking the price for months... I'm not so sure of.
I say that not because I'd be in panic mode if it crashed, but rather to seize crash opportunities to buy more BTC. Title: Re: Looks like a new record for BDD, Is this crash far from over? past monday? Post by: Mr. Socko on February 07, 2014, 01:58:25 PM A healthy practice is to check the FIAT value of bitcoin as infrequently as possible. I recommend once every 3-6 months at the most. Day-to-day and week-to-week fluctuations are as meaningless as turn 5 of a Civilization game. Actually if you look at bitcoin as an investment that's not wise... it feels good to say it and lots of people love to say it about their 'investments' but it's simply emotional pandering, not absolute truth. Lots of people continue to hold losing stocks as they crash down to zero, being emotionally stubborn when a simple stop loss would have saved them tons... not saying that's the case here, I'm just applying this in a broad financial sense. Saying it's not a loss until you 'sell' that it's just on paper is another thing said by people losing money. Winners know better. Also keeping to the position that bitcoin is a currency thus no need to convert it to USDs again is a very noble philosophy. We shall see how it plays out. |