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Title: I found the chart that we should be looking at Post by: yokosan on September 11, 2014, 09:04:43 PM https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=1year&scale=0&address=
The movement of old coins is slowing down which indicates that the market will soon shift in favour of the bulls. Get ready. Title: Re: I found the chart that we should be looking at Post by: yokosan on September 11, 2014, 09:06:47 PM Also https://blockchain.info/charts/bitcoin-days-destroyed?timespan=2year&showDataPoints=false&daysAverageString=60&show_header=true&scale=0&address=
Title: Re: I found the chart that we should be looking at Post by: jbrnt on September 11, 2014, 09:08:18 PM I think it's the reverse, price is dropping so old coins are not moving to the exchanges
Title: Re: I found the chart that we should be looking at Post by: oneinall on September 11, 2014, 09:16:58 PM I like your theory, supporting it with all my hopes... :)
Title: Re: I found the chart that we should be looking at Post by: lyth0s on September 12, 2014, 07:44:02 AM https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=1year&scale=0&address= The movement of old coins is slowing down which indicates that the market will soon shift in favour of the bulls. Get ready. I never understood that metric that well. How does one know if the bitcoin days destroyed are old or new coins? Could a few old coins be the same as many new coins? Title: Re: I found the chart that we should be looking at Post by: zimmah on September 12, 2014, 12:56:11 PM https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=1year&scale=0&address= The movement of old coins is slowing down which indicates that the market will soon shift in favour of the bulls. Get ready. the chart PEAKS with bubbles actually... last peak is in october, just before the november peak Title: Re: I found the chart that we should be looking at Post by: yokosan on September 12, 2014, 06:44:26 PM https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=1year&scale=0&address= The movement of old coins is slowing down which indicates that the market will soon shift in favour of the bulls. Get ready. I never understood that metric that well. How does one know if the bitcoin days destroyed are old or new coins? Could a few old coins be the same as many new coins? Sure, but it would be impossible for new coins to match say 1,000 BTC that has been sat doing nothing for 3 years. Title: Re: I found the chart that we should be looking at Post by: statdude on September 13, 2014, 06:55:20 AM Interesting
Title: Re: I found the chart that we should be looking at Post by: HeliKopterBen on September 13, 2014, 12:24:28 PM https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=1year&scale=0&address= The movement of old coins is slowing down which indicates that the market will soon shift in favour of the bulls. Get ready. the chart PEAKS with bubbles actually... last peak is in october, just before the november peak The troughs are also near bottoms. Its a leading indicator. |