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Author Topic: Velocity of Bitcoin  (Read 599 times)
ashaw596
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May 23, 2013, 02:10:56 PM
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You know, I did a quick calculation, and about 10% of the entire bitcoin volume is transacted every day (hopefully I didn't misplace a zero). Thats pretty high. Anyone economists here actually know if this is a good thing or a bad thing and what it might do to the value of bitcoins?
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May 23, 2013, 02:12:17 PM
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Moving money from the same person's address to another address doesn't have to do anything with "transactions".
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May 24, 2013, 12:36:53 PM
 #3

You know, I did a quick calculation, and about 10% of the entire bitcoin volume is transacted every day (hopefully I didn't misplace a zero). Thats pretty high. Anyone economists here actually know if this is a good thing or a bad thing and what it might do to the value of bitcoins?

Care to show your working out and we'll see if you misplaced a zero? Smiley

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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