Velocity of Bitcoin

[ashaw596]

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?

[1715446406]

1715446406

[N12]

Moving money from the same person's address to another address doesn't have to do anything with "transactions".

[ManBearPig]

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?