"Bitcoin Accumulation sighted" Price versus Velocity

[Spekulatius]

Just found this on reddit:


http://news.goldseek.com/GoldSeek/1373983200.php

Thats some interesting chart. My interpretation of it is: 
Old coins have been moved towards and from the top, always above 100 USD. You can see that when you filter out coins younger then 1 year or 1 month at least on blockchain.info:
https://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

The younger coins are in circulation since. Because this measurement weights the older coins heavier it is biased towards pronouncing movement of old coins in saving wallets versus younger ones that have the highest velocity. Note that the volume during the times shown in the chart =/ BTCdays destroyed! The volume on the exchanges is not showing up on the blockchain until withdrawn. So what it tells you besides that old coins have been moved around alot during the bubble is that BTC withdrawals/deposits have decreased after price went below 100 USD.

[zby]

After the crash people are just trading among themselves on the exchanges - i.e. all are short term speculators.

[ElectricMucus]

After the crash people are just trading among themselves on the exchanges - i.e. all are short term speculators.

Or nobody wants to be left holding the bag, a lot can happen in one hour in this market.