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Author Topic: I found the chart that we should be looking at  (Read 1350 times)
yokosan (OP)
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September 11, 2014, 09:04:43 PM
 #1

https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60&timespan=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.
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yokosan (OP)
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September 11, 2014, 09:06:47 PM
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Also https://blockchain.info/charts/bitcoin-days-destroyed?timespan=2year&showDataPoints=false&daysAverageString=60&show_header=true&scale=0&address=
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September 11, 2014, 09:08:18 PM
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I think it's the reverse, price is dropping so old coins are not moving to the exchanges
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September 11, 2014, 09:16:58 PM
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I like your theory, supporting it with all my hopes... Smiley
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September 12, 2014, 07:44:02 AM
 #5

https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60&timespan=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?

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September 12, 2014, 12:56:11 PM
 #6

https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60&timespan=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
yokosan (OP)
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September 12, 2014, 06:44:26 PM
 #7

https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60&timespan=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.
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September 13, 2014, 06:55:20 AM
 #8

Interesting

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HeliKopterBen
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September 13, 2014, 12:24:28 PM
 #9

https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60&timespan=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.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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