Topic: Bitcoin Days Destroyed more a measure of Hoarding or Spending? (Read 450 times)
In my opinion, the average coin age (the average amount of time bitcoins have stayed at their present address) is more accurate for measuring spending. Bitcoin Days Destroyed will increase with coin minting and destruction, whereas average coin age is not affected by new coin production.
I've read the BDD is supposed to be similar to the measurement of velocity for a currency, but that it also accounts for how long the bitcoins have been hoarded. I was wondering whether a rising BBD value is more indicative of spending or hoarding, or is it indistinguishably a mix of both?
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