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Topic: I found the chart that we should be looking at (Read 1386 times)

HeliKopterBen
hero member
Activity: 622
Merit: 500
I found the chart that we should be looking at
September 13, 2014, 07:24:28 AM
#9
Quote from: zimmah on September 12, 2014, 07:56:11 AM
Quote from: yokosan on September 11, 2014, 04:04:43 PM
https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=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.
statdude
legendary
Activity: 1498
Merit: 1000
Re: I found the chart that we should be looking at
September 13, 2014, 01:55:20 AM
#8
Interesting
yokosan
hero member
Activity: 700
Merit: 500
Re: I found the chart that we should be looking at
September 12, 2014, 01:44:26 PM
#7
Quote from: lyth0s on September 12, 2014, 02:44:02 AM
Quote from: yokosan on September 11, 2014, 04:04:43 PM
https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=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.
zimmah
legendary
Activity: 1106
Merit: 1005
Re: I found the chart that we should be looking at
September 12, 2014, 07:56:11 AM
#6
Quote from: yokosan on September 11, 2014, 04:04:43 PM
https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=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
lyth0s
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
Re: I found the chart that we should be looking at
September 12, 2014, 02:44:02 AM
#5
Quote from: yokosan on September 11, 2014, 04:04:43 PM
https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=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?
oneinall
newbie
Activity: 14
Merit: 0
Re: I found the chart that we should be looking at
September 11, 2014, 04:16:58 PM
#4
I like your theory, supporting it with all my hopes... Smiley
jbrnt
hero member
Activity: 672
Merit: 500
Re: I found the chart that we should be looking at
September 11, 2014, 04:08:18 PM
#3
I think it's the reverse, price is dropping so old coins are not moving to the exchanges
yokosan
hero member
Activity: 700
Merit: 500
Re: I found the chart that we should be looking at
September 11, 2014, 04:06:47 PM
#2
Also https://blockchain.info/charts/bitcoin-days-destroyed?timespan=2year&showDataPoints=false&daysAverageString=60&show_header=true&scale=0&address=
yokosan
hero member
Activity: 700
Merit: 500
Re: I found the chart that we should be looking at
September 11, 2014, 04:04:43 PM
#1
https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=60×pan=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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