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Interesting statistic- Bitcoin Days Destroyed skyrocketed during this crash. http://blockchain.info/charts/bitcoin-days-destroyed http://blockchain.info/charts
by waterlesscloud 14y ago
Interesting statistic- Bitcoin Days Destroyed skyrocketed during this crash.
http://blockchain.info/charts/bitcoin-days-destroyed http://blockchain.info/charts/bitcoin-days-destroyed
BDD measures how many "old" coins are being moved around, so it seems likely that a lot of early adopters cashed out this time. Will be interesting to see what that means for the future of the BTC itself.
- maxerickson 14y agoIt provides some information about the dwell time of coins. It's hard to see through it and say much about just how old the coins trading are. It doesn't take all that many old coins to get to 50 million BDD (~ a weeks worth of 3 year old coins...) My rough calculation is that there are more than 5 billion bitcoin days outstanding, so there is still plenty of room for a wild stampede.