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Sk8eM dUb
replied 2310d
We must be getting our definitions crossed somewhere. Explain why purchasing power is directly correlated to "sent in USD" which is the best indicator of velocity I can think of:
Sk8eM dUb
replied 2310d
Here's hoarding inversely correlated to velocity and purchasing power: https://bitinfocharts.com/comparison/top100cap-sentinusd-btc.html#log
Sk8eM dUb
replied 2310d
Looks to me that the trend reversals are happening in the Top100 first(after the initial distribution). If it's true that would mean velocity causes purchasing power.
replied 2310d
The opposite is true, velocity (all other things being equal) reduces the purchasing power (price per BCH) and total market cap.
Sk8eM dUb
replied 2310d
I think that's why things like Tipping Tuesday are so heavily trolled and down voted on reddit, cuz it gets the money moving moving ultimately increasing it's power.
replied 2310d
If the tip makes the persons getting the tip buy and hold BCH then it will have an upward effect on the price, but the price of BCH does not go up by people using it to transact. If ->
replied 2310d
🤖 1 BCH = 440.39$ 📉 -2.37%
Tips = fuel️
replied 2310d
-> it was the case that more transactions/trades meant higher price, we would see a feedback cycle of spend/replace that would make the crypto increase independent of aggregate holding