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Sk8eM dUb
replied 2311d
Sk8eM dUb
Here's hoarding inversely correlated to velocity and purchasing power: https://bitinfocharts.com/comparison/top100cap-sentinusd-btc.html#log
Sk8eM dUb
replied 2311d
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 2311d
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