These are the 2 most important charts
https://blockchain.info/charts/trade-volume?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
https://blockchain.info/charts/trade-volume?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Yup.
Definitely the most important, especially this one:
https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false×pan=all&show_header=true&daysAverageString=7&scale=1&address=
But, but... which are the good ones?
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EDIT: Fwiw... the s&p looks like it might bounce up hard for a while, likely it will top off and fall harder which will cause another upswing. Might go on for months or the markets might carry on climbing, bounces will likely send btc up in steps and could easily trigger a bubble.
Thanks, but I don’t think I can see the bullish side for much longer.
A volume of 60 mil/day from a market cap of >5bil is like expecting one /everyone?!/ to carry like 10k USD in cash in his/her wallet just to pay for a regular restaurant meal… That’s after 5 years, day by day and actually it was going for worse during the last 10 months… I hope you can see my point? I mean velocity is awful but generally speaking a lot of other figures don’t seem to fit at all into the large bullish picture.
Well, let’s hope for the best but I expect the correction will continue down to the bone.