wmr42393
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November 16, 2014, 03:20:05 AM

that monetary velocity formula is a convenient fiction for ivory tower academic economists, e.g. I don't see anything about an human psychology factor in there.

Here's the one I use:

Bmo = N x A

Bmo ~ total value bitcoin M0 (also called 'market cap')
N ~ total number of entities holding bitcoins
A ~ average Amount of value holding entities are willing to hold in btc

It appears likely that N is only going to keep increasing for the forseeable future (perhaps with exponential adoption rates at times).
A will stay around the same but also may increase as the confidence in holding value in btc becomes firmer.

so ...  you're saying buy yes ?