09-28-2022, 12:03 PM
Crypto HODLers at all time high
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/xptkih/crypto_hodlers_at_all_time_high/"> <img src="https://b.thumbs.redditmedia.com/HPmv133m5ZtS4ayEy_6A1bR3saYCc2EynuZGOHNMxBM.jpg" alt="Crypto HODLers at all time high" title="Crypto HODLers at all time high" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Something interesting happened today. <strong>The Bitcoin Coin Days Destroyed ( CDD ) has reached an all time low.</strong> </p> <p><a href="https://preview.redd.it/hojzhw34zgq91.png?width=1280&format=png&auto=webp&s=8f4093a747037c05aafd4c46a3e742d9f5a8fb3d">https://preview.redd.it/hojzhw34zgq91.png?width=1280&format=png&auto=webp&s=8f4093a747037c05aafd4c46a3e742d9f5a8fb3d</a></p> <h1>What does this mean?</h1> <p>Coin Days Destroyed is a measure of economic activity which gives more weight to coins that haven't been moved / spent for a long time. This is an important indicator as alternative to just looking at the total transaction volume. Summarized, Coins that are <strong>held in a cold storage</strong> as a <strong>long term store of value</strong> are considered economically important. It signals a notable change in long-term holder behavior.</p> <p><em>Example: UTXO ( Unspent Transaction Output ) for 1 BTC that is dormant for 100-days has accumulated 100 coin days.</em> </p> <p><strong>Low Indicator values occur when day-to-day dominates network traffic, older coins remain dormant & convinction to hold the asset is high.</strong> Usually a sign for a peak bear market. </p> <p><strong>TL;DR : PEOPLE ARE NOT SELLING.</strong> More and more decide to leave their bitcoin on a <strong>cold wallet</strong> the last months and sit the current times out not willing or plan to move them at all.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TarkovReddit0r"> /u/TarkovReddit0r </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xptkih/crypto_hodlers_at_all_time_high/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xptkih/crypto_hodlers_at_all_time_high/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/xptkih/crypto_hodlers_at_all_time_high/"> <img src="https://b.thumbs.redditmedia.com/HPmv133m5ZtS4ayEy_6A1bR3saYCc2EynuZGOHNMxBM.jpg" alt="Crypto HODLers at all time high" title="Crypto HODLers at all time high" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Something interesting happened today. <strong>The Bitcoin Coin Days Destroyed ( CDD ) has reached an all time low.</strong> </p> <p><a href="https://preview.redd.it/hojzhw34zgq91.png?width=1280&format=png&auto=webp&s=8f4093a747037c05aafd4c46a3e742d9f5a8fb3d">https://preview.redd.it/hojzhw34zgq91.png?width=1280&format=png&auto=webp&s=8f4093a747037c05aafd4c46a3e742d9f5a8fb3d</a></p> <h1>What does this mean?</h1> <p>Coin Days Destroyed is a measure of economic activity which gives more weight to coins that haven't been moved / spent for a long time. This is an important indicator as alternative to just looking at the total transaction volume. Summarized, Coins that are <strong>held in a cold storage</strong> as a <strong>long term store of value</strong> are considered economically important. It signals a notable change in long-term holder behavior.</p> <p><em>Example: UTXO ( Unspent Transaction Output ) for 1 BTC that is dormant for 100-days has accumulated 100 coin days.</em> </p> <p><strong>Low Indicator values occur when day-to-day dominates network traffic, older coins remain dormant & convinction to hold the asset is high.</strong> Usually a sign for a peak bear market. </p> <p><strong>TL;DR : PEOPLE ARE NOT SELLING.</strong> More and more decide to leave their bitcoin on a <strong>cold wallet</strong> the last months and sit the current times out not willing or plan to move them at all.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TarkovReddit0r"> /u/TarkovReddit0r </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xptkih/crypto_hodlers_at_all_time_high/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xptkih/crypto_hodlers_at_all_time_high/">[comments]</a></span> </td></tr></table>