Quote from: Torque on May 07, 2014, 12:58:51 AM

Quote from: Bitcoin BEAR on May 07, 2014, 12:40:56 AM

Quote from: Kupsi on May 06, 2014, 11:10:01 PM

It looks like coins now are moving into cold storage instead of out of...

https://blockchain.info/charts/bitcoin-days-destroyed?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=1&address=

Looks to me like no coins are moving at all

It appears the last time it crossed below 2M days destroyed was early July 2013, the bottom of the April bubble. Hmmm.. hrmrmrmrm

So what?

Old hands are refusing to sell? We knew that already. However, miners have to sell. They can only max their credit cards out so much.

So, no new fiat, downtrend continues, even if we go to 0 days destroyed.