MultiversX Tracker is Live!

Retail investor demand for Bitcoin is NOT lowest in 3 years.

Bitcoin Reddit

More / Bitcoin Reddit 19 Views

Retail investor demand for Bitcoin is NOT lowest in 3 years.

Previous highly upcoted post from about 12 hours ago was claiming this showed retail demand is the lowest in 3 years. Completely FALSE. OP needs to learn what rolling 30 day % change figures are and how they work.

To put it simply... Lets say for arguments sake that retail volume was 100 Bitcoin daily.

If retail volume is up roughly 30% over 30 days (AKA the spike in the graph to 30% or so, clearly due to election result), that means daily retail demand is now 130 Bitcoin.

If over the next 30 days the daily demand is down 20%, it means daily demand is now 104 Bitcoin.

AKA the daily demand is not only not even remotely close to the lowest in 3 years. It's not even the lowest in the last 60 days. It is in fact higher at the end of the 20% fall than 60 days prior.

TLDR: Be careful when drawing conclusions from graphs. Especially graphs of percentages!

submitted by /u/Afrikiwi
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments