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Title: Snowball effect? Post by: jamesc760 on July 30, 2013, 11:18:39 PM Bitcoin price is slowly gaining momentum. I'd like to attribute it to the snowball effect, a flake by another flake, rolling and rolling, gathering more and more flakes. Pretty soon, we're going to have a massive ball rolling over anyone and anything. One can dream...
Title: Re: Snowball effect? Post by: Impaler on July 30, 2013, 11:31:31 PM I'd hardly call it momentum, the rise from just below to just above $100 has been very slow by the standards of earlier volatility. Also it's interesting to note the huge gap that's opening between the bid/ask depths, thouse would be predicting a price of over $150 now, so were seeing an unresponsiveness to this metric which suggests some new market dynamic is at play, though it is some what similar to what we saw in May.
Title: Re: Snowball effect? Post by: ElectricMucus on July 31, 2013, 12:04:30 AM It's called Pavlovian conditioning.
Title: Re: Snowball effect? Post by: Bitcoin BEAR on July 31, 2013, 12:51:18 AM Definitely a LOT of flakes here! :P
Title: Re: Snowball effect? Post by: Spekulatius on July 31, 2013, 03:13:53 AM Title: Re: Snowball effect? Post by: XXthetimeisnowXX on July 31, 2013, 04:16:55 AM +1 and not ust barly over 100 its 109+ right now yaaa
Title: Re: Snowball effect? Post by: hyphymikey on July 31, 2013, 04:25:08 AM Hopefully its an Avalanche Effect, completely burying anything its path.
Title: Re: Snowball effect? Post by: vokain on July 31, 2013, 05:52:52 AM Title: Re: Snowball effect? Post by: vokain on July 31, 2013, 05:55:02 AM while the poor little bears gets left behind and buried :'( it's okay there's still time, but will they all make it??
http://www.lastpolarbears.com/comics-archive/2012-10-22-022.jpg |
