Bitcoin Forum
December 11, 2024, 02:32:19 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Snowball effect?  (Read 1905 times)
jamesc760 (OP)
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
July 30, 2013, 11:18:39 PM
 #1

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...
Impaler
Sr. Member
****
Offline Offline

Activity: 826
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile
July 30, 2013, 11:31:31 PM
 #2

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.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
CryptoTalk.org| 
MAKE POSTS AND EARN BTC!
🏆
ElectricMucus
Legendary
*
Offline Offline

Activity: 1666
Merit: 1057


Marketing manager - GO MP


View Profile WWW
July 31, 2013, 12:04:30 AM
 #3

It's called Pavlovian conditioning.
Bitcoin BEAR
Full Member
***
Offline Offline

Activity: 143
Merit: 100


View Profile
July 31, 2013, 12:51:18 AM
 #4

Definitely a LOT of flakes here!  Tongue
Spekulatius
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000



View Profile
July 31, 2013, 03:13:53 AM
 #5

XXthetimeisnowXX
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


a wolf in sheeps clothing. suckerfish


View Profile
July 31, 2013, 04:16:55 AM
 #6


+1  and not ust barly over 100 its 109+ right now yaaa
hyphymikey
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000



View Profile
July 31, 2013, 04:25:08 AM
 #7

Hopefully its an Avalanche Effect, completely burying anything its path.
vokain
Legendary
*
Offline Offline

Activity: 1834
Merit: 1019



View Profile WWW
July 31, 2013, 05:52:52 AM
 #8

vokain
Legendary
*
Offline Offline

Activity: 1834
Merit: 1019



View Profile WWW
July 31, 2013, 05:55:02 AM
 #9

while the poor little bears gets left behind and buried  Cry it's okay there's still time, but will they all make it??



Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!