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Author Topic: Snowball effect?  (Read 1883 times)
jamesc760 (OP)
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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...
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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.

 
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ElectricMucus
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July 31, 2013, 12:04:30 AM
 #3

It's called Pavlovian conditioning.
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July 31, 2013, 12:51:18 AM
 #4

Definitely a LOT of flakes here!  Tongue
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July 31, 2013, 03:13:53 AM
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XXthetimeisnowXX
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July 31, 2013, 04:16:55 AM
 #6


+1  and not ust barly over 100 its 109+ right now yaaa
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July 31, 2013, 04:25:08 AM
 #7

Hopefully its an Avalanche Effect, completely burying anything its path.
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July 31, 2013, 05:52:52 AM
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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??



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