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This headline suggests that the Bitcoin price has momentum. It does not intrinsically have momentum. Tomorrow’s price could be $10k or $2k.
by ttul 9y ago
This headline suggests that the Bitcoin price has momentum. It does not intrinsically have momentum. Tomorrow’s price could be $10k or $2k.
- rubidium 9y agoPedantic point: It would need mass or travel at the speed of light to have momentum. Saying it accelerates merely implies it has velocity which is quantifiable over time. If velocity= change of price over unit time, then it is accelerating.
- joe_the_user 9y agoIf markets were perfect, no market would have momentum because an asset's value would be based on present reality rather than past prices. But markets involve trade by humans and humans use past prices as a substitute for rational deductions. Thus any market can have (metaphorical) momentum, especially one where the objective value is difficult to determine and bitcoin certainly to be in this latter category.