Your comments are very interesting.
I wonder if you guys have an insight on the "fixed" factors that influence price, apart from what is making it change right now? I am more interested in those...
Bitcoins only fixed factors currently are the amount of coins being created to the amount of people feeling the need to own them .
Bitcoin only has less than 1% of the current financial market , fiat forex markets are basically governed by commodities and political policies none of which apply to bitcoin.
Think of bitcoin as a protection mechanism .
Fiat has been devalued by governments a lot since 1971 ,when the dollar and gbp got detached from the commodity Gold ,this allowed the current state of print you way out of debt .
Gold was the only thing that stopped governments printing there way out of debt and burdening the citizens will weaker currency.
Humans have proven to be untrustworthy to self regulate sovereign currency .
Crypto currency brings back control of financial instruments by having limited supply the same roll gold used to play and taking control from governments who have proven historically to burden their citizens with the un-necessary debts for wars .
Fiat has always ended badly historically ,the reason you should be in crypto is that at some point your fiat will be de-valued typically by 30% ish ,instantly making the crypto you own 30%ish more valuable ,while making anyone holding fiat 30% worse off.
Cyprus took bitcoin to $270 and that is a very small economy image what would happen if a reasonable size economy was to default .
The Uk de-valued it's currency against the dollar by 100% to pay debts ,governments just stick that burden on their citizens they never actuallly pay anything off .