This is based on prior market moves. I believe we have switched gears forever.
That would be interesting, but I based my speculation on markets in general. There is nothing more dynamic than trade.
I still think it will bobble around, and given how early we are in this game, I think it could have some significant downswings. I don't think it'll drop like a rock again, however, as Germany has accepted it as currency, the US is considering it, and China seems rather bullish on it as well. That's some heavy hitters right there, and regulations, when they come, will likely drive prices higher as well.
But the biggest long term driver will be general adoption. The more people use it, even as savings, the higher it's likely to trade. I think this run up is partially a correction upwards, and partially a bit of mania. I don't think we've hit the top, but I do believe the parabola will start to bend to the right real soon. In a way, I hope I'm wrong, because if it keeps going up like a rocket, my little stash will be worth quite a bit. But this is the way I see it, as of the moment.
And now for something completely different, I love your sig!
