Anyone who thinks they can make a really good guess at the short term price of bitcoin is probably kidding themselves. its way to volatile to make a prediction like that.
baring any new negative news from other countries governments clamping down on bitcoin like china, india, and tawain have done in recent weeks. I personally would expect bitcoin prices to either stay stable or rise a bit in the coming 30 days. But keep in mind thats just a personal a opionon and it truly is hard to predict such short term changes in the price of bitcoin.
This. Bitcoin survives in a soup of hype and FUD right now. No one knows its true value. It has no fundamentals. It has no breakup value. It is an enigma. It is a commodity. It isn't a commodity. It is a currency. It isn't a currency. You can forget trying to price it. Mass psychology will govern its price. I don't even think it is reasonable to compare it with other payment services. It both far surpasses their capabilities yet can be duplicated with little effort. In short, unless you are a whale or have advance knowledge of hype/FUD coming down the pipe, don't bother with hard predictions. If you believe in the technology, buy. If you don't, better not hop on board.
We get it. Its unique, driven by mass psychology alone. But mass psychology is driven by sentiment, and sentiment is driven by news. I see a lot of good news in the next 6-12 months, so predict a big rise. Could be wrong, easily. But wasn't wrong the last 12 months.
