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RE: Predicting the price of Bitcoin
Unfortunately the speculators outnumber the investors by a long shot. As much as they do not help things, they cannot be discounted. We live in an instant society and slow things get left by the way side. Blockchain.com has been desperate to find a replacement for BTC. They tried to salvage it with bitcoin cash and then by adding ETH now they are banking on Stellar. They know BTC is toast so they are milking the transactions on people getting out but also planning for the future with other options. DId you get your Stellar airdrop?
I suspect that over time there will be those that buy btc like they were forex trading euros Vs USD, etc. However unlike currencies btc has other network effect and I suspect that its survival will be tied to what it can additionally offer that just another currency cannot. I do agree with you that the speculators cannot be discounted. However my hope is that they don't control the conversation.
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