Now I have a real question in your opinion should I calculate lower or keep the same price target
its up to you
you have all the info, you make up your own mind.
I think it should go up, but i know that just because something should be doesn't mean it will be.
good luck.
Fair enough thanks Adam and it is an annoying puzzle.
I know that the price is dropping but don't know how strong the damn price elasticity is and whether structural pressures are greater right now than demand lot of sellers because of all the VC's saturating the demand for Bitcoins for now.
From a perspective that people are always converting that part is a no brainer, but how long will it take till Bitcoin demand itself increases.
(In other words in my head the fall from 600 to 300 will rebound in turn and with gains later)
Time duration for me is 1-3 months in a normal asset in Bitcoin its accelerated so it stands to reason it could be 3 to 8 weeks lol. (Then again humans tend to be slow in aggregate so maybe it would follow a normal usage and adoption curve)
Some of the great unknown factors for me are the impact Apple Pay will have in the market and how much demand may move sideways into bitcoin or move away from it until more established players are in the game, sure theres Braintree but it does make me curious how that will impact market dynamics didn't get the Alibaba info yet or read much into it but will need to look at this later.