Still, with no fix for the blocksize limit coming through in the near future, I don't think the price can continue growing to the moon; transaction volume is already at it's capacity ceiling, fees for transactions have grown a lot over the last weeks and are significant enough that it's quite clear that bitcoin cannot be used for daily payments unless the block size is increased.

I've been optimistic for quite a while now, surely the community would get together and agree on some good compromise plan wrg of capacity increases ... but, alas, apparently not. The grim reality I'm seeing is a full stalemate.

The current price reflects a belief that bitcoin is a viable alternative to cash - that is the vision I bought in at - but it isn't at the current capacity limits. Currently the almost only legitimate use-case for bitcoin is as an alternative to international bank transfers - and if the sender wants to send fiat and the receiver wants to receive fiat, one would probably be better off using the existing centralized fiat-based services instead.

I'm predicting the price will fall substantially in the near future.