I'm pessimistic, as the price of the bitcoin has gone up 10% and then 20% down, it really makes the price of the bitcoin looks very confusing. Maybe a lot of the speculators who benefit, but to me it is not.
As a newbie you might not bitcoin value is volatile. Many speculations are saying that bitcoin value is move to skyrocket and in furure. According to me its true I think because, Price bump mostly depend upon and supply, demand and adoption. We see that many adoption for btc as a payment and mode of payment.