The government is the right place to blame. Why? Because they act to slow for this kind of method of payment? You can see the future of this bitcoin and still they are still finding more and more regulation just to control this bitcoin just for themselves and that is not for us. And the media is like mediator to connect us and government so they will know how big is this bitcoin is
What does the gov have to do with anything? Bitcoin works fine without their blessing or regulations. Regulations have absolutely nothing to do with the stifling of the price so we can't just keep blaming them.
Having government going against btc do impact btc price.
Were you around when btc went from $1100 to $300 within one week when china put a ban on it?
I don't remember that Bitcoin went from 1100$ to 300$ in just one week. IIRC, at first it went down to ~900$ then bounced back a little, then dropped to about 650$ where it stayed long enough (certainly longer than one week). Later it fell to around 450$ where it had been for a few months...
Pumps are like that, so they catch all the weak hands when they are sleeping, just like a whale setting a trap for small fish. The first 30 USD bubble was the same. Long period of long trend, then out of fucking nowhere price goes like x30