Really? So 700k per day was fine but 900k was too much? Or what's your explanation? Nobody knows how much new money was being invested in bitcoins daily, hence the only way to know how high it could have gone was to push the price to the top and see where it breaks.

Just what it did. Now, for a twist of that same data, if you realistically think there were at least 800k invested in bitcoin daily, that would mean at current price levels that 16,000 new coins should be sold daily, minus 3600 mined coins, means 12k new coins out of nowhere daily! So this low price of 50 is unsustainable!

Or I just used an arbitrary number tied to basic bitcoin statistic to prove my point.