Manipulation never comes to an end with bitcoin and cryptocurrencies. Depending on the market capital and the growth experienced the manipulation too happens. The bubble popping is just a outcome and these days the hands of China alone have got down in the price manipulation.
dude this topic is old and someone just bumped it up as a fun thing to laugh at the starter of this topic which is a known troll who is repeating the same thing as price drops. if you read what he is saying you see he is calling the drop down to $300
meanwhile price is testing $1400 resistance.
Topic is about four months old... but still, the subject matter is now as up to date as it was then.
I must agree that there might be a bubble blowing up, but I don't agree with the 99% hypothesis.
And I am sure that during the last months, the diversification of bitcoin has grown and not concentrated amongst a few people even further.
That is one thing that gives me hope why the actual high in price won't lead to a too harsh bounce back.
It looks like this could be a bubble. The price keeps going up so there's got to be a correction at some point.
Bitcoin is digital gold and I think bitcoin waits the same future as gold as we know it. The price will be growing and in some moment the grow will get slower and bitcoin will jump around some price which will be counted like the medium price.
I think the price will not drop in the long term as there are more people into the bitcoin. According to Coinbase, it is 40k a day.