Note, BTC is not implicated, it is too big.
ahhh..... so big in itself means it cannot be manipulated? Guess we should let Bernie Madoff out of jail then.....
Have you considered my previous question about looking in the mirror and figuring out which one of the two you are?
Have you even considered the implications of regulatory approval to create a bitcoin futures market on the CME?
And then the approval to create BTC exchange traded funds (ETFs)?
These are not events that occur for ponzi schemes.
Your point that BTC is not a currency is correct. But people here have limited understanding of the difference between a currency and a commodity. They might think gold is a currency.
People here are like people who hold any other asset class be it real estate, gold, or stocks. There is no more reason for the price of BTC to collapse than there is for the price of gold to collapse.