So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop.
Source:
Report: PBoC Quashes Bitcoin Mining Ban Rumor in ChinaFurthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin
really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling?
well, to be honest i really cannot tell for sure what in the crap's name is truly responsible for all these price drops or corrections(as what others call it) that has been happening the all the crypto currencies present. because obviously no one knows what the truth really is(except for those people behind the market manipulations if there are really market manipulators). the percentage of all the reasons being thought of are completely equal to each other since they all can really be true or completely false. in fact, all these things might be the reasons behind every price drops for all we know.
having said all these, i really think that your guesses and other people's guesses are only as accurate or inaccurate as my guess.