look it is quite clear there is far more value for those that can control the price to keep crashing and pumping it rather than going straight up
they want all the btc
most people will not have the nerves for this kind of action and will be raped hard.
And weak hands are giving them exactly whay they want. To purchase more btc at bargain prices. That's why its important for every investor to learn about the market first so they won't fall prey to manipulators.
the thing about making profit from bitcoin is timing and knowing when to do what. and those who are making profit are doing it silently without anybody noticing.
you just have to know the trend and go with it not against it. but what usually happens is that people buy too late and sell too late creating a chaos in the market.
Timing is crucial in this crypto market. Nobody can really predict prices but by following from very closely the markets, reading blogs, newssites than you can make some nice profits.
My goal is also holding for a long term, but will cash in a part to have profit and than speculate with the rest.