Bitcoin's only intrinsic value is confidence. So "weak hands" will mean strong hands, and vice versa at some point in the future if I am correct.

Flash crashes (and note this recent one was planned along with a DNS DoS against this forum) could serve two purposes at least if I am correct about who created Bitcoin and their ultimate objective:

1. Condition Bitcoiners to try to speculatively time a trade because they don't have more cash flow to buy more with on next flash crash then their BTC holdings decline as they sell lower than they rebuy.

2. Induce those with cash flow to become more fully invested in the ponzi bubble, i.e. less diversified. Log scale is not so meaningful because the cash flow is not increasing exponentially.

This will further the purpose of destroying the libertarian, free market resistance to the NWO.

Reality really depends on perspective. Ultimately we will have more data, i.e. the Bitcoin price in 2020.