1.Price dropped because the "money makers" simply do not like competition.
2. People are greedy fools and this makes them part of the problem.


Bitcoin in the future being made illegal is also something that can not be discounted as a possibility.


More on 1: bitcoin was suppose to be an alternative to the establishment and not some speculative instrument traded by bots to later...transfer it all back to fiat and make a quick buck from it at the expense of everyone else...not to mention...that as in fiat...also in bitcoin....few own the large majority of it.