The development since late December shows very clearly what is happening.
The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.
It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.
Except on every round the dip gets deeper and deeper.
The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.
Face up to reality, the party is over.
what "game" exactly is over? the bitcoin iself or the days of making big money from bitcoin?. there is a big difference and i think some people don't care much to point out the difference between bitcoin as a currency and bitcoin as an investment and forget that there are people/companies who actualy accept it as a coin when they sell some product or service.
when bitcoin becomes less of an investment it becomes more of a currency cause its price becomes more stable and convinient for people who actualy use it as a coin and i think this is exactly what will happen.