Quote from: smooth nobody on November 20, 2018, 08:57:51 PM

i've been in the game since BTC was at $20. when it hit $1000 and tanked to $100 my buddy told me i was an idiot for not selling. i'm glad i didn't. he also said something that caught my attention. he started talking about how the government and banks want to destroy BTC cause it threatens/competes with the financial system. he also believes the uber rich want to control it and profit through manipulation. seeing these massive price drops makes me think back to when it hit $1000. there seems to be a pattern of huge drops and then explosive growth. what if big players are trying to influence the market by destroying confidence or make massive amounts by pushing the price down so they can buy it up? coin base says BTC market cap is $71 billion. there are plenty of individuals and corporations who can straight up buy every BTC in existence. bezos alone is worth $160 billion and some banks are worth hundreds of trillions. it would not take much effort to flood the market cause a panic and buy it up. i've heard plenty of stories about wealthy business men stroking fears after WW2 so people would rush to sell and they were there waiting to buy. there are so many angles on why somebody would want to destroy control or profit from BTC. governments want control over everything and are furious individuals are making tax free money. banks and payment processors are pissed people are able to cut out the middle man which hurts their revenue. some people are so rich they don't even care to make more money off it, they get wet just thinking about how they can squeeze it and poke at it and twirl it around their little fingers. when you get to a point you have so much having control means more than having another billion.

Of course there are whales, the rich people, but I highly doubt anybody is intentionally doing things at a loss just for fun or to feel control so to say.. They can predict the market because they can move the market and that's a major advantage at making money in exchanges