Why does everyone say that the increase in bitcoin is based on trading activities, even though many of the traders kill each other. When bitcoin goes down, everyone panics will lose their money. If the whole person thinks the same it will result in a massive market decline. Maybe when this is the best time to buy, I see a potential long-term increase.
It is a psychologically effect. It can't be controlled or regulated, it is what it is. Speculation grows, and many strategies are used to keep people, say that is one of the strategies in existing.