I don't even understand the Copernicus reference.







It's likely that we cannot exactly attribute meaning to overall market behavior.  Of course, there are motivations to make money and there are also motivations to attempt to destroy the asset, if possible.  So the negative motives and the positive motives balance out to a battle, and sometimes there can be profits in other areas that are made by keeping BTC low.. for example if BTC is a threat to your business model or even some governments (to the extent that they are able) might engage in tactics to attempt to push the price down through rulings, prosecutions, FUD spreading, etc.



Sure there is likely some of that going on, too.


Of course, the motivations are going to be diverse, and surely frequently even the bearwhales might not understand how far they can push matters, and surely it is more profitable if they can dump early and cause a contagion in which others end up going along with it while they are slowly acquiring back their position without pushing the price up (which acquisition might take place OTC while dumping may occur on exchanges to cause the most negative influence as possible), and surely sometimes even the bearwhales lose control and may switch sides to start to buy when they figure that they are no longer able to push the price down.. the trend is your friend, as we know.


There is a mixture of the employment of old tools, but of course, bitcoin and other crypto is bringing about some different dynamics in trading, too, including more abilities for laypeople to get in which contributes to more extremes and manipulators trying to take advantage of way broader amateur traders.  Of course, there is some wild, wild west aspect, too in terms of trying to figure out what the asset is and attempting to figure out whether it should be regulated or not, so the extent to which any regulation exists in bitcoin and other crypto is a developing area - that also creates some new dynamics that likely play out differently from a more mature market.

Certainly there remains differences of opinion (and some people are going to bet correctly and some will get it wrong) regarding whether bitcoin is an actually new asset class or if the old tools will apply, and furthermore, there is differences of opinion regarding whether the four year fractal patterns are good predictors of BTC's likely price performance, and also disagreements regarding whether bitcoin is in a s-curve exponential adoption curve including what stage of the curve it is in, if it happens to be in such curve.  Some folks will be right and others will not, but does not stop the ongoing attempts to battle and to attempt to physically force the BTC price to go much further than expected and for much longer than expected, but part of my own personal theory remains that status quo institutions and whales are having quite a difficult time to try to keep bitcoin prices down, and sure they might have some more tricks up their sleeves, perhaps? perhaps?