It's all a complete mess now, the manipulation that drives the market has become so painfully obvious that even the most perma of perma-bulls can't deny it. The "noveau riche" as you call them are just lining their pockets further at the expense of practically everyone else. This only ends when it becomes nearly impossible (or not worth their effort) to manipulate because all the suckers have been scared off and they have no one left to shake down, but that could take a long, long time as noobs continue to pile in. People who think multi-billion investment is just around the corner are utterly deluded, who in their right mind is going to enter this market with vast sums of money?
I genuinely believed we were entering final capitulation, blood on the streets, blah blah blah, christ I'm even writing those posts myself now. What a great time to buy!!! Yeah right... bitcoin is completely fubar at this moment in time.