2. Someone who does believe in the future of bitcoin is using the same tactic to drive the price down so they can load up at a very low cost.
Thoughts?
Highly unlikely.
With a drop like that (+93%), the reputation of bitcoin is probably already damaged to the point where it will never return to previous highs, or even close. Thereby rendering any effort to "load up" and sell later for profit a futile endeavour.
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