Not sure why people think that a BTC will be worth shit at the end.
Cant you see the price is being manipulated at this very moment? The price goes UP. Than a DUMP follows.
Imagine what this would look like without the dumps. Imagine where Bitcoin would be at that time. Just remember, dumping will not be forever. I feel a big fucking spurt rocketeering towards fucking MARS happening very soon. As in a month or two.
The dumps are only part of the problem, rising trends are suppressed with dark walls until either the market becomes demoralised or it passes the manipulators limits and when that happens its frequently followed by another round of dumping, that dump and hold strategy also shows up a lot on PM and forex markets.
I'm still highly suspicious of where the manipulator's getting the coins, maybe its another goxing but if it's the bankers then they've the funds to mine on unprofitable hardware and it fits in with their dominate or destroy practises but that alone doesn't cover the volumes being dumped. Payment processors may be another source, BitPay and Coinbase don't seem to have many problems with their banks and iirc Coinbase is run by an ex-banker
I agree with your thoughts on this. One add on the payment processor, at least Coinbase have said that try to sell merchant coins on the exchange market during the least volatile periods when it will affect the exchange rate minimally. I also believe that they are holding more percentage of coins now and doing more off-exchange merchant transactions.