The price has been recently taking massive swings. It has gone from 320 to over 400, and back down, 2 times. I am not sure what to understand from it.
It has one reason. Something which is new to Bitcoin since this year: Dumpers who do everything in their power to take the price down. Every single time.
We're gonna have a real hard time going up again.
I just don't understand what caused this behaviour. They just refuse to let the price go up.
It's absolutely crazy.
Only thing I can think of is, lower prices with same price-swings means more % increase.
When the price is 2000, a $100 dollar price swing means a lot less than it does now.
It's hilarious how most traders in this thread justify all this behavior.
Claiming how all this dumping is natural and necessary, they should try a politicians job, they'd be good at it..