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.
If Bitcoin is going to reach its economic potential it needs to be resistant to these manipulation attempts. In that sense the problem lies more with the immaturity of Bitcoin rather than that the world is filled with donkey holes. I am sort of surprised though at the lack of help from "early" early adopter evangelists to stabilize the currency.