@cellard, you may be right while thinking below $5,000 is a more realistic price, but an adjustment of 20% within a 24h period is not a "natural" adjustment. It's something that usually takes place within several days or weeks. I didn't read the news so don't know what's going on.
I've been reading the news myself looking for something that would explain it and I only found the 2 things that I mentioned, and these aren't probably relevant at all. Asymmetry in information is always there so we may be missing something. Until someone comes up with a better explanation, I believe it's futures contract expiration manipulation as usual. They want to reach total demoralization point so they will continue trying to keep the price low. Their only goal is to become the biggest players on bitcoin and they have the tools to do so. Once they have amassed a couple million BTC they will default on USD debt and claim BTC as world reserve currency. This is a long term plan of 10+ years so this is nothing.
I have already thought about this and not because I saw the cover of The Economist magazine, but I have arguments and facts that go in the same direction. I could go far, but it's not easy to have a proper discussion in the forum.
The NSA started to research about creating a cryptocurrency in the 1990s. There is a document from the NSA itself on this subject that is accessible to all. We don't know what they did with it afterward, but we know very well that usually the new technologies available to the mass population have already existed for a few years and are often used firstly by the national defense (e.g., Internet, Bluetooth,...) and some other industries. I will not debate the Satoshi's unknown identity, but a project like Bitcoin could very well come out of an American agency (at least they could very likely have the capabilities.
The NWO plan? Yeah, that's also an argument.
Creating a universal currency was a project that was thought out decades ago. Europe has served as a laboratory, both politically and economically, for the creation of a single government and a single currency (Euro currency, European Parliament, European laws, European economy, etc.) Now European countries have to abide by the European laws
before the national laws.
European citizens are brainwashed with Europe on the news daily. Europe this, Europe that, EU quotas, EU presidency, EU refugees,...
If one of their goals is to create a monetary reset and switch to Bitcoin as a universal currency, why did they make it possible the creation of other cryptocurrencies, and did the project as Open Source? It seems better to not create an Open Source project in such cases. To attract the trust? But they also attract competitors (the altcoins), so...