Do people really control the rises and drops of the price?
From near $700 to $550 in 2 days is a huge risk for anyone to consider entering bitcoin don't you think?
There are lot many reasons behind market growth of each coin. Main reason behind the investors and marketcap. More demand and less supply makes the growth. It depends on the media, how the products are taken to the people and etc. When there is a positive vibration towards a product, the value grows up like wise how the media takes a product / incident to the audience makes the difference. So we have many reasons behind the price growth.