Price is still floating around 470$. A lot of news, nothing happens about price. :|
Some of us have suspected that someday someone will be wiling to lose money just to discredit Bitcoin. They will intentionally cause volatility and generally lower price. That person is called The Manipulator. Of course this is absurd. Or is it?
Seriously, some of us already know how the future unfolds for Bitcoin, we're just a little fuzzy on the time line. They call us perma-bulls but really it's about the big picture.
*Puts on a tinfoil hat*
It is obvious that a cabal of the central banks has a secret department tasked with inducing volatility in bitcoin, drawing on techniques used intervening in the gold market. We now know that the major commodity and stock exchanges serve central banks directly - not even through trading houses such as JP Morgan. Bitcoin is a direct threat to the fiat system and therefore a dirty tricks campaign started the very day I made my largest btc investment. They began by buying up bitcoin when it was relatively cheap through Mt Gox. This activity was noticed by traders and even named as the Willy Bot. As suspicions became raised they instead changed tack and continued to acquire bitcoins off exchange from miners, whilst constantly dumping on exhange to keep the price from rising. They use the coins they hold to deliberately sell on good news and sell large volumes during technically important market movements. They don't sell to get best price, simply to move the market. As a bad actor in the space losses are irrelevent - the goal is simply to depress the price and extinguish any hope of a bullish recovery in the minds of holders and traders.
A further sub unit of this department exists and is a cyber espionage and social media cell which infiltrates commonly used websites and blogs related to bitcoin. Overwhelmingly negative and false information is spammed globally on a persistent basis using a variety of well worn arguments, insults and ad hominems.
Should this fail the next step will be to link a middle eastern terrorist organisation to bitcoin and/or carry out some form of false flag operation resulting in a global ban on cryptocurrency.
*takes off hat*
Or we could just be in the depths of a bear market
