Why do we get extreme bitcoin price drops?
Could you elaborate on the reasons behind the extreme price drops in Bitcoin? Is it a result of market manipulation? Are investors losing confidence in the cryptocurrency's long-term viability? Or are there underlying economic factors, such as increased regulation or a slowdown in technology advancements, that are causing these dramatic declines? I'm particularly interested in understanding the complex interplay between market psychology, regulatory frameworks, and technological advancements that could potentially explain these volatile price movements.