Re: Bitcoin’s price has dropped around 1.5 per cent in the last 24 hours.
"Ban bitcoin for a few months, wait until the price drops to about $5,000 ... then buy a lot of bitcoin and remove the ban and watch the price increase."
China could use that tactic as a weapon. Their government could buy up coin until the price runs up and then dump it causing it to crash. Lather, rinse repeat. It would take buying and selling on a scale to get the price moving, but that's easy when the actor is a government/country.
Biting the hand that feeds IT
