In the last 3 months, we have seen Bitcoin take off like a rocket, hit a glass ceiling and seemingly be suppressed and manipulated to no end. This has soured the overall market sentiment of new investors and has caused discomfort amongst those who have been in the space for a while. Let me be the first to tell you, its going to be like this for a while.
Recently it came to light that the Mt. Gox trustee has been recklessly dumping massive amounts of btc onto the market causing extreme price swings. One would say well one person cant honestly control the market, and my response is "one person can't but a hoard of scared people can".
Whenever BTC has a large-scale dump anyone not season to volatilityy immediately become unnerved and rush to sell before they get dumped on. Thus furthering the effects of the original sell-off and causing a cascading drop in price. To make matter worse, whale know this and recognize when the market is in flux, so they will add fuel to the fire by putting up massive sale wall in hopes of pushing the price down further. This will allow them to buy cheap BTC and later resell them higher after they lift their walls.
I say all of that to say this. The price manipulation in the crypto space will have a hard time having major growth, while those who paid $2-3 per coin still control a mass majority of it. They have plenty and can sell at any price while still remaining wildly profitable. Only when we have a more decentralized holding of Bitcoin will we truelly see its growth. Until then we are at mercy of mega whales that have nothing better to do then cause panic.