This infographic sums up my thoughts on this.
See that tiny dot above the words: "bitcoin $19 billion"?
That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.
market cap is bullcrap bubble number.
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
Be honest.
If it were that easy, everyone would do it.
Which means, its not that simple.
He can't do that because other people will dump before him.
He wants to buy at 1 usd? He should eat the sell walls first, maybe cost billions usd.