failling know that some major events will happen
and the price will raise again, therefore he spread FUD as much as he can in order to trick the people to sell cheap
Some major event happen all the time.
Jim Rickard (not a fan of Bitcoin) explained this:
When the side of a mountain if covered of snow so much it become unstable, do not matter what snowflake will start the avalanche.
The avalanche will happen not because of a specific snowflake but because there is an unstable cover of snow ready to collapse anytime for any snowflake.
The same is for bitcoin and the economy.
There is no specific snowflakes to wait for the price to explode. When just enough energy is accumulated everything would be enough to start a chain reaction.
It is true no bottom can be made before all weak hands are shaken and the air is all doom and gloom.
But the rise happen as the strong hands and the bulls on the side become impatiens and collectively decide to buy immediately.
