I'm sure people here have noticed how the price of Bitcoin has risen by approximately 33% over the past two weeks.
The version offered by mass media is that a 100-million-dollar purchase triggered algorithmical buying and caused the increase in price.
So, we live in the age when a single person can rally potentially millions of other people through his or her Youtube channel or some other online means to do some action. Let's say this person rallies his/her fans to buy Bitcoin for a hundred dollars per person on day X and then sell it on day Y. On day X a million people spend a hundred dollars each and the 100 million dollar flow triggers algorithmical purchases of other people who are into cryptocurrencies.
After a while the million people who bought their Bitcoin sell it all at once and the price goes down steeply, but they get a certain percentage of profit in the process. The idea here is that a lot of cryptocurrency is not in the hands of highly professional stock brokers who know how to manage A.I. algorithms very precisely and efficiently to prevent steep price drops or spikes from hurting them financially. Have these kind of "cryptocurrency zergs" already been taking place or is there a good reason why nothing like this hasn't happened yet?