I think many people still misunderstood regarding the value of the crypto-coin, indeed it has volatility against fiat, it's because the value of the fiat has it (inflation and depreciation), and crypto not.
The basic concept of crypto is to replace the nowadays monetary system fragility and become a decentralized payment method "World single currency". Since the first time Bitcoin released and some people knew how good this concept is they start to have this coin to help this idea grow and to make the goal achieved as fast as possible.
I guess some Elites out there begin to worry about this idea, so it was banned in almost all countries in this world and the use of this crypto is an illegal thing, but it doesn't stop people to keep having the coin (HODL).
Well because it has movement supply and demand so the coin started to enter the market, cause it is the easiest and fastest way to have bitcoin rather than mining. I believe for some is such a good opportunity to collect more gold just in case people dump it.
It's more complex after the success of the king "bitcoin" existence all over the world and I also believe some people also try to collect some gold, by creating a bitcoin competitor and try to take its throne as the world single currency, altcoin, crypto token and perhaps will come more in future to add more chaotic situation, I also believe this is just a game of some elites.
I believe peoples behind this bitcoin more than genius and I believe they already thinking about leveling the values of the cryptocurrency, cause I see some correlation between bitcoin, ethereum, monero and bitcoin cash I believe it made by the same people (Volume distribution avalaibility, network fee of each coin and it's volatility against each other).
Idea, correction, and positive input are welcome.
I'm sorry for my English Limitation cause I'm Indonesian also for my lack of knowledge about the crypto world.
Just a simple thought from Bitcoin, Ethereum, Monero and Bitcoin Cash HODL,
Can you explain to me what you mean? What do you mean by people behind Bitcoin?