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It's a known tactic. Jamie Dilon did the same while JPMorgan was buying in. If this tactic is applied to talk down a company's stock value, it's considered illegal and the victimized company would take legal action.

However, nobody 'owns' the Bitcoin system, there is no central management, so there is no one to take steps against these guys market manipulations.

To me it shows the true value of Bitcoin. It also exposes the character of Jp Morgan. And makes me wonder is there another need for a bailout in the making?