How did we let this happen?

[gitinahang]

I never understood why China dumps their bitcoins when news of bitcoins being banned hits. If China banks ban buying bitcoins with fiat doesn't that mean the bitcoins they're

holding become more valuable and therefore more reason not to dump?

They don't have my derp coins, does that make them priceless?

If anyone thinks bitcoin will be "banned" then selling them is stupid because they will be harder to get a hold of. If they are harder to acquire then the ones you have are more

valuable

[ndrog]

Bitcoin is still evolving & growing. We haven't hit mainstream yet, however the infrastructure is being build as we speak. It's normal to see such fluctuations taking place, until we hit mainstream. Which doesn't mean we wont see any price fluctuations taking place either (when gone mainstream), but much less until it starts leveling out with a gradual upward trajectory. Wait and see and enjoy the ride 

[Bit_Happy]

Now that the bubble is finally starting to collapse rapidly, i was pondering how we let this all happen...
What are the results of this 'experiment'/scam?
- A hand full of teens who are now multi millionaires.
- A whole lot of people that lost a whole lot of real money.

Even though we all got warned time and time again, by economists, professors and even a lot of libertarians, not to fall for the bitcoin.
How on earth was it possible that people spend $1200!!!! on literary NOTHING?! Is this pure greed or stupidity? What is going on here?

I feel bad for all the people who got victimized and i think some effort should be made to put the creators of this bubble behind bars, too many have been victimized to let this slide.

Is this pure greed or stupidity?
What you call "pure greed" is also responsible for many of mankind's greatest advancements. Honest people acting with a profit motive can do many amazing things. 
Bitcoin is alive and getting stronger, that is what is "going on here".

[nkocevar]

Now that the bubble is finally starting to collapse rapidly, i was pondering how we let this all happen...
What are the results of this 'experiment'/scam?
- A hand full of teens who are now multi millionaires.
- A whole lot of people that lost a whole lot of real money.

Even though we all got warned time and time again, by economists, professors and even a lot of libertarians, not to fall for the bitcoin.
How on earth was it possible that people spend $1200!!!! on literary NOTHING?! Is this pure greed or stupidity? What is going on here?

I feel bad for all the people who got victimized and i think some effort should be made to put the creators of this bubble behind bars, too many have been victimized to let this slide.

Is this pure greed or stupidity?
What you call "pure greed" is also responsible for many of mankind's greatest advancements. Honest people acting with a profit motive can do many amazing things. 
Bitcoin is alive and getting stronger, that is what is "going on here".

Exactly. Just imagine if someone hadn't of had the audacity to suggest the world wasn't flat, or that the sun didn't revolve around the earth!