Well an a Bitcoin user and a firm supporter of this community, we all understand the risks involved that we can potentially lose money and many of us are willing to take that risk.
Could you re-read my post upthread. I am not concerned about your personal decisions.
The american media has the opportunity in essence to influence all matters concerning financial investments and can even create a environment that creates scared users.
There you naive Bitards (Bitnaives doesn't sound as good) go getting fooled by the Hegelian dialectic. You know when you enter the car dealer (at least in USA), one saleman pretends to be your friend and is the
"wolf in sheepskin" and the other pretends to be the bad guy who wants to rip you off. They create a conflict to make you think the good guy is fighting for you against the bad guy, but in reality they're both ripping you off. After you've signed the loan documents, you later realize you've like fucking overpaid by $3000 after all the shit is included that you naively agreed to.
Stop this USA vs Europe crap. This Democrats vs. Republicans crap. The Pirate Party vs Social Democrats, etc.. These are heads of the same monster.
Yes bitcoin can you be used in negative ways but it can be used in more positive ways.
There is a theory that it could also be used to create a
world-wide slavery system where all cash is gone.
Creating panic causes people to back out and say "this is too much for me" and just over all over it.
And what is wrong with that? You need groupthink?
Anything that needs cheerleaders is always the property of the government. Don't forget that fact.
Also I see the BTC price is going up not down.
And they will always come back. The lure of Bitcoin is too irresistible.
Bitcoin is a threat to all centralized fiat currency issued by the government and the best part is their is no one person pulling the strings.
This is ignorant of the facts.
Mining is already controlled by a few pools. Exchanges are controlled by a few players. Most of the coins are controlled by a few big players beholden to the government. Etc.
Government (and banksters) would love for a pseudonymous digitally tracked public ledger to replace the very anonymous physical cash.