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here we go... human 'greed' to blame... funny how it is never about ignorance
by
bitterbug
on 12/04/2013, 06:33:26 UTC
I'm posting this as a response to this post:

https://bitcointalk.org/index.php?topic=173557.20

Most of the posters are bemoaning the slump in price of bitcoin over the last day or so.

These posters are making more sense to me:

odolvlobo
Wekkel
BitBuster
Severian

I think people are missing the bigger picture i.e. the reason the bubble formed in the first place was due to the logically traceable consequences of central planning. Cyprus is a taste of things to come i.e. monetary panic. If governments - and their not-so-private stooges - can make up the rules as they go along... people will flee into what they perceive as more stable currency.... even though there are problems with that currency which are due to a globally monopolised monetary system.

Unlike governments, the free market learns from it's mistakes - even when they are not of its own doing.