They said : "bitcoin went too high too fast, big bubble danger, stay away"
That's pretty bearish, especially if you believe China has been leading this huge rally to near $1k. Hmm...not going to say it's time to sell but this certainly isn't a good entry point.
Bitcoin is currently not sustained by people who are influenced by mainstream media. Even in China. So I don't see this as bearish, it only reflects where we are at right now. The media is right to warn people, but the intelligent person knows that the media more or less doesn't have a clue.
On one hand, I agree with you long-term. On the other, they are dead right. You only have to browse these forums on the vertical rise days and see the mania. The rise is driven 100% by speculation in China, and will fall hard if it continues -- only a matter of time. Damping the flames and triggering a recession now is absolutely the smart thing to do. I say this in the best interest of our future wealth -- a meltdown and ensuing over-reactionary regulation is not what we want.