Not much of that bitcoin stupid story but I wanted to react on your story.
Why is it - that people are so ready to buy AFTER it pumps 50X - And then cry or call BTC a scam after they lost their ass?
But won't touch BTC once it stabilizes after a collapse?
People tends to reject what is not on the trend. If we tell them to buy this stuff but it is not in the current trend, they will ignore it and so when the train left and the price skyrocketed, they will buy it because they have this regret in their mind and probably if they buy during that "trend" they will at least get profit. But sadly that does not happen and mostly, people who buy because it is the trend often lose. And once they lost their investment, they will turn their back on it while cursing that investment and will never touch that item again. Unless he changed his views on BTC and get educated about BTC.