"70 year old man's escort is son's girlfriend".
more details please?
As for your question, two things - why did you only invest at 1k if you say you are technical? Sure everybody heard about bitcoin the first time in 2012, just that most people dismissed it as non-practical. Hence stupid, won't understand the brightest idea unless pushed into it forcefully by greed. Did this mistake myself, in 2009. And second - why do you care what the price is? It's amazingly well at 500. One day it will be worth more, but you can build services on bitcoin network regardless of the price. Ignore the price for several years, or end up like all the greedy ones who buy high, sell low, then curse bitcoin for years
So yes, people are stupid, all of them.
1) I actually invested when the price was $100. Unfortunately, the money I used to invest disappeared when transferring to Bitstamp. 6 months later, and after threatening Bitstamp with court action, it finally got recovered. The issue was put down to being lost in the international banking system. I didn't have any other money to use during the investment and in that time, the price sky rocketed. I was VERY angry, very upset, but there was nothing I could do. The choice was either to decide not to invest at $1k or to invest.. I wanted to be part of it so decided to invest. And then all the crap started happening
2) I didn't invest to make a quick buck so don't mind that the price is lower.. though I am started to get concerned it won't even ever recover!
3) http://www.thesun.co.uk/sol/homepage/news/5492825/man-hires-escort-who-turns-out-to-be-sons-girlfriend.html is the original article, but if you don't want to pay to read it (which I haven't), apparently it's now been copied on other media sites:
http://www.independent.co.uk/news/world/europe/italian-pensioner-hires-an-escort-who-turns-out-to-be-his-sons-girlfriend-9176530.html