But bitcoin also has negative damnation on lives by impoverishing people of their spare resource and income.
How does this happen? I don't agree that bitcoin impoverish people, no it doesn't except if you want to multiply your unit or fraction by trading it. If you make a decision to trade your coins then it is not the fault of bitcoin but the trader that refuse to hodl only. Example if you are hodling 0.005 in btc, it will remain that value after bear market and can increase if the bull season come but it is riskier to trade it because you can lose all of it. Hodling bitcoin is not negative but trading it can be negative if you lose.
That's rather he cursed himself, the behavior you mentioned is the behavior of people who can lose money wherever they are, being in a trade will make the bitcoins they have disappear.
In bitcoin it will be profitable if we can hold it, its true nature is long term to get enough returns, not suitable for people who want to get rich quick but don't know the science.
Unfortunately the OP created FUD on his own bitcoin forum, we could explain a thousand deeper reasons to use bitcoin for financial freedom, a brave but stupid move since it seems like he mixed bitcoin with Altcoins as the source.