>Bitcoin has already suffered three catastrophic losses in its history. -70%/-80%/-90% in 2011, 2013, 2014. See http://bitcoin.zorinaq.com/price/ It has always recovered with suprising ease.

...with 10x lower market cap. This is getting out of hand, which is the problem. Complete know-nothings are getting into it now. There are ads on Reddit asking people to invest their IRA in Bitcoin. It's like the whole world has lost its' mind.