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I see this sort of story being the downfall of bitcoin. Once a few of these things happen, trust will be lost in it and the bubble will deflate.

(Out of interest, did you "make money" from bitcoin, when it was going up)

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I agree, and that's why bitcoin needs accountability. If not bitcoin, then Coinbase. PayPal is a good example of this. For all of the flak they receive, you can trust them to honor reports of unauthorized transactions and feel (mostly) confident making purchases.

I'm very cautious now about considering bitcoin any further. I'm certainly glad I never linked a bank account to Coinbase.

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