Thanks for the solid comment.
I guess I am questioning the role of BTC as a "Reserve Currency" or "Store of Wealth" it is being promoted as. I think it only has that position at the moment because it is part of all the alt-coin trading pairs. As the crypto market matures and diversifies I don't think we need that function in a properly decentralised crypto market.
You've nailed the issue though, it is about the immaturity of the market. Dumb teenagers make dumb mistakes and come unstuck, but they learn from it in the long run :)