Quote from: CurbsideProphet on April 11, 2013, 08:37:38 PM

Quote from: niko on April 11, 2013, 08:22:34 PM

Quote from: CurbsideProphet on April 11, 2013, 07:39:46 PM

Quote from: Mrkeety on April 11, 2013, 07:37:53 PM

Wasn't the crash in '11 caused by MTGOX being ddos'd also?

No, they were hacked and someone sold off a ton of stolen BTC's crashing the market. They were at the epicenter but it wasn't a DDoS.

No. The 2011 peak took place around June 9th (the bubble burst, if you prefer that term). MtGox was hacked around June 20th.

And as your chart shows, there's a big gap with no trading due to the hack (which sent BTC into the ground) and was subsequently reversed when MtGox didn't honor the rogue trades. That, however, didn't stop the fall but you conveniently clipped the chart short.

I am not even sure what point you are trying to make. I was showing that June 2011 bubble burst (price dropping from >$30 to $10 in two days) long before the hack. Therefore, this huge drop in price had nothing to do with the hack. Can we agree on that? It is perfectly obvious from the chart.

Next, the hacker was able to mess with the internal mtgox database, assigning non-existent coins to accounts, and selling them as much as they wanted. These are not real trades, as no real bitcoins were traded. Just funny numbers in the compromised internal mtgox database. That is why it does not even show in the bitcoincharts.com history.

Again, I was trying to dispell obvious falsehood of "hack" being responsible for the crash of 2011. The crash took place before the hack, after the ridiculous increase over several days. Period.

What is your point? That price kept dropping for several months after all this happened? Or something else?