Post
Topic
Board Beginners & Help
Re: Giant crash + Drug rumors + Mtgox hacked = End of Bitcoins
by
DanielC
on 19/06/2011, 21:55:21 UTC
I'm not so sure.

NYSE

"After that location was destroyed in the Great Fire of New York in 1835, the Exchange moved to a temporary headquarters."

"was closed for ten days starting September 20, 1873, because of the Panic of 1873."

"On September 16, 1920, a bomb exploded on Wall Street outside the NYSE building, killing 33 people and injuring more than 400. The perpetrators were never found. "

"The Black Thursday crash of the Exchange on October 24, 1929, and the sell-off panic which started on Black Tuesday, October 29, are often blamed for precipitating the Great Depression of 1929. In an effort to try to restore investor confidence, the Exchange unveiled a fifteen-point program aimed to upgrade protection for the investing public on October 31, 1938."



I agree. Much worse has occurred and continues to occur outside of Bitcoin. MtGox may not recover fully, but I seriously doubt this affects Bitcoin in the long-run.