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Bitcoin FLASHCRASH – 16$ to 0.01$ 2011. This is why you should HODL

Bitcoin FLASHCRASH – 16$ to 0.01$ 2011. This is why you should HODL



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  1. Decent but speculative history of the event is [on the Bitmex blog](https://blog.bitmex.com/the-june-2011-flash-crash-to-0-01/). tdlr the event wasn’t exactly what you’d typically think of when you hear the term “flash crash” – this was 100% due to MtGox’s idiocy.

    Trivia question: the MtGox admin account that was breached belonged to the founder of which cryptocurrency? Not clear it was his fault since he was no longer involved with MtGox at that point and should not have had admin access anyway.

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