While I agree with that person's comments, I am not sure i'd aggree that is what happened in the first Bitcoin bubble. The main event was that Mt Gox got hacked

While I agree with that person's comments, I am not sure i'd aggree that is what happened in the first Bitcoin bubble. The main event was that Mt Gox got hacked, and a number of other things happened around that time (for instance the IRS recognized bitcoin as an asset so they could tax it) that culminated in a big crash for the market as confidence was lost all of a sudden, after a big spike in prices.