#519 Bitcoin is about to be halved. Dear friends, don’t let your assets be halved. Remember the tragedy of 519 in the currency circle.
Three years later, we look back at the tragic scene of May 19, which still leaves a deep shadow in people's hearts. If you haven’t experienced it personally, try to feel the despair of the digital currency circle at that time.
Smart people often smell opportunities when the market falls, while the vast majority of investors can only feel panic during a plunge. On May 19, 2021, many people were forced to deliver food due to heavy losses. Only a handful of people chose to go to the rooftop, and a small number of people successfully counterattacked through short selling. And more investors have gradually grown from novices to experienced veterans.
On May 19th, the cryptocurrency market suffered a huge decline, with many coins losing more than 50% in price.
Bitcoin, in particular, fell close to 30% in the 12 hours between 9:00 and 21:00. Such a rapid, violent, and continuous decline caused many people to experience a nightmare in the currency circle on this day. First, let’s take a look at what happened on May 19th.
Almost all mainstream currencies suffered heavy losses on May 19th. The price of Bitcoin once fell by nearly $30,000, a drop of about 30%. The price of Ethereum once fell by nearly 50%. OKB coin fell by 56%. Litecoin is down 51%. HT coin fell by 40%.
Dogecoin fell 51%. Shiba Inu Coin fell by 61%. There are other currencies that I won’t list one by one. In short, each one has suffered huge losses compared to the last one. The bloody storm in the market even spread to people in the non-currency circle. That night, it appeared on major entertainment platforms, such as Douyin and Weibo, becoming the top three hot searches.
According to data at the time, the total amount of liquidated positions in the market reached 40 billion, and the number of people who were liquidated was as high as 480,000. In the 2021 519 incident, the entire currency circle suffered an epic collapse, but Liang Xi, a celebrity in the currency circle, became rich overnight because of his brave short selling and became a famous figure overnight. Liangxi's short-selling transaction started with 1,000 yuan and eventually snowballed into tens of millions of dollars.
In a word, pay attention to Cousin and don’t get lost. Cousin’s Weibo fan base has been established, and he is ready to ambush the next 100-fold currency with his fans and friends. I wish everyone can achieve financial freedom in 2024.