5.19 Crypto world crashes again! History repeats itself? Retail investors: I'm completely falling apart 🤯

Does anyone understand this, folks! Today, when I opened the exchange, Bitcoin and Ethereum collectively plunged, Dogecoin performed a 'free fall,' and over 100,000 people instantaneously liquidated $200 million 💥 This operation directly activated the '519 phobia' in the DNA of veteran investors—on the same day four years ago, Bitcoin plummeted from $44,000 to $29,000, with $39 billion evaporating from the entire network, marking a 'Black Wednesday' in the crypto world.

Strikingly similar history? What are the differences between this crash and 2021?

Common points

- Time curse: The date of 5.19 has been cursed by the crypto world; every year around this time, the market begins to 'shake.'

- Leverage crash: High-leverage contract players have been collectively 'bloodwashed'; as prices drop, more liquidation orders appear, leading to a cascade effect.

- Bad news piling up: Four years ago it was Chinese regulation + Musk's antics, this year it's a French millionaire being kidnapped + Coinbase data leak; bad news is never absent.

Differences

- The decline is more 'gentle': This year Bitcoin only dropped 2.5%, Ethereum 8%, compared to the 34% single-day plunge four years ago, this can only be considered a 'small scene.'

- The market is more 'resilient': There are now more institutional players, the market is larger, and its ability to withstand downturns has indeed improved a bit (but it will still crash if it has to 😅).

- Regulation becomes 'civilized': Now countries are starting to figure out how to 'reconcile' cryptocurrencies, unlike four years ago when they took a one-size-fits-all approach.

The truth behind the crash: scythe or natural disaster?

1. Prices are too high and need to correct: Bitcoin has been hovering around $100,000 this year, and short-term profit takers have long wanted to escape.

2. Funds are fleeing to safe havens: The global economy is in disarray, funds are running to buy gold and US dollars, naturally leaving the crypto world neglected.

3. Technical breakdown: Bitcoin did not stabilize at $100,000, and the MACD showed a bearish divergence; the technical traders immediately started selling.

Survival guide for retail investors

1. Stay away from contracts! Stay away from contracts! Stay away from contracts! Important things are worth repeating three times; contracts are the harvesting tool for retail investors, while spot trading at least allows you to 'play dead.'

2. Don't all in to catch the bottom: There may be more crashes after this drop; buying in batches is the way to go.

3. Pay attention to macro news: Fed interest rate hikes, US-China disputes can all affect crypto prices; don't just focus on candlestick charts.

4. Keep your mindset steady: Don't panic and cut losses during a crash, and don't think about going all in during a surge; remember 'when others are fearful, I am greedy' (but don't be too greedy 😎).

Xiao Pang's sharp commentary

Although this crash is not as severe as four years ago, the nature of the crypto world remains unchanged—volatile price swings and plenty of tricks. Rather than guessing tops and bottoms every day, ordinary players might as well hold coins calmly and cash out when a bull market comes. Finally, here's a saying for everyone:

'519 is not the end; retail investors' roots are the hard currency of the crypto world!'

(Let's chat in the comments: Were you buried or catching the bottom on May 19, 2021? Let me see how many warriors are out there 👀)

Remember to like and follow, your likes and follows are the motivation for Xiao Pang to keep updating 😘#币圈 #暴跌