Six Major Painful Moments in the Cryptocurrency World: The Wings of the Black Swan Flap
Mentougou Massacre (February 2014):
At that time, the major player MT.GOX was hacked, losing 850,000 Bitcoins in one go (accounting for 7% of the total at that time), directly triggering market panic and collapse. The price was slashed to a quarter, and the entire community experienced the taste of trust bankruptcy for the first time.
The 94 Storm (September 2017):
In just a few days, the entire cryptocurrency market lost 80% of its value. Countless people's wealth went to zero, delivering a harsh lesson to all players: this market turns hostile faster than flipping a page, and the waters are too deep.
The 3.12 Catastrophe (March 2020):
On that day, Ethereum was smashed below $80. Watching assets shrink, one finally understood what true impermanence means. Yet even so, the veterans still gritted their teeth, believing this thing would be valuable in the future.
The 5.19 Contract Massacre (May 2021):
In one day, 600,000 accounts went to zero overnight! The sound of liquidation echoed across the internet. The bloody reality: contract leverage is indeed a knife that cuts flesh, the market can take your life at any time.
Collapse of the Luna Empire (2022):
The so-called algorithmic stablecoin Luna collapsed in an instant. Its downfall severely injured the entire DeFi community, and it still hasn't recovered, becoming a milestone tragedy in the industry.
The FTX Scandal (2022):
The leading exchange FTX collapsed overnight, creating a huge hole, and users' wallets were emptied. This fire directly burned the market's trust in institutions to ashes, hitting harder than any crash.
Epilogue:
Don't think that the current calm days will last long. The above bloody storms are living textbooks: the cryptocurrency world is fiercer than a tiger, and when licking blood off a knife's edge, one must always keep their head under their belt. The future is unpredictable, always be ready to welcome the next black swan.
Better to enjoy together than alone; if you reach out actively, I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT