Six major black swan events in the cryptocurrency world, remember these to survive longer!
1. 2014 Mt.Gox hack: Bitcoin plummeted by 80%
At that time, the world's largest exchange Mt.Gox was hacked, with 850,000 BTC stolen, causing market panic, and Bitcoin was halved at one point.
2. 2017 '9.4 incident': Market cap evaporated by over 80%
Chinese regulators intervened, completely halting ICOs and domestic trading platforms, leading to a massive collapse in the cryptocurrency market, with mainstream coins collectively halved.
3. March 12, 2020 crash: ETH dropped to $80
The global financial market crashed, and the cryptocurrency market collapsed simultaneously, with ETH halving overnight, USDT briefly depegged, and a liquidity crisis erupted.
4. May 19, 2021 contract liquidation: 600,000 people liquidated
Negative policy + excessive leverage led to hundreds of thousands of liquidations within 24 hours, with billions evaporating.
5. 2022 LUNA crash: DeFi trust crisis
UST depegged, LUNA's unlimited issuance went to zero, triggering a chain reaction in DeFi, causing numerous projects to collapse.
6. 2022 FTX crash: Trust collapse
The world's second-largest exchange FTX collapsed, freezing billions of user assets, and market confidence plummeted to rock bottom.
Conclusion: The cryptocurrency market is not a game; only by surviving can one qualify to make money.
These black swans are not history but a wake-up call. Risk control, position management, and calmness are essential lessons for every participant in the cryptocurrency space. Don't just think about getting rich quickly; also learn to avoid risks.
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