How many of these black swan events in the cryptocurrency world have you avoided?
1. February 2014 | Mentougou Incident
The world's largest exchange was hacked, losing 850,000 bitcoins, with the price plummeting from $800 to $100, a drop of 80%!
2. September 2017 | China Stops ICOs
A ban was issued, and bitcoin plummeted more than 30% that day, the entire market's value evaporated by 80%, and ICO projects fled, leaving investors heavily affected.
3. March 2020 | Black Thursday
The COVID-19 pandemic hit the world, U.S. stocks crashed, and the cryptocurrency market also collapsed. Bitcoin was halved, and Ethereum dropped from $288 to $88, causing countless liquidations.
4. May 2021 | China’s Ban Intensified
With increased regulation, bitcoin fell more than 30% in a single day, 600,000 people were liquidated, amounting to $7 billion, a nightmare for contract traders.
5. May 2022 | Luna Crash
The myth of cryptocurrency collapsed! Luna fell from $100 to zero, $40 billion in market value evaporated, triggering a chain reaction, with bitcoin briefly dropping to $10,000.
6. November 2022 | FTX Collapse
The world's second-largest exchange went bankrupt due to financial fraud, its founder was arrested, bitcoin fell to $15,000, and the market fell into a crisis of trust.
These bloody lessons are actually reminding us of the same thing: risk control is always the top priority.
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