The worst day in the cryptocurrency world - 312, will it repeat this year?
The massacre of 312:
On March 12, 2020, the cryptocurrency world experienced an apocalyptic scene.
BTC dropped from $7900 overnight to $4800, a decrease of nearly 40%;
ETH fared worse, dropping from $200 to $110, a decrease of half;
The entire network exploded with $50 billion in debt, 90% of people were left with nothing.
Why was it so bad?
1. The COVID-19 pandemic broke out globally, panic mentality increased;
2. U.S. stocks halted trading, the global market collapsed, and BTC followed suit.
Current market: Will 312 repeat?
A drop is possible, but don't panic; a level like 312 may not necessarily happen.
The market this time is stronger than then, with less leverage, and organizations are also more stable.
But if U.S. stocks really collapse, BTC could drop to $65,000 or even $60,000 is not impossible, altcoins will fare even worse.
Don't put all your assets in one basket, leave some bullets, if it really drops strongly, you can still buy in.
What the cryptocurrency world fears most is not the drop, but running out of bullets!
During this time, the team continues to open portfolios, profits from the portfolios are increasing.
Friends who follow are making a lot of money!
Observation: SOL KAITO LTC ARKM RARE
