The crypto circle is a mixture of opportunity and madness. Soaring prices are exciting, and plunging prices are heartbreaking. The six black swan events are like six deep scars, engraving the cruel truth of the market.
2014 Mt. Gox incident, hackers stole nearly 850,000 bitcoins, accounting for 7% of the global total, Bitcoin plummeted by 80%, market trust collapsed, and the exchange security alarm sounded loudly.
The 9.4 storm in 2017, under the regulatory ban, the market value of cryptocurrency evaporated by 80% in a few days, investors fell from the clouds, and the market has since moved towards standardization.
The 3.12 bloodbath in 2020, the spread of the epidemic caused panic, the price of Ethereum plummeted to below $80, and the vulnerability of the market closely connected with global finance was exposed.
The May 19th massacre in 2021, 600,000 contract players were liquidated overnight, and the risk of leveraged trading was presented in a bloody manner. Greed and blindness will eventually pay a heavy price.
The Luna crash in 2022, the fall of a star project in the Dfi field, the collapse of trust in algorithmic stablecoins, and innovation cannot ignore risks and compliance.
In the same year, FTX exploded, the well-known exchange went bankrupt, market trust suffered the ultimate test, and the road to reconstruction is long and difficult.
These six black swans are lessons learned with blood and tears, reminding us at all times: respect the market in order to go steady and far.
Old Qi only does real trading, follow me if you want to get on board.
