Looking back at historical black swan moments, how many have you experienced?
1. Mt. Gox Collapse (2014) The world's largest Bitcoin exchange Mt. Gox suddenly declared bankruptcy, with 850,000 Bitcoins evaporating, causing the price of Bitcoin to drop from $1,000 to $150.
2. China's ICO Ban (2017) The Chinese government suddenly announced a total ban on ICOs, leading to market panic, with the price of Bitcoin plummeting from $5,000 to $3,000.
3. BitConnect Collapse (2018) The cryptocurrency Ponzi scheme BitConnect was exposed, the project collapsed, and investors lost everything, causing Bitcoin and other cryptocurrencies to plummet in price.
4. Black Thursday (2020) The global financial panic triggered by the COVID-19 pandemic led to a single-day drop of over 40% in Bitcoin, falling from $8,000 to $4,800, with a vicious cycle triggered in the DeFi system's liquidation chain.
5. PlusToken Scam (2019-2020) The PlusToken Ponzi scheme, involving billions of dollars, was revealed, causing massive sell-offs of Bitcoin and Ethereum, resulting in a significant market downturn, with Bitcoin's price falling from $13,000 to $7,000.
6. LUNA/UST Collapse (2022) The algorithmic mechanism of the stablecoin UST and LUNA failed, UST de-pegged, and LUNA plummeted by 99%, resulting in billions of dollars disappearing, with Bitcoin's price falling from $40,000 to $25,000.
7. Celsius Bankruptcy (2022) The crypto lending platform Celsius faced a liquidity crisis, freezing customer withdrawals, and ultimately filed for bankruptcy, triggering market panic, causing Bitcoin's price to drop below $20,000.
8. FTX Bankruptcy (2022) The top global cryptocurrency exchange FTX suddenly went bankrupt, user funds were frozen, and the founder was charged with fraud, leading to market panic, with Bitcoin's price plummeting from $21,000 to $16,000.
9. Silvergate Bank Closure (2023) The cryptocurrency-friendly bank Silvergate Capital Corp announced its closure, raising concerns about risks in the banking system, with Bitcoin's price dropping from $24,000 to $20,000.
10. SVB and Signature Bank Closures (2023) Silicon Valley Bank (SVB) and Signature Bank collapsed one after another, impacting the stability of the crypto market, with Bitcoin's price temporarily falling below $20,000.