Six major historical tragedies in the cryptocurrency circle, will the price of Bitcoin plummet or soar on May 19?

1. Mentougou incident (February 2014): MT.GOX, the world's largest Bitcoin exchange, suffered a hacker attack and lost nearly 850,000 Bitcoins, equivalent to 7% of the total Bitcoin in the world. This incident caused the price of Bitcoin to plummet by 80% and triggered a crisis of confidence in the cryptocurrency market.

2. September 4 incident (2017): Triggered by the supervision of mainland China, seven ministries and commissions jointly issued the "Announcement on Preventing the Risks of Token Issuance and Financing", defining ICO (initial public offering) as an act of illegal public financing without approval. After the announcement was released, Bitcoin plummeted by 32% and Litecoin plummeted by 57.3%.

3. March 12 incident (March 12, 2020): The price of Ethereum plummeted to below $80, making people deeply aware of the impermanence and uncertainty of the cryptocurrency market.

4. Luna Black Swan incident (2022): It triggered a crisis in the field of decentralized finance (DFI) in the cryptocurrency market, which had a profound impact on the market.

5. FTX explosion incident (2022): The collapse of FTX exchange triggered a crisis of confidence in the entire cryptocurrency market and caused a serious impact on the market.

6. 519 incident (May 19, 2021): The cryptocurrency market suffered a huge drop, and the prices of many currencies fell by more than 50%. In particular, Bitcoin fell by nearly 30% in the 12 hours between 9 am and 9 pm. The total amount of market explosion reached 40 billion, and the number of people who were exploded was as high as 480,000.

Regarding the upcoming 519, whether it will plummet or soar is a question that is difficult to accurately predict. From historical experience, the cryptocurrency market is full of uncertainty and volatility. Although some people may make predictions based on technical indicators and market sentiment, these predictions often involve great risks.

As a senior cryptocurrency investor, I share my experience and insights for free. Are you interested in the cryptocurrency circle but don't know where to start? Click on the avatar to see the introduction of the cooking industry, and witness the moment of miracle together#币安HODLer空投 #币安合约锦标赛 #AirdropGuide #美联储何时降息？ #MegadropLista $BNB $SOL $USDC