Review 312
The biggest black swan in the history of the cryptocurrency world, 90% of people went bankrupt on that day
March 8, 2020
ETH suddenly dropped from $250 to $210, a drop of 17%. BTC dropped from $9,200 to $8,300, a drop of 10%.
The rebound momentum was good, but it suddenly fell and everyone was panicking.
March 9, 2020
The U.S. stock market announced its first circuit breaker, and the market plunged again
ETH fell from $210 to $190, a 10% drop
BTC fell from $8,400 to $7,700, a drop of 8%
After two consecutive days of plummeting, the short sellers were having a party and most of them had closed their positions.
March 10, 2020 - March 11, 2020
The market went sideways. After two consecutive days of sharp declines, many people felt that the risks had passed, and many people even opened long positions.
March 12, 2020
On the day of the crash, the price of ETH dropped sharply from $1,500 in the bull market to $150. I couldn't help but go all in and open a long position.
99% of the people felt that the opportunity had come and started to go long. Even our air force group, under the leadership of the group leader, joined the ranks of bottom fishing.
Everyone I know in the cryptocurrency world has already opened a long position.
As a result, there was a huge crash that night.
Due to the outbreak of the epidemic, the U.S. stock market ushered in the second circuit breaker
ETH fell from $190 to $120 that day, a drop of 37%.
BTC fell from $8,000 to $5,500 that day, a drop of 31%
My account was liquidated and I was in despair. I never expected that such a black swan would appear in the cryptocurrency circle. I have been trading in cryptocurrencies for several years and have never heard of or seen such a thing. The value of altcoins has dropped by nearly ten times.
I think the cryptocurrency world is over, there will never be a market again, this industry is over, this circle is over, everyone’s positions are liquidated, no matter how much margin you have, you can’t hold on.
At this moment, I felt very relaxed. I felt that it was finally over and I wouldn’t have to be so tired anymore.
March 13, 2020
Many people who believe in the cryptocurrency world have started to buy at the bottom again.
Some people whose money has not been exposed have started to scrape together and continue to work hard.
Do you think this is over? You are still too naive.
ETH, which had rebounded to $145, suddenly dropped to $87 with a huge needle
BTC, which has rebounded to 6230, has now risen to 3790 dollars
Who would have thought that the market, which had already taken away all my wealth last night, would once again experience a 50% plunge the next day?
The price of altcoins dropped dozens of times.
At this moment, I laughed. Fortunately, I exploded early.
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