The currency circle has been up and down. How many people came in with hope, but left sadly.
How many people fell before dawn, and they could have financial freedom, but for various reasons, they resolutely left the market.
Let's take stock of the famous plunges in the currency circle.
Mentougou incident
In February 2014, in the Mentougou incident, hackers stole 744,408 bitcoins, and Bitcoin plummeted by 80%. At that time, it was worth 450 million US dollars, accounting for 7% of the total circulation.
People's trust in big cakes and exchanges has declined, and they have questioned the decentralized concept promoted by blockchain.
9·4 incident
On September 4, 2017, after the central bank and seven other ministries and commissions issued the "Announcement on Preventing the Risks of Token Issuance and Financing", ICO tokens fell sharply. For a time, the entire currency circle was extremely panicked, fearing that they would lose everything if they sold too late. Various tokens fell below the issue price, with the highest drop exceeding 90%. More than 80% of the funds in the currency circle evaporated overnight, which can be called the darkest moment.
312 incident
It is estimated that many people have experienced 312, and those who have experienced it and are still in the circle have basically made money.
There is another 313 after March 12, both of which are freezing cold nights. The decline on that day exceeded 40%, and after the rebound on 313, it fell another 45%.
According to data, on the evening of March 12, 3 billion US dollars of funds in the currency circle were liquidated, more than 400,000 people were liquidated, the largest liquidation amount was 13 million US dollars, and the average liquidation amount per transaction reached 50,000 US dollars.
Background of the plunge: Affected by the global epidemic, commodities, oil, US stocks, etc., the currency market collapsed.
519 incident
The reason is that the three associations issued the "Joint Announcement on Preventing the Risk of Virtual Currency Speculation Trading", and the country continued to crack down on the risk of virtual currency speculation. Major exchanges began to clear and close the financial market. The number of liquidations on that day reached 600,000.
Luna Black Swan
The main reason is that Terra's Anchor project gave too much. Anchor gave an annualized rate of return of up to 20% for fixed deposits.
Is there such a good thing in this bear market? There is still a 20% principal-protected investment. Isn't this a gift from God? So many people want to own UST and deposit it in Anchor to earn interest. So how can we buy UST? Naturally, everyone turned their attention to Luna, which can mint UST.
This caused the price of Luna to soar all the way to nearly $120 per coin. Later, Terra's algorithmic stablecoin UST decoupled from the anchor and fell into a "death spiral", and the coin price will eventually return to zero.
Ftx explosion
This is a fight between gods, and the people suffered.
The Afro and CZ fought, and the market collapsed. However, compared with the above events, it is a very small impact.
The above are all famous events in the currency circle, and there is no reason for the fall.
So only if you can withstand this kind of plunge, you will be reborn. The zero-sum game market must go through a re-wash, narrate a new story, and the bull market is full of new leeks to take over for you. If you agree, please like it.
In the current market, should you continue to hold the coins that are deeply trapped or cut your losses and leave? Can you get your money back?
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