Six major black swan events in the cryptocurrency circle
1. The Mentougou incident in February 2014: Bitcoin plummeted 80%
In February 2014, the Mentougou incident was regarded as one of the most serious events in the history of the cryptocurrency circle. At that time, the world's largest Bitcoin exchange MTGOX was hacked and lost nearly 850,000 Bitcoins, accounting for seven percent of the total number of Bitcoins in the world. This incident not only caused the price of Bitcoin to plummet by 80%, but also triggered a crisis of confidence in the cryptocurrency market.
2. The September 4th incident in 2017: the market value evaporated by 80%
In 2017, the cryptocurrency market experienced huge fluctuations, and the market value evaporated by 80% in just a few days. Investors suffered heavy losses in this crisis, but it was this experience that made people understand the complexity of the cryptocurrency market more deeply.
3. The March 12th incident in 2020: Ethereum plummeted to $80
On this heartbreaking day, the price of Ethereum plummeted to below $80. This incident made people see the impermanence and uncertainty of the cryptocurrency market. Despite this, the belief that cryptocurrencies have great potential and value remains firm.
4. The 5.19 incident in 2021: 600,000 contract dogs were liquidated
This was a shocking incident. 600,000 contract dogs were liquidated overnight, and countless investors suffered huge losses. This incident once again reminds us that the cryptocurrency market is full of risks and uncertainties.
5. The Luna Black Swan Incident in 2022: Crisis in the DFI Field
The Luna Black Swan incident marked a major turning point in the cryptocurrency market, triggering a major crisis in the field of decentralized finance (DFI), which had a profound impact on the market.
6. The FTX explosion incident in 2022: Market trust crisis
The FTX explosion incident triggered a crisis of trust in the entire cryptocurrency market, which hit the market hard. Although the market has been relatively friendly to us this year, these tragic events still sounded the alarm for us, reminding us to stay vigilant at all times. In the constant changes in this industry, we look forward to the opening of a new chapter.
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