A Review of the Six Major Black Swan Events in the Cryptocurrency World
1. The Mentougou Incident in February 2014.
The world's largest Bitcoin exchange, MTGOX, was hacked, losing nearly 850,000 Bitcoins, which accounted for 7% of the total Bitcoin supply globally. This incident caused Bitcoin prices to plummet by 80%, triggering a crisis of trust in the cryptocurrency market.
2. The September 4th Incident in 2017.
The cryptocurrency market experienced massive fluctuations, with a market value evaporating by 80% in just a few days. Investors sustained heavy losses, which led to a deeper understanding of the complexities of the cryptocurrency market.
3. The March 12th Incident in 2020.
Ethereum prices dropped below $80, highlighting the volatility and uncertainty of the cryptocurrency market, yet faith in its potential and value remained strong.
4. The May 19th Incident in 2021.
600,000 contract positions were liquidated overnight, causing significant losses for many investors, once again reminding us of the high risks and uncertainties in the cryptocurrency market.
5. The Luna Black Swan Event in 2022.
Triggered a major crisis in the decentralized finance (DeFi) sector, becoming a significant turning point in the cryptocurrency market with far-reaching implications.
6. The FTX Collapse in 2022.
Caused a crisis of trust in the entire cryptocurrency market, severely impacting the market.
Which black swan events have you experienced in the cryptocurrency world??? $BTC $ETH
