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How many times have you felt that the cryptocurrency world was completely ruined?
1. On December 5, 2013, the People's Bank of China and five other ministries and commissions issued a notice on preventing Bitcoin risks, stating that Bitcoin cannot and should not be circulated and used as currency in the market.
The entire market immediately fell into despair, and countless people frantically dumped the market to cash out.
In just two weeks, Bitcoin quickly fell from $1,152 to $519.
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2. On February 24, 2014, Mt.Gox, the largest virtual currency exchange at the time, discovered that all 850,000 Bitcoins on the exchange were stolen overnight. The entire market quickly took a sharp turn for the worse, and in the subsequent long bear market, Bitcoin fell to as low as $178.
Countless people gave up on this market, and countless people left sadly.
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3. On September 4, 2017, domestic exchanges were cleared and ICOs were vigorously rectified. This time, the decline reached 85% again. 90% of the altcoins were almost zero, and all the altcoin holders in the entire market were bloodbathed.
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4. On March 12, 2020, Bitcoin fell from $8,000 to $3,800 in just two days, and the altcoins fell several times in two days. Some even fell more than ten times in two days. All investors doubted their lives and felt that there was no hope in the currency circle. There were many people who left the market after losing all their money.
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5. On May 19, 2021, the Mutual Finance Association and other institutions jointly issued a document stating that relevant institutions were not allowed to carry out businesses related to virtual currencies. As soon as this document came out, the market took a sharp turn for the worse. Bitcoin was cut in half within a few days. Many altcoins even fell several times on May 19. Countless investors were bloodbathed again on this day.
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There are too many stories along the way, too many people left sadly, but those who left regretted it. If they could have persisted a little longer, the ending would have been very different.
Now these twists and turns are at most a drop in the ocean in history. If you have seen too many, you will not take it seriously.
This market will create glory again, and victory is reserved for those who stick to the end.
