Today is September 4th, and the crypto market has plummeted again. BTC fell below $56,000, a drop of more than 5 points.
About the 9.4 incident in the currency circle, it is a deep memory of the players at that time.
Let's sort out the 9.4 timeline, understand the history, and learn from it.
On September 4, 2017, seven ministries and commissions jointly issued an announcement,
clearly prohibiting any token issuance and financing activities, and requiring all ICO token trading platforms to clean up and close transactions before the end of the month.
On September 14th, Bitcoin suddenly plummeted.
It was rumored that all Bitcoin exchanges in China, including the three major exchanges, would be completely cleared. On this day, Bitcoin fell from $3,900 to $3,200, a drop of 17%.
The panic in the market reached its peak.
On September 15th, the Beijing Internet Finance Regulation Group interviewed the heads of various virtual currency platforms,
requiring all trading platforms to immediately stop all virtual currency transactions.
This news was like a bombshell, instantly detonating the panic in the market, and investors frantically sold their digital currencies.
Then BTC bottomed out and rebounded, ushering in a new round of growth.
Many people liquidated their digital currencies on September 4 and bid farewell to the crypto market.
At that time, the price of BTC was only more than 3,000 US dollars, and today it is 56,000 US dollars.
If you withstand the negative news and believe in the market, you can also get a 20-fold opportunity.
I did not experience the panic of the September 4, 2017 crash,
but I experienced the plunge on May 19, 2021.
At that time, I was new to the circle, and I was discouraged by the market for a while when I saw the continuously decreasing balance. I felt that I had chosen the wrong market.
But then the price slowly rose back the next day, and confidence gradually recovered.
It was considered the first market baptism and the training of mentality.
Now we are still facing various difficulties and negative policies from time to time.
It depends on how we stick to it and how we stay in the market.
As the saying goes, the experience of not being able to die will make you stronger.
Let's wait together until the clouds clear and the moon shines.
