Review of the Six Major Black Swan Events in the Cryptocurrency World
1. February 2014 Mentougou Incident.
The world's largest Bitcoin exchange MTGOX was hacked, losing nearly 850,000 Bitcoins, accounting for 7% of the total Bitcoin supply. This event caused Bitcoin to plummet by 80%, triggering a crisis of trust in the cryptocurrency market.
2. September 4, 2017 Incident.
The cryptocurrency market experienced massive fluctuations, with a loss of 80% of its market value in just a few days. Investors suffered heavy losses, which deepened the understanding of the complexity of the cryptocurrency market.
3. March 12, 2020 Incident.
The price of Ether fell below $80, highlighting the volatility and uncertainty of the cryptocurrency market, but faith in its potential and value remained strong.
4. May 19, 2021 Incident.
600,000 contract positions were liquidated overnight, resulting in huge losses for many investors, reminding everyone once again of the high risks and uncertainties in the cryptocurrency market.
5. 2022 Luna Black Swan Incident.
This triggered a significant crisis in the decentralized finance (DeFi) sector, marking a major turning point in the cryptocurrency market with far-reaching effects.
6. 2022 FTX Explosion Incident.
This triggered a crisis of trust across the entire cryptocurrency market, causing severe damage to the market.
Which black swan events have you experienced in the cryptocurrency world???
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