Review of the Six Major Black Swan Events in the Cryptocurrency World 🔥🔥🔥
1. February 2014: Mentougou Incident, Bitcoin Plummets 80%
The world's largest Bitcoin exchange MTGOX was hacked, resulting in the loss of approximately 850,000 Bitcoins, accounting for 7% of the total Bitcoin supply. This incident caused the price of Bitcoin to plummet by 80% and triggered a crisis of trust in the market, marking a significant setback in the history of cryptocurrencies.
2. September 4, 2017 Incident: Market Capitalization Vaporizes 80%
China imposed strict regulations on cryptocurrency trading, leading to drastic market fluctuations, with the total market capitalization of cryptocurrencies evaporating by 80% in a short period. This incident made investors deeply aware of market risks and the influence of policies.
3. March 12, 2020 Incident: Ethereum Drops to $80
On this day, the price of Ethereum fell below $80, shocking the market. Nevertheless, this drop did not shake people's confidence in the long-term potential of cryptocurrencies.
4. May 19, 2021 Incident: 600,000 Dogecoin Contracts Liquidated
600,000 Dogecoin contracts were liquidated overnight, causing significant losses for countless investors. This incident once again warned investors about the high volatility and risks of the cryptocurrency market.
5. 2022 Luna Incident: Crisis in the DeFi Sector
The collapse of Luna (LUNA) triggered systemic risks in the DeFi sector, becoming a major black swan event in the cryptocurrency field. Many projects and investors were severely impacted as a result.
6. 2022 FTX Collapse: Market Trust Crisis
The globally renowned exchange FTX collapsed due to liquidity issues, triggering a trust crisis in the entire market, leading to a widespread decline in cryptocurrency prices and a significant blow to industry confidence.
Current Market Strategy Recommendations
The current market is generally in a correction phase, with funds gradually flowing to the primary market. In this environment, one can pay attention to emerging meme coins, such as Marvin. This token has been observed for a long time, has the Musk concept, and may have significant growth potential, making it worth positioning early.
