The crypto industry is inherently a higher-risk industry than traditional industries, with high risks and high returns. Under the temptation of high returns, people sometimes think that certain risks have been reduced to a very low level, but this is not the case.
Compared with some old coins that have been online for 7 or 8 years, the risk is relatively small, but the probability of sharp rise or fall is still very high, especially the black swans in the encryption industry. Many times these black swans are not the so-called market, but themselves.
The standard for survival in the crypto industry is actually very simple, that is, relying on consensus and security, which are inseparable. So how many exchanges in the crypto industry have collapsed, how many have restarted, and how many times have they been washed out? In the end, it is really not easy to survive.
The world's largest currency exchange at the time. After a decade of growth and development, it is still unknown whether it can rise again after a change of ownership. The collapse of the platform currency symbolizes the evolution of a transaction from the beginning to the development to the end.
Let's talk about the plunge of OKB, the platform currency of OK Exchange, yesterday. On the surface, it was a huge pin, and it was not a simple pin. It is estimated that those who have positions in KB are very sad, especially those who are engaged in contracts and lending, which can be said to be bankrupt.
It is good to be able to seize the opportunity and make a profit. But who will bear the final responsibility? The financial market is like this. Everyone is happy when they make money, but they complain when they lose money. Fortunately, the OK Exchange tweeted immediately that it would be responsible for the full compensation of the affected funds. There should be a result in the next two days. Let's look forward to it together and look forward to a good result.
Many people say that OKB's sharp drop has a lot to do with ICE. Is it true? I don't know. We can understand it by looking at a tweet.
Finally, I would like to advise everyone that in such an environment, try to focus on purchasing spot goods, and do less operations when playing with contracts or loans, and watch more and act less.
Only by protecting and holding on to your capital can you show your prowess when the bull market comes.
There are indeed a lot of negative news recently. Grayscale’s market crash is one aspect, but many times a lot of information is false news released just for the purpose of negative news.
