Traders must control their emotions and not let one percent of emotion affect ninety-nine percent of their efforts. Do not hold on to a single viewpoint and fight against the ever-changing and diverse cryptocurrency world from just one angle!
Remembering the Black Swan Events in the Cryptocurrency Circle
A summary of black swan events in the cryptocurrency circle; in the face of black swans, there are no experts! [Risk is always present, always maintain risk control.]
1. The Mt. Gox Incident In February 2014, the Mt. Gox incident was regarded as one of the most serious events in the history of the cryptocurrency circle. At that time, the world's largest Bitcoin exchange, MTGOX, was hacked, losing nearly 850,000 Bitcoins, accounting for 7% of the total global Bitcoin supply. This incident not only caused Bitcoin to plummet by 80% but also triggered a crisis of trust in the cryptocurrency market.
2. The September 4 Incident The 94 incident occurred in 2017 and was triggered by regulations from mainland China.