Looking back at the black swan moments in history, how many have you experienced?
1. Mt. Gox Collapse (2014)
Mt. Gox, the world's largest Bitcoin exchange, suddenly declared bankruptcy, 850,000 Bitcoins evaporated, causing the price of Bitcoin to fall from $1,000 to $150.
2. China's ICO Ban (2017)
The Chinese government suddenly announced a complete ban on ICOs, causing market panic and the price of Bitcoin to plummet from $5,000 to $3,000.
3. BitConnect Collapse (2018)
The cryptocurrency Ponzi scheme BitConnect was exposed, the project collapsed, and investors lost all their money, causing the price of Bitcoin and other cryptocurrencies to plummet.
4. Black Thursday (2020)
The global financial panic caused by the COVID-19 pandemic caused Bitcoin to plummet by more than 40% in a single day, from $8,000 to $4,800, and the liquidation chain within the DeFi system triggered a vicious cycle.
5. PlusToken scam (2019-2020)
The multi-billion dollar PlusToken Ponzi scheme was exposed, and the massive sell-off of Bitcoin and Ethereum caused a sharp drop in the market, with the price of Bitcoin falling from $13,000 to $7,000.
6. LUNA/UST collapse (2022)
The algorithmic mechanism of stablecoins UST and LUNA failed, UST decoupled, LUNA plummeted 99%, billions of dollars were wiped out, and the price of Bitcoin fell from $40,000 to $25,000.
7. Celsius bankruptcy (2022)
Crypto lending platform Celsius faced a liquidity crisis, froze customer withdrawals, and eventually filed for bankruptcy protection, triggering market panic and Bitcoin prices falling below $20,000.
8. FTX Bankruptcy (2022)
The world's top cryptocurrency exchange FTX suddenly went bankrupt, user funds were frozen, the founder was accused of fraud, the market fell into panic, and the price of Bitcoin plummeted from $21,000 to $16,000.
9. Silvergate Bank Collapse (2023)
Silvergate Capital Corp., a cryptocurrency-friendly bank, announced its closure, triggering market concerns about the risks of the banking system, and the price of Bitcoin fell from $24,000 to $20,000.
10. SVB and Signature Bank Collapse (2023)
Silicon Valley Bank (SVB) and Signature Bank collapsed one after another, causing an impact on the stability of the crypto market, and the price of Bitcoin briefly fell below $20,000.
As an investor who has been working in the cryptocurrency circle for many years, I am willing to share my experience and insights with you. If you are interested in the cryptocurrency circle but don't know how to start, you might as well follow my homepage and discuss the mysteries and future possibilities of the cryptocurrency circle with me. Click on the avatar introduction to find me.
