The three major black swan events in the history of the currency circle were caused by Musk!
1. Dawn in the trough of the currency circle: the turning point of 9.4
On September 4, 2017, the currency circle encountered an unprecedented trough. On that day, ICOs were strictly banned, many projects were forced to withdraw, digital currency exchanges were also closed, a large number of investors fled the market, and currency values plummeted. In this storm, the value of most currencies evaporated by more than half in just one day, and panic spread in the market. However, it was this huge setback that gave rise to the firm belief and keen insight of some investors. In the following three months, Bitcoin led all major mainstream currencies to new peaks. Those few who stood their ground eventually achieved multiple increases in their assets.
2. 312 Black Swan: A life-and-death battle in a huge market earthquake
In March 2020, the currency circle once again experienced a thrilling plunge. On March 8, the market originally showed a prosperous scene, and the prices of Ethereum and Bitcoin remained stable. However, just a few days later, the situation took a turn for the worse. On March 9, the first circuit breaker in the U.S. stock market triggered market panic, and the prices of both Ethereum and Bitcoin fell sharply. Just when investors thought the risks had been released, on March 12, the market plummeted again. The price of Ethereum plummeted from highs to lows, and Bitcoin was not immune. In this black swan event, 90% of investors suffered heavy losses, and the market fell into pessimism.
3. Big shock in the currency circle on 5.19
On the night of 518, when Yang Ma took action, the situation in the currency circle changed!
Everyone must still have fresh memories of the turmoil in the currency circle on 519.
Bitcoin was cut in half, falling all the way to $29,000;
Ethereum was even more miserable, plummeting from $4,300 to $2,700;
And those niche currencies are even more in danger, almost on the verge of extinction.
A certain exchange is even more shocking. Stop loss? Humph, don’t even think about it, I’ll just unplug the network cable for you!
On May 19, the cryptocurrency market ushered in an unprecedented plummeting storm. The prices of countless currencies fell by more than 50% on this day, and the market was devastated.
Bitcoin, as the market leader, cannot escape bad luck. In just 12 hours, the price plummeted by nearly 30%, catching many investors off guard. Other mainstream currencies such as Ethereum also suffered heavy losses, with alarming declines.
This plummeting storm swept almost the entire currency circle, and no one was spared. OKB coin, Litecoin, HT coin, etc. all fell sharply, with losses exceeding 40%. Popular currencies such as Dogecoin and Shiba Inu Coin were not spared and suffered equally heavy declines.
This market plunge not only attracted widespread attention in the currency circle, but also spread to people outside the currency circle. That night, major entertainment platforms such as Douyin and Weibo reported on the incident, and the plummeting currency circle became the top three hot topics.
According to statistics, the amount of liquidation in the market that day was as high as 40 billion, and the number of people liquidated reached an astonishing 480,000. In this plummeting storm, countless investors suffered heavy losses, while some brave short sellers took the opportunity to make a fortune.
Among them, Liang Xi, a celebrity in the currency circle, is one of the best. With his keen insight and decisive decision-making, he started short trading with 1,000 yuan and eventually earned tens of millions of dollars. His success story is widely known in the currency circle and has become a role model for many investors.
Okay, that’s it for the article. If you don’t have time and are a newbie, and I tell you this, you don’t know what to do or how to read this information.
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