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Review of the six major black swan events

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海绵进化论
16 hours ago
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I. The February 2014 Mt. Gox Incident. The world's largest Bitcoin exchange, MTGOX, was hacked, resulting in the loss of nearly 850,000 Bitcoins, accounting for 7% of the global Bitcoin supply. This incident caused Bitcoin to plummet by 80% and triggered a crisis of trust in the cryptocurrency market. II. The September 4, 2017 Incident. The cryptocurrency market experienced significant volatility, with its market capitalization plummeting by 80% in just a few days. Investors suffered heavy losses, further highlighting the complexity of the cryptocurrency market. III. The March 12, 2020 Incident. The price of Ethereum fell below $80, revealing the volatility and uncertainty of the cryptocurrency market, but the belief in its potential and value remains steadfast. IV. The May 19, 2021 Incident. 600,000 contract dogs were liquidated overnight, causing massive losses for many investors and once again reminding us of the high risks and uncertainties in the cryptocurrency market. V. The 2022 Luna Black Swan Event. It triggered a major crisis in the decentralized finance (DFI) sector, marking a significant turning point in the cryptocurrency market with far-reaching consequences. VI. The 2022 FTX Collapse Incident. It triggered a crisis of trust in the entire cryptocurrency market, causing severe damage. Although the market has been relatively friendly this year, these tragic events still serve as a wake-up call, and we need to remain vigilant at all times. Amid industry changes, we look forward to the dawn of a new chapter.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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