The biggest incident of early trouble (Mentougou incident)
Many people asked me what the Mentougou incident was about and whether it had a big impact. So I will now tell you about this incident and whether it had a big impact.
Mt. Gox incident: one of the most famous security incidents in the history of Bitcoin. Mt. Gox is a Bitcoin exchange located in Tokyo, Japan. It was once the world's largest Bitcoin trading platform, handling about 70% of the world's Bitcoin transactions.
However, in February 2014, Mt. Gox announced that due to system vulnerabilities and security issues, about 850,000 bitcoins worth hundreds of millions of dollars were stolen. This incident led to the bankruptcy of Mt. Gox and had a significant impact on the Bitcoin market and the cryptocurrency industry.
The main impacts of the incident include:
1. Market shock: Bitcoin prices fell sharply after the incident, causing widespread panic in the market.
2. Strengthened supervision: Governments around the world have begun to pay attention to and strengthen supervision of cryptocurrency trading platforms to prevent similar incidents from happening again.
3. Security emphasis: The cryptocurrency industry has begun to pay more attention to security measures, including strengthening the security of trading platforms and protecting user assets.
4. User Trust: The incident dealt a huge blow to user trust, and many investors’ confidence in Bitcoin and cryptocurrency was affected.
Good news or bad news?
There are 14,200 bitcoins in the Mentougou wallet, about 1 billion US dollars. At present, the chain is aggregated. If compensation really starts, there is nothing to worry about. First of all, the market volume today will not have a big problem digesting 10 billion US dollars, because there are ETFs, and the market capital volume is much larger than before. Secondly, the compensation will not be paid all at once, but will definitely be paid in installments, so even if the market crashes, it will not be completed instantly.
Mentougou's compensation is bad in the short term but good in the long term. The short-term decline will not affect the concept of the trend. The violent bull market in the second half of the year has not changed. At present, the 4-hour level needs to continue to fluctuate and adjust, and the originally opened upward channel has been destroyed again. Next, focus on the position of 66,000. If the 4-hour level falls to this position again, then the short-term will enter the decline verification support mode again.
What are some of the 20-50x coins that are surging with the trend?
$bnb
BNB's daily K-line chart has a rising triangle relay pattern. This range has been maintained for two or three months. I have mentioned it many times before. Now it is narrowing to the end. The daily K-level relay, the breakthrough is that the high point below the big market is constantly rising. Although there are occasional pins, they are all closed before the closing. There are several lower shadows. The price below 600 is appropriate, and it is just at the lower line of the final pattern.
$W
Wcoin is the native cryptocurrency of the Wormhole ecosystem, carrying the core functions of the cross-chain communication protocol and infrastructure of the Wormhole platform. As a leading cross-chain platform, Wormhole aims to achieve secure and seamless data transmission between different blockchains.
Don't forget to accumulate this $W currency!
This chart type is accumulating in preparation for an upcoming rally
Cross-chain bridging, product necessary, flexible and competitive with L0, which has not yet launched a token.
Supporter is Jump -> Once the pump starts, it will be like the previous $INJ $TIA $APT.
If you have any questions or want to join the group, add me on VX: mcty689
