This article is machine translated
Show original
Eight years ago, the 50,000 BTC "self-destructing truck" (a metaphor for a massive, unrecoverable loss of BTC) was met with ridicule and condemnation. It nearly dragged everyone down with it during the bear market, ultimately resulting in an average loss of 20% on average. Eight years later, however, the sentiment has shifted to sympathy and support. 😂 Many Twitter users who entered the market after 2021 likely didn't experience what happened back then and are unaware of the full story. @dotyyds1234's tweet has already explained the details very clearly. However, many are still curious about what would have happened if exchanges hadn't intervened. Here are two AI-generated projections of the event; you'll have your own answer after seeing them. If we, the retail investors, still sympathize with the big players after reading this, then you are a pure and principled decentralized warrior! 👍 However, this "self-destructing truck" ultimately brought positive development to the industry. Since then, various exchanges have successively launched automatic position building mechanisms, price marking mechanisms, tiered margin mechanisms, and huge risk reserves.


Yes, those who were criticized back then are now being protected and praised.
You're full, you can get off the table, but don't fucking flip it over.
Self-destructing truck, hahaha!
Sector:
From Twitter
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.
Like
Add to Favorites
Comments
Share
Relevant content





