echodotx
@echodotx
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Six major black swan events in the cryptocurrency circle, how many have you experienced?
1. Mentougou incident in February 2014: Bitcoin plummeted 80%
In February 2014, the Mentougou incident was regarded as one of the most serious events in the history of the cryptocurrency circle. At that time, the world's largest Bitcoin exchange MTGOX was hacked and lost nearly 850,000 Bitcoins, accounting for 7% of the total number of Bitcoins in the world. This incident not only caused the price of Bitcoin to plummet by 80%, but also triggered a crisis of confidence in the cryptocurrency market.
2. September 4, 2017 incident: market value evaporated by 80%
In 2017, the cryptocurrency market experienced huge fluctuations, and the market value evaporated by 80% in just a few days. Investors suffered heavy losses in this crisis, but it was this experience that made people understand the complexity of the cryptocurrency market more deeply. 0 reply
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