KateCrypto pfp
KateCrypto
@katecrypto
BITCOIN CAN NOT ONLY SOAR THREE TIMES IN A FEW MONTHS, BUT ALSO CRASH BY 80% IN A FEW HOURS! I just want to remind those who may have forgotten due to the rise in price: Bitcoin can fall just as quickly as it can rise. For example, in April 2013, it fell 5 times: from 269 to 51 dollars. Reasons: 1) the rapid rise in price from 13 to 269 dollars should have ended in a correction 2) The largest crypto exchange at that time, MtGox, collapsed 3) Fear and panic due to the collapse of MTgox provoked a sales snowball Despite this, Bitcoin did not die, but even recovered and rose to $1,000 at the end of 2013. This crash taught me a lot, including the following: - Volatility is the price of the crypto market opportunity. - Do not blindly trust centralized exchanges. - Safety matters. - Resilience, confidence and patience win in cryptocurrency Could something like this happen again now?
0 reply
0 recast
0 reaction