Black Swan Events in the Crypto World: Risks and Opportunities! How many have you experienced?

1. February 2014, Mentougou Incident: Bitcoin plummeted by 80%. In February 2014, Mt. Gox, the largest Bitcoin exchange in the world, was hacked, losing nearly 850,000 Bitcoins, accounting for 7% of the total Bitcoin supply at that time. This incident directly caused the price of Bitcoin to crash from $800 to $100, plunging the cryptocurrency market into an unprecedented crisis of trust.

2. September 4, 2017, China's ICO Ban: Market capitalization evaporated by 80%. On September 4, 2017, the People's Bank of China and seven other ministries jointly issued a document to completely halt all token financing activities. The price of Bitcoin fell from $4,100 to $2,817, with a daily drop of over 30%. Numerous ICO projects collapsed, and the cryptocurrency market's capitalization evaporated by 80%.

3. March 12, 2020, Black Thursday: Ethereum dropped to $80. In 2020, the COVID-19 pandemic broke out, causing severe turbulence in global financial markets, with all asset classes plummeting. The U.S. stock market experienced four trading halts. The cryptocurrency market was no exception. On March 12, the price of Bitcoin fell from $8,000 to $3,800, a drop of over 50%.

4. May 19, 2021, Strengthening of Chinese Regulations: 600,000 people faced liquidation. On May 19, 2021, the Internet Finance Association of China and other institutions jointly issued a document explicitly prohibiting relevant organizations from engaging in virtual currency-related businesses. The price of Bitcoin plummeted from $42,000 to $29,000, with a daily drop of over 30%.

5. In May 2022, the Luna coin of the Terra ecosystem and the UST stablecoin collapsed. The market value of Luna coin went to zero overnight, with its price dropping from over $100 to nearly zero. Bitcoin also fell from $40,000 to $30,000. In June of the same year, affected by the Luna incident, Three Arrows Capital went bankrupt, and Bitcoin further dropped to $10,000.

6. November 2022, FTX Crisis: In November 2022, the world's second-largest cryptocurrency exchange, FTX, was revealed to have serious financial problems, leading to massive panic withdrawals by users, causing FTX to face a liquidity crisis and ultimately declare bankruptcy. Its founder, SBF, was also imprisoned as a result. The price of Bitcoin dropped to $15,000.

7. February 3, 2025, Deepseek Incident: 710,000 people faced liquidation. On February 3, 2025, the emergence of Deepseek shattered the AI bubble in both the U.S. stock market and the crypto world. At the same time, after Trump came to power, tariffs increased on multiple countries, triggering panic. The price of Ethereum plummeted to $2,100, and many altcoins returned to bear market lows, resulting in 710,000 people facing liquidation.