Half a year ago, the price of Bitcoin (BTC) once rose to more than $67,000 per piece, and half a year later, its price has fallen below $30,000. Not only Bitcoin, many virtual currencies such as Ethereum (ETH), Tether (USDT), Binance Coin (BNB), etc., have recently dived collectively.
The most outrageous of them should be the Luna coin. The price plummeted by more than 99% in just a few days, and the unit price was close to zero. This virtual currency dive has caused nearly 400,000 people to liquidate their positions. During the mining boom, Zhao Chengpeng, the founder and CEO of the world's largest virtual currency trading platform, once had a net worth of US$96 billion, and Bloomberg determined that his personal assets surpassed that of Mukesh Ambani, the original richest man in Asia.
Today, Changpeng Zhao’s net worth has plummeted by nearly 90%, leaving only $11.6 billion. It has to be said that the risk of virtual currency is too great, and it may become rich overnight, or it may go bankrupt. Someone posted yesterday asking if it was time for Luna to buy the dips. Seeing today's situation, those who didn't do it might be lucky.
Risk can't stop greedy people?
Before 2013, the price of Bitcoin never exceeded $15, but after the publicity of the mainstream media, Bitcoin finally caused a wave of popularity in 2013, and the price skyrocketed. The good times did not last long. In April 2013, due to the hacking of the Mt. Gox bitcoin exchange, the price of bitcoin plummeted from $233 to $67 within 12 hours, which was the first large-scale mining disaster in the history of virtual currency.
In November 2013, the first quarter of 2014, and July 21017, virtual currency mining disasters broke out one after another, and every time many people called "see you on the rooftop". Recently, some netizens have recommended buildings for virtual currency investors on Tieba. They are the tallest buildings in all parts of the country and are suitable for performing "trapeze".
The word "see you on the rooftop" is very common in the stock market. If the stocks invested in it lose money, investors will ridicule themselves like this. Compared with stocks, the risk of virtual currency is undoubtedly much greater. Although stocks are risky, at least one company guarantees them. Virtual currency is like rootless duckweed, and no one knows where it will be rushed by the water in the next second.
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