2011In mid-June, a user named Allinvain claimed that he had 25,000 bitcoins (yes, you are right, it is 500 million now? ! ! ) It was stolen. On June 19, a shocking scene happened. Within a minute, the price of bitcoin dropped from 17 to 10. Within a few minutes, the price was further smashed to 0.0 134 (only $300 was left in an instant ...). Finally, * * * 260,000 bitcoins were traded at 1 cent. After 30 minutes of panic, the price returned to $65438 +03. Sudden oversold orders cause panic and follow suit, causing group trampling.
After-the-fact investigation showed that the account of a big bitcoin account was hacked, which led to an instant low-price vicious selling. Hackers used another account to copy the bottom at low cost and completed the shocking action of stealing money. As the digital currency market was still in its infancy, this incident seriously shook the confidence of the Bitcoin community. About half a year later, Bitcoin fell to $2 all the way, more than 90% lower than the peak in June.
The second plunge: down 80%
After the attention of many media disappeared, Bitcoin began to reorganize. Driven by many favorable factors, it gradually rose from the position of $2, and broke through the previous high of $32 at 20 13, and then it was unstoppable. By April of 20 13, it had reached $260.
Unexpectedly, the bitcoin mining software at that time had a small "fault" when it was updated, which led to the suspension of bitcoin withdrawal business by Mt.Gox, the world's largest exchange. After seeing it, a large number of traders thought that Bitcoin was going to zero, so they quickly sold it and tried to escape from this "Ponzi scheme" in their hearts. In just a few days, Bitcoin fell by 80%. However, despite successive heavy blows, Bitcoin is still unstable at the bottom of $40.
The third plunge: a drop of 87%
However, the events that highlighted it did not completely inhibit the rise of Bitcoin. With the recovery of Mt. Gox business, the price of bitcoin began to soar again, reaching 20 13 1 1, which has exceeded 1000 USD and reached 1200 USD! The mainstream society finally began to notice this geek's plaything. It is these concerns that directly triggered a tragedy of jumping off a building.
20 13, 1 1, the biggest and most typical crash in bitcoin history, when bitcoin plummeted by 87%. The fuse that triggered the crash was the Notice on Preventing Bitcoin Risks (hereinafter referred to as the Notice) jointly issued by the regulatory authorities headed by Bank of China, which clearly pointed out that Bitcoin is not a currency and should not be circulated in the market as a currency. Ordinary people have the freedom to participate at their own risk, and financial institutions and payment institutions are not allowed to use Bitcoin to price products or services. As soon as the news came out, bitcoin was halved from 1200 to 600 dollars that day. You are not mistaken, it evaporated by 50% in one day!
So bitcoin is a high-risk investment, so be careful!