May 19th marks the four weeks since our crypto world "519 Massacre".

It's been a year. Today, I want to take this special time point.
Let's take a look back at that historic crash, and I hope that the crypto world...
After this memory reset, for those who are still struggling in the market
a wake-up call for newcomers and even old players.
Many people have been asking recently: Can we leverage now?
The increase is too slow, and I'm itching to act. So today I want to
Say, can you bear all the principal returned within a few minutes?
Zero? If so, you can add whatever you want. But if not, then
You better listen to today's content and see how history teaches.
Nurturing.
What happened on the 19th?
At that time, Bitcoin plummeted nearly 30% in a single day, from the peak of the stage.
The pullback is close to 50%. Many altcoins have directly fallen below 40%.
50%, countless contract players instantly went to zero. That was a complete shock.
A bloodbath at the bottom, a reckoning without any bottom line.
Looking back a week, first Musk announced on social media
Musk stated that Tesla will no longer accept Bitcoin payments, citing reasons that
"Mining is not environmentally friendly." But this is just an excuse, behind the drama.
This has actually been written. The big players have almost finished unloading, so
Start preparing to suppress the price and rebuild positions at a low level.
After Musk posted on Twitter, Bitcoin plummeted by 12%.
Shanzhai coins are even worse. At 9 PM on May 18, the central bank issued a statement.
Virtual currencies do not have legal tender status, and just as the market was about to rebound, it again
Hit down by a blunt weapon. The next day, ten ministries jointly announced
Ming, directly banning the risks of virtual coin speculation, seems to be a replay.
The "94" of 2017. Market panic reached its peak, triggering fear.
Panic sell-off.
The real panic at that time: not what you imagine now.
falling method
Looking at the current K-line chart, you cannot feel the emotions of that time.
However, I still remember very clearly, around March or April.
At that time, Bitcoin was fluctuating around $40,000.
At that time, the price of Bitcoin for the BA perpetual contract was at
it dropped from 40,000 dollars to 1 dollar within a minute, then
was quickly pulled back again.
You read that right, it dropped from 40,000 dollars to 1 dollar, this kind of spike.
Directly put all long positions, regardless of whether it's one times or five or ten times.
times, all liquidated. In one minute, blow up all the bulls. this
This is the so-called "pulling the plug" operation, directly kicking you out of the battle.
They don't even give you a chance to appeal.
Many people think that after all the long leverage is cleared, there will be a violent rally, and they start to crazily increase their leverage. What happens then? Another wave of massacre occurs, completely breaking through the psychological defense line. At that time, the platform crashes, making it impossible to close positions. You can only watch helplessly as your position gradually approaches zero.
Summary: Looking back at 519 is to ensure that we do not become martyrs next time.
Whether it's 519 or 312, for long-term investors,
Looking back, the impact is actually not significant. We only need to
Stay at the finish line, no matter how winding it is in between, it is just waves.
Today smile
But for many people, that was the first time, and also the last.
Next. Because they no longer have a "next time."
So, I will only mention three key points in today's conclusion:
1. Maintain respect for the market, don't play with contracts, especially don't go in.
High leverage.
2. There is opportunity in crisis, but the premise is that you have cash.
Have awareness and patience.
3. Don't fantasize that someone will come to save you, learn to save yourself,
Learning to stay calm is the true posture of a master.