#ETH BTC Reviewing History - Remembering the 312 in the Coin Circle

Today, let's review the crypto world312 incident and experience how terrifying the big dump in the past crypto world really was.
crypto world312 refers to the big dump on March 12, 2020, big dump passed.
1. On March 8th, BTC experienced a big dump from $9200 to $8300, a decrease of 9.8%. ETH also experienced a big dump from $250 to $210, a decrease of 16%.
BTC all fall 10%, most altcoins Slump by 50%, people think the fall is almost over and it's time to Rebound, and most people enter the market to catch the bottom.
March 2nd and 9th: BTC experienced a big dump from $8300 to $7700, a decrease of 7.2%, while ETH experienced a big dump from $210 to $190, a decrease of 9.5%.
I didn't expect another big dump the next day, it's been falling for two days. Everyone thinks that the cost performance has already fallen out, and there is not much risk. Continue to enter and catch the bottom.
3, March 10th and March 11th: As everyone wished, there was no continued big dump, and the market has been whipsawing for these two days. Many people have already taken a long position and bought heavily.
4, March 12: BTC dumped from $8000 to $5500, a drop of 31%, and ETH dumped from $200 to $120, a drop of 40%.
Everyone can imagine what it would be like if BTC fell 31% in a day, and ETH fell 40% in a day. The fall of various altcoins would be multiple times. All Virtual Money would not be spared, and thus the 312 event was born. On this day, a few people in the crypto world are still fantasizing about the end, some are starting to borrow money and loans to go long and back, but most people are not thinking about buying the dip, or even completely desperate. Everyone is shouting that the crypto world is finished, and BTC is going to zero.
5, March 13th: BTC Rebound to 6200 and then fell to 3800, a decline of 38.7%, ETH Rebound to 145 and then fell to 89, a decline of 38.6%.
Over 90% of people in the crypto world have basically collapsed on this day. It may be a relief for those who do contracts, whether you go long or short, all get liquidated and lose everything. Instead, they feel relieved, and everyone is much more relaxed. Finally, it's over. Everything is over.
I was lucky enough to participate in the 312 battle and traded all in Spot, and I survived in the end. If you are playing with contracts and high leverage in any year, I believe there will be no room for you on the roof, because both long and short positions were liquidated during the 312 period, with hundreds of thousands of people being liquidated every day. Once again, I emphasize that you should not add leverage, even high leverage. Even if you make a profit in 98 out of 100 operations, if you get liquidated twice, you may lose everything.