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This time, Ethereum was stolen with 1.4 billion US dollars. Many people think that it is not worth mentioning in front of Ethereum's 300 billion US dollar Market Cap, mistakenly believing that 1.4 billion US dollars can only lower the price of Ethereum by 14 out of 3000 (which is less than 1%). In fact, this 1.4 billion US dollars, without considering the situation where large institutions happen to buy and the market makers protect the market, can crash Ethereum to zero about 14 times in 20 seconds. There are approximately 500 million cryptocurrency traders worldwide, with approximately 50 million active users per day. There are approximately 5 million habitual limit order placers, with approximately 1 million placing limit orders for Ethereum. Assuming an average of 100 US dollars per person for limit orders, the total amount of limit orders for Ethereum is 100 million US dollars, and 1.4 billion US dollars can reset Ethereum 14 times.
Although I haven't been in the currency circle for a long time, but the people who know this secret will not exceed 1%, even many well-known anchors or big Vs do not understand these, because only those who have operated can truly understand, but the reality is that in order to prevent market panic selling, the big players will definitely hold emergency meetings to increase the liquidity of Ethereum, and they will not allow the appearance of Black Swan even if they have to spend money to take down this $1.4 billion order.
How did I know this? Because in 21, a netizen took me to play the primary market, where I bought 40WU PC coins. Single-handedly, I instantly raised the Market Cap from hundreds of thousands of dollars to millions of dollars. It was then that I understood that Market Cap is all fake, and the key is liquidity. The worse the liquidity, the faker the Market Cap. Apart from the big cake Ether, which requires hundreds of millions of dollars to crash, other altcoins including sol can go to zero with just 10 million dollars or even less (without considering market manipulation). So, I spent 300W to learn this knowledge, and now I share it with everyone for free, even though the cost was a bit high.
Of course, this pit, my Internet friend, is undoubtedly on the road to prison. My friend has already reported him to the police because he cheated me again after 23 years, making me invest in a 2 million project without getting any money back. I estimate that he is still secretly following me. In addition, there was another person in Beijing who cheated me out of 3 million 21 years ago. Last year, he was arrested by the Chaoyang District Procuratorate in Beijing and sentenced to a heavy sentence, expected to be around ten years.
Because I have never cheated anyone out of a penny in my life, so the person I hate most is a cheater. I even particularly dislike liars, which goes against my principles. As long as it is a cheater, I believe that there will be no good outcome in the end. Every move of the person who deceived me is under my control.