Sideways trading suits waiting for a short position. This message is addressed to fren who is trying to get the lowest price. Today, we will review the 312 digital currency event and test the extent of the significant drop in the digital currency world in the past.
⭐ BKONE 312 refers to a major dump on March 12, 2020, and the major dump goes through five steps!
On March 1st, BTC dropped from $9200 to $8300, a decrease of 9.8%, and ETH dropped from $250 to $210, a decrease of 16%.
BTC declined 10%, while altcoin was declining by 50%, everyone believes that the recovery has almost begun, and most people have entered the market to get the lowest price.
March 2nd: Bitcoin dropped from $8300 to $7700, a decrease of 7.2%, and Ethereum dropped from $210 to $190, a decrease of 9.5%.
You didn't have it on the second day after the big drop, everyone dropped for two days and everyone thought that the lowest price had been reached and that there wasn't much risk, and they will continue to enter the market.
3, March 10 and March 11: As everyone hoped, the significant decline did not continue, and the whipsaw continued on these two days, as many bought large quantities and expected an uptrend.
4, March 12: The price of BTC dropped from $8000 to $5500, a decrease of 31%. The price of ETH also dropped from $200 to $120, a decrease of 40%.
Everyone can imagine how Bitcoin drops by 31% in one day, and Ethereum drops by 40% in one day, and the extent of the drop in various alternative currency prices, where their drop ranges by multiples. No virtual currency survives this drop, and here the incident 312 began. There were a few people in the digital currency world who were still dreaming of a comeback, and some people started borrowing and borrowing money to get out of the crisis. However, most people no longer want to buy at the lowest price, but have become completely desperate, and all of them are screaming that the world of digital currencies will end, and that Bitcoin will reach zero.
5, 13 March: BTC recovers to 6200 then drops to 3800, a decrease of 38.7%, ETH recovers to 145 then drops to 89, a decrease of 38.6%.
More than 90% of the digital currency world has collapsed on this day. Releasing some type of contracts could be a salvation, whether you're long or short, everyone receives liquidation and could lose everything. It can be comforting, and everyone has relaxed greatly. Finally, everything has ended, everything has ended.
In the war, I was lucky to participate and took everything immediately, and finally lived. If you play with contracts in any year and use a high leverage, I think the ceiling will not leave you a place, because 312 was the time when long and short positions were settled, and hundreds of thousands of people were settled every day. I want to emphasize again not to use leverage, even high leverage. If you trade 100 times and win 98 times, losing 2 times may mean losing everything.
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