I’m new in the crypto industry and the only major negative event I have experienced in this space is the exit of FTX. Even though I wasn’t affected directly, the crash still had an effect on my bitcoin investment as the price dumped during that time period. It’s crazy because I remember attending a FTX sponsored event during my newbie days, lucky for me I didn’t subscribe to storing my coins in exchanges. The only regret I have is not buying bitcoin early.
Unlike many colleagues I knew who fell victim to the FTX crash I can still imagine the emotional trauma some of them had to go through within that period particularly those that had to take loan to invest in it hoping to make profit and return the loan in due time but unfortunately for them the shipwreck occured taking their money down with it.
In same vein you attended you attended a FTX sponsored class that was how they got to know about FTX and decided to invest without doing much research own their own but fortunately for you you didn't invest and therefore lost nothing to the crash event.
You need not continually to regret about buying bitcoin early, to me I believe each person has a right time for them in buying their first bitcoin and same applies in your case, what really matters now is how you're making a good use of the opportunity now to your profit based on the knowledge you've gotten about bitcoin.
How about you, what would it be?
If I could delete an occurrence from happening in the cryptocurrency world then I would delete or stop the Mt Gox hack. In the hacking history of the cryptocurrency world Gt Gix hack is on the top. It leaves a bad footprint on the cryptocurrency world. The Gox hack was the largest hack in the history of the crypto world as the Gox was the bigger exchange at that time and the hacker stole 850000 bitcoins from it. This hacking has a significant impact on cryptocurrency and people look at Bitcoin as a scam and lose belief in it. If that hacking had not happened at that time then maybe the Bitcoin price will change today and may have a higher price today. Due to hacking the price of Bitcoin was down in 2014 and if it had not occurred then maybe Bitcoin would have now widely accepted but unfortunately, it has not happened.
This is not the only hacking that push Bitcoin down and become notorious but also there are some more that also contribute to this shit which was The Luna crash, the Celcius network bankruptcy, the three arrows capital bankruptcy, and the FTX crash. These events also imprint the bad impacts due to which people become fearful and maintain a distance from bitcoins.
Wow! To me this topic is really getting interesting more than I thought as with each comment's I have got to read and know many more events that had happened in the cryoto-world that I never had an idea about before now and this is part of learn even though this events really brought miserable losses to it's victims which also from which many people have learned from them all to be very cautious and selective on what they invest on.
