Exactly 3 years ago, on March 12th 2020, bitcoin price crashed 50% in one day.

... In 2020, the COVID-19 pandemic had just begun to spread globally. This caused a widespread panic and uncertainty in financial markets which lead to sharp declines in global markets... bitcoin was no exception to this.

In just one day, exactly 3 years ago.. bitcoin price took a horrendous nosedive.. dropping 50% (FIFTY PERCENT) in just one day.

This caused huge liquidation cascade on once popular exchange BitMEX. $750 million in bitcoin was liquidated in a matter of minutes. This created a swift drop to the $3600 low... the exchange was then very conveniently closed for "maintenance" :D ^{(Its owner Arthur Hayes was sentenced to 2 years of probation for money laundering})

Another popular exchange at that time - Deribit also faced technical difficulties

In two months however bitcoin price completely recovered and proceeded to make new all time high some time later...

https://preview.redd.it/g7bw9y0slana1.png?1344&format=png&auto=webp&s=206adb2ed82a49941c8f0325d3bcc27f1723523d

• Were you there at that time?
• Were you panicking?
• Or were you buying like a real chad?

*Edit: here is also daily discussion on that day (thanks to u/AncientCauliflower47 )

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Sources:

https://www.cnbc.com/2020/03/13/bitcoin-loses-half-of-its-value-in-two-day-plunge.html

https://www.forbes.com/sites/billybambrough/2020/03/19/major-bitcoin-exchange-bitmex-has-a-serious-problem/?sh=44d2e07d4f7d