94 for three years.

Although you are reading my article, do you still have bitcoins? Did you participate in the ICO back then? Has DeFi, which has become popular recently, worked hard?

I am glad that the old people are still there, and I am also glad that more people have joined the cryptocurrency industry.

Some friends who entered the currency circle relatively late will ask, what day is 94? In the end what happened? Then listen to me.

Going back to September 4, 2017, an event comparable to an industry earthquake occurred in the currency circle:

Due to the prevalence of encrypted digital currencies, ICOs have attracted attention and poured into the market, and attracted a large number of people who do not understand it thoroughly, shouting "the bull market is coming!" More and more, officials have repeatedly emphasized the control of risks, but they are still out of control.

So... on September 4th, the cryptocurrency market was sanctioned:

Seven departments, including the People's Bank of China, the Central Cyberspace Affairs Commission, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission, jointly issued the "Announcement on Preventing the Risk of Token Issuance and Financing", and required all tokens to be suspended from now on. Issue financing activities.

Suddenly, several tokens fell below the issue price, with the highest drop exceeding 90%. Bitcoin also fell. The holders who were fantasizing about To Da Moon the day before suddenly became the most helpless people, and they were afraid that they would not be able to survive.

However, this "crackdown" gave birth to over-the-counter trading, which is one of the most commonly used digital currency trading methods we now use.

Compared with the previous direct purchase on the exchange, OTC allows users to trade with each other, and the liquidity is more interactive. For example, in Bixin, users can freely choose the advertising party in the fiat currency trading area, and purchase Bitcoin, Ethereum, etc. However, while over-the-counter transactions bring greater freedom to users, they also increase risks, such as money laundering, black money inflow and other issues, which will put users at risk of freezing their cards.

The C3 authentication method adopted by Bixin: ID card, bank card, and live face recognition will ensure the security of user accounts to the greatest extent; and the exclusive T+2 risk control rules in the fiat currency trading area, 90% are available immediately, The remaining 10% of assets can be used after 48 hours, which can minimize the probability of freezing cards.

(Bixin C3 certification)

But fortunately, we survived from 94. Just three months after September 4, 2017, on December 17, 2017, Bitcoin reached the highest point of $20,000, which directly quadrupled! 100,000 becomes 400,000, 1 million becomes 4 million, crazy bull market, crazy money.

(Bitcoin 2017 trend chart)

In fact, the current scene always reminds me of 2017: the group chats that can’t finish reading the news, the new Weibo that can’t be swiped to the bottom, every day I am full of confidence in the assets in hand, and there are new hot spots and new currencies every day.

Now these people who claim to be old leeks in the currency circle, including me of course, follow the newcomers every day to learn new defi terms: uncle, second uncle, fifth uncle, sweet potato, sushi, pickles, pearls... If it weren’t for them, I would really I don't know how rich the expression of emoji is...

DeFi is still quite risky, but the risk belongs to the risk, and making money is really making money. Seeing so many friends make money, envy arises spontaneously. Those who haven’t got in the car yet, those who are in the car, you can listen to cute, starry sky, and super talk about DeFi next Monday, so that you can feel the DeFi that you can earn 60 seconds less by closing your eyes for one minute.

(Cute on Monday, Xingkong, Super Chat DeFi, interested friends, don’t miss it~)

Bixin Live is waiting for you:https://bixin.com/landing_page/?i=R9DWUL#/

Download Bixin, search group number 14666

Bitcoin fell from 11500 to 9900+, as if paying tribute to 94 in 2017.

No matter what it looks like in 2017 and now, the staggering 2017 witnessed the highest point of Bitcoin, and 2020, which has passed 312, will also witness a new starting point for Bitcoin.

On December 17, 2020, what do you think the price of Bitcoin is?

Leave a comment and discuss with us~