Recently, I've seen quite a few people worrying about regulatory issues again. Honestly, those who have weathered big storms understand.
Just look back at history.
Take a look at the toughest action—the move on September 4, 2017:
Seven government departments directly classified ICOs as illegal fundraising. All ICO projects were urgently halted, and those already launched had to refund funds. Even harsher, domestic exchanges were required not to touch fiat currency exchanges, not to facilitate trades, and not even act as information intermediaries—basically forced to shut down. Banks and payment channels? All cut off.
And then? Prices did crash for a while:
On September 2, Bitcoin was still at a high of $4,975 On September 4, it dropped to $4,108 By September 15, it plunged to $2,946—more than a 50% drop
But then came the plot twist—
After calming down, everyone realized that except for having to use a VPN to trade crypto, not much else was actually affected. People kept playing, and prices kept rising.
The result? By the end of the year, it soared directly to a historic high of $19,800.
So, the market is like this: short-term fluctuations are normal; long-term trends are what truly matter. Why panic?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
4
Repost
Share
Comment
0/400
GateUser-c799715c
· 3h ago
The wave that directly bottomed out and rebounded in 2017, what are you still afraid of now? History will repeat itself.
View OriginalReply0
gas_fee_therapist
· 8h ago
Even a cut in half wouldn't be enough; I still remember that wave, I was so scared I almost sold everything in a panic. Thinking back now, it's really hilarious.
View OriginalReply0
ApyWhisperer
· 12-09 17:50
History has played out like this every time, yet people are still worrying unnecessarily. Just sit back and wait for another new high.
View OriginalReply0
StakeOrRegret
· 12-09 17:33
They're bringing up 2017 again. Honestly, when regulation hits hard, it actually becomes a signal to get in.
Recently, I've seen quite a few people worrying about regulatory issues again. Honestly, those who have weathered big storms understand.
Just look back at history.
Take a look at the toughest action—the move on September 4, 2017:
Seven government departments directly classified ICOs as illegal fundraising. All ICO projects were urgently halted, and those already launched had to refund funds. Even harsher, domestic exchanges were required not to touch fiat currency exchanges, not to facilitate trades, and not even act as information intermediaries—basically forced to shut down. Banks and payment channels? All cut off.
And then? Prices did crash for a while:
On September 2, Bitcoin was still at a high of $4,975
On September 4, it dropped to $4,108
By September 15, it plunged to $2,946—more than a 50% drop
But then came the plot twist—
After calming down, everyone realized that except for having to use a VPN to trade crypto, not much else was actually affected. People kept playing, and prices kept rising.
The result? By the end of the year, it soared directly to a historic high of $19,800.
So, the market is like this: short-term fluctuations are normal; long-term trends are what truly matter. Why panic?