Fang Hong saw the message under the latest update on his Weibo account, which also had one word: joy.
People who don’t know the truth still don’t know that the initiator of this epic Bitcoin market trend is God K.
On May 20, around 9 a.m. local time in North America, the price of Bitcoin continued to rise again. Its price exceeded the $40 mark for the first time, and the corresponding intraday increase reached +11.42%.
Just today, two big things happened in the currency circle, or two major good news.
Bitcoin has launched two new trading platforms today. One is from China and its name is "BTCC", also known as "Bitcoin China". Its headquarters is located in Shanghai. This is the first domestic Bitcoin trading platform.
At the same time, in Europe, the trading platform for Bitcoin and British Pound Sterling was also launched.
Such a large-scale surge has pushed the market value to more than 800 million US dollars, and the daily trading volume has continued to soar, which has made many financial institutions and speculators excited.
The thoughts of these financial institutions and speculators entering the market are actually explaining the fact that capital is greedy, but it is not opposed to bubbles and must make full use of bubbles.
You don’t have to understand the value of this kind of virtual digital currency, and you don’t care how big the current bubble is. As long as there are a lot of people speculating in the market, and whoever harvests it doesn’t mean they are harvested, then you might as well go up and cut it yourself. Bundle.
You only need to pay attention to what is being played in the current market. No matter what it is, you may not even understand why those things are worth so much money, but it does not prevent you from following the market and speculating, and there is no need to follow others. It's pointless to argue with a red face and thick neck. As long as there is someone to fry and someone to take over, then go ahead and do it.
As the Eastern and Western Hemispheres announced the launch of two new Bitcoin trading platforms at almost the same time, stimulated by this news, the price of Bitcoin exploded. The launch of the new trading platform means that more participants will come in.
Its price has directly increased from US$40 to US$52 per coin, which is also the highest price today. It has an intraday increase of +44.84%, and at the same time, the total market value of Bitcoin has soared to a height of US$1.092 billion.
The epic continuous short squeeze market. In the past ten days, as long as you open a long position and hold it for more than one day, you will make a profit. Never give up. New highs are set every day, and the sky is the end.
Players in the entire currency circle are completely crazy.
Bitcoin’s epic market price has risen from the bottom of $0.6 at the beginning of last month, that is, on April 4, to today’s price of $52. In less than two months, the cumulative increase has reached +8566.66 %, that is 85 times as much, 100,000 yuan can be turned into 8.6 million in less than two months.
For speculators, the dream of getting rich brought about by the rise in Bitcoin is a fatal attraction.
In May last year, programmer Lars Rohan Yates bought a pizza coupon in Florida, USA, with 10,000 Bitcoins. The first fair exchange rate generated was calculated as the initial price of Bitcoin. One Bitcoin was equivalent to at $0.008.
Compared with the initial price of $0.008, Bitcoin has reached a price of $52 today, with a cumulative increase of +649899.97% in one year, which is a 6498.9 times increase.
The guy who used 10,000 Bitcoins to buy pizza is now also popular. With Bitcoin’s highest price today of $52, the U.S. dollar value of 10,000 Bitcoins is $520,000.
I bought a pizza coupon for $520,000, which is known as the most expensive pizza coupon in history.
Pizza Brother has also become a topic of discussion among players in the currency circle. They all said that when Pizza Brother saw the price of Bitcoin, he secretly hammered the door of the toilet and flushed the toilet with tears.
…
In the new city, you can live in a villa quietly.
Fang Hong was holding a laptop and looking at the latest price trend of Bitcoin. The current price is running at 50 US dollars. He also paid attention to the launch of the mainland BTCC trading platform, and also learned about the trading platform for Bitcoin and British pounds. online.
After a moment, Fang Hong picked up his cell phone and made a call to the person in charge of the trading team: "Start smashing the market."
The response from the other end of the phone was immediately: "Understood."
Fang Hong did not hang up the phone. He looked at the Bitcoin price chart without saying a word.
From a limited and simple emotional point of view, Fang Hong does not hope that mainland players will participate or participate less. If they have to participate, he will not comment.
As for foreign currency players, they don’t even have limited emotion.
They are the ones who are being cut.
Someone has to pay the bill, otherwise how will you make money?
With the launch of BTCC, Fang Hong decided to teach mainland players who want to participate in speculation a lesson first. Before they decide to come in and speculate, let them witness how exciting Bitcoin is. If this doesn't work, Stop their speculation and their dream of getting rich...
Come on then.
Being able to make a fortune from God K is considered a great achievement for him.
Fang Hong is the absolute main force in Bitcoin now, and he has no rivals.
The so-called decentralization is to remove the centralization of many currency players, and to strengthen the centralization of K-God, who has the final say on how the price goes.
There are 21 million Bitcoins in total. More than half of them have been mined so far, but a large part are still in a "sleeping" state, that is, they can't be found. I don't know where they are. Maybe someone forgot that they have Bitcoins. , or I couldn’t find it when I remembered it, and I could only stare blankly if I wanted to cash out.
Fang Hong is currently secretly holding 3.15 million, and this batch of goods will not be moved now, so there are really not many Bitcoins circulating in the market, and it doesn't take much money to affect the price of Bitcoin.
Unless mining continues to produce new Bitcoins, the recent surge in Bitcoin prices has indeed driven up the mining boom. After all, nearly half of the Bitcoins have not been mined.
…
But at this moment, just after Fang Hong made a call, in less than half a minute, the price of Bitcoin began to perform a ninety-degree vertical dive, falling from US$50 to US$45 in one second. Compared with The highest point of the day fell by -13.46%, which was narrower than the opening price increase of +25.34%.
Many players in the currency circle saw Bitcoin suddenly plummeting and went to buy the bottom. What they were thinking was that they would immediately sell for arbitrage when the price was reversed. Because of the T+0 trading mechanism, you can sell immediately after buying.
This kind of sharp plunge usually leads to a short-term counterattack, and the amplitude of Bitcoin fluctuates hugely. Any counterattack can have five or six points.
But goose...
Players in the currency circle who bought the bottom realized the seriousness of the problem only when they rushed in.
At this time, the trend of Bitcoin did not show any counterattack at all, and it directly plunged further to the price of 40 US dollars in the next second. Compared with the highest point of the day, the decline expanded to -23.07%, and the increase compared with the opening price narrowed to - 11.42% water level.
After the bulls who bought the bottom in the previous second were buried, another group of bulls bravely braved the bottom.
…
(End of chapter)
