The next day, May 21st.
In the Jingxinju fitness room, Tian Jiayi, who was doing stretching exercises, stopped. She looked at Fang Hong, who was also working out here, and said: "Yesterday's Bitcoin flash crash attracted a lot of attention and reports from the financial media. Domestic There are some from abroad, and the majority of them are from foreign media.”
Fang Hong said: "What's wrong?"
Tian Jiayi turned his head and looked at him: "Many media have questioned the recent sharp rise and fall of Bitcoin and its obvious manipulation. After the hype, the ebb will definitely leave a mess..."
Hearing this, Fang Hong smiled and said: "Happy. Even a leek knows that human manipulation is obvious, so why do they need to analyze it? Who among the participants does not know this? If you know it, you are still willing to enter the game. There is nothing to say."
Tian Jiayi said: "If digital currency is really promising in the future, let them know about this in the future and see that you have made a lot of money. Now those who are selling money or losing money should not spread all their grievances on you?" "
Fang Hong asked, "Why should you let them know?"
Well……
A look of confusion appeared on the face of the beautiful assistant, and she was speechless for a moment. After a while, she tried to retort: "You currently hold 15% of the total chips, you will have to withdraw and cash out in the future, right? Suddenly there are so many A lot of wealth, after making so much wealth, you can’t hide it, right?”
Fang Hong suddenly said: "Can't I buy it back in a few years? Who stipulates that I am not allowed to buy again after I have sold it? Or that if I buy it, I must disclose the position information to the outside world? Who stipulated it? Publication and No, doesn’t it depend on my mood?”
Well……
The beautiful assistant was speechless again, unable to refute for a while.
The current ups and downs have nothing to do with God K. As for making money on Bitcoin in the future, well, I did throw away all the chips before, but after two and a half years of selling, I corrected my mistake. Why buy it slowly and keep it for a long time? Can’t I buy it back after selling it now?
Fang Hong glanced at the beautiful assistant and said with a smile: "The truth is always in the hands of a few people. Everything has pros and cons, and has two sides. Thinking about it from another angle, this violent and even tragic fluctuation is also shocking to a large extent. For speculators who want to make a fortune here, they have to weigh whether they are a sickle or a leek. Maybe they are afraid and will not come."
Having said this, Fang Hong paused and his smile remained unchanged, and added: "It's still the same sentence over and over again. Anyone who cuts you is a cut. It's better for you to go up and cut it. If I cut it, I can still get a lot of money." When I was working as an educational assistant, if someone cut me off, I would put it in my trouser pocket."
Hearing this, Tian Jiayi chuckled a few times, looked at him and said, "You guys will find reasons for yourself to feel at ease."
Fang Hong spread his hands and shrugged.
…
In the early morning of May 22, Bitcoin formed a new daily K-line. After the previous daily K-line closed at $27.5, it continued to rise today, reaching a price of $32.7, with an intraday increase of +18.9 % water level.
However, it then started to plunge again, with the lowest price of the day reaching 17.3 US dollars, a decrease of -37.09% compared to the opening price, a decrease of -47.09% compared to the highest point of the day, and finally closing at 20.3 US dollars. It fell -23.40% that day, with the amplitude reaching 55.98% throughout the day. Bitcoin's market value also shrank by US$426 million.
…
On May 23, Bitcoin's price opened at $23.3, with an increase of +14.78%, and then once again staged a tragic drop comparable to the day before yesterday.
It once fell to the price of 2.9 US dollars during the session, directly breaking the low of 3.6 US dollars the day before yesterday and setting a new low in the near future. Compared with the opening price, it fell -85.71%, and compared with the highest price of the day, it fell -87.55%. Throughout the day The maximum amplitude reached a terrifying 100.49%, and it exceeded 100%.
However, everyone has seen how terrible the price fluctuations of Bitcoin are. When the big A investors looked at it, they suddenly felt that the sky and the earth were just like that. It was just a loss of 20 points. In Bitcoin, it might only be one or two seconds. matter.
With such extremely violent price fluctuations, some people lamented at the loss of blood, and some people exclaimed at the loss of blood, but a new voice emerged today, that is, a group of currency players began to call on trading platforms to provide short-selling tools for Bitcoin as soon as possible. .
Moreover, the number of groups calling for this is increasing.
Obviously, players in the currency circle feel that it is not enough, and believe that the current trading mechanism of Bitcoin is not perfect enough. Currently, it can only do long, because the earliest trading platform has only been online for a year, and there are currently no short-selling tools. Players in the currency circle You can only make money by going long.
When players in the currency circle see the terrifying price fluctuations of Bitcoin, they actually hope to make money by short selling. Seeing the price fluctuations within the day, they easily hit 80 or 90 percentage points, but cannot short sell, feeling like they have lost a lot. 100 million.
As the price of Bitcoin dropped to 2.9 US dollars, the subsequent trend confirmed that this was today's lowest point, because after the explosion, it began to increase again, and the trend was really big V Tianlong.
Finally, before the close of the day, the price of Bitcoin was locked at US$18.3, rising from the lowest point of US$2.9. The increase during this period reached +531%, such an intraday increase.
Overnight losses and instant fortunes are happening at the same time in the virtual currency trading market of Bitcoin, which continues to stimulate and raise the threshold of players in the currency circle.
If there are risks and fluctuations in the capital market that despise the chain, those who speculate in stocks despise those who speculate in funds, those who speculate in futures despise those who speculate in stocks, those who speculate in options despise those who speculate in futures, then those who speculate in Bitcoin despise all the previous ones.
The intraday price fluctuation of Bitcoin can reach more than 90% at any time, and the intraday increase can be 5 times or even 7 times. If it is compared with the same leverage as futures speculation, and the leverage is 50 times, it can increase when you are bored. The position can be liquidated in an instant, and you can make hundreds of times a day when you make a profit.
In the next four days, the price trend of Bitcoin surged sharply every day and then began to fall. After peaking at $52, it fell for seven consecutive days, and the amplitude fluctuations every day were more than 50%.
On May 24, Bitcoin plunged -33.33% to close at $12.2, with an intraday amplitude of 57.25%;
On May 25, Bitcoin fell -6.56% to close at $11.4, with an intraday amplitude of 54.58%;
On May 26, Bitcoin plunged -17.54% to close at $9.4, with an intraday amplitude of 65.30%;
On May 27, Bitcoin plummeted -50.00% to close at $4.7, with an intraday amplitude of 87.18%. On this day, it reached an intraday low of $1.9, setting a new low in the near future.
Bitcoin's trading volume in the past few days has been as low as US$30 million and as high as US$57 million. Compared with the daily trading volume of less than US$1 million last month, liquidity has surged dozens of times.
As more and more players in the currency circle continue to call on the platform to launch short-selling tools, several major existing trading platforms have begun to work overtime to design short-selling tools.
It's as expected.
For a trading platform, one more derivative instrument means one more way to make money. Anyway, the platform fee will be deducted and the profit will be guaranteed.
If you don't make money, you are a bastard.
The current trading volume is also very impressive. Although most of them are data produced by Fang Hong's traders, is it important?
Brushing data is also data, and it also has costs. As long as transactions are generated, there are transaction costs. The larger the transaction volume, the more profits the trading platform will make.
…
(End of chapter)
