Qunxing Capital’s takeover of the
If most people in the investment circle were indifferent to the cryptocurrency market before, then with the news of the acquisition of X trading platform by Stars Capital, the capital circle’s attention to the cryptocurrency market has skyrocketed.
No matter how much I ignored or scoffed before, I still had to respect the judgment of Qunxing Capital, which is known as the "smart money". After all, the money-making ability of this institution was left alone.
Also rising in a straight line is the price trend of Bitcoin, which has now reached a price of $100, with an increase of +98.76%. This is an epic short squeeze, and the Bitcoin community at home and abroad is excited.
And the price of Bitcoin is still skyrocketing.
"It's going up, it's going up, can it go up again?" In a residential building in a certain city, a currency speculator in the room was staring at the price trend of Bitcoin, and he was very excited.
"Haha! 120 U.S. dollars! Damn it!" He looked at the latest price and was filled with excitement. The price of Bitcoin at this moment has increased by +138.52% during the day, and his cost price is only about 50 U.S. dollars. His heavy position and long position have already doubled. 1.38 times more.
A participant in currency speculation in another city was in agony at the moment. On the contrary, he couldn't help crying when he looked at the price trend of Bitcoin: "Don't go up, don't go up. Damn it, how can I pay back $150?" Is it rising?”
Looking at the price trend of Bitcoin, he was about to collapse, because he was short and entered directly from the price of 125 US dollars.
He believed that Bitcoin would definitely retaliate after doubling within the day, so he decisively opened a short trade.
As a result, the current trend made him collapse. The price of Bitcoin soared to US$150, and the intraday increase expanded to +198.15%. I saw this participant yelling unwillingly: "I don't believe you can keep rising, please add margin!"
He remains firmly bearish.
Then……
The price of Bitcoin continued to hit new highs during the day amid shocks, and its price jumps up and down deeply affected his emotions. Every time it fell, he expected the previous waterfall-like drop, but as a result, it immediately jumped higher and reached a new high within the day. , the moment of anticipation turned into a mask of pain.
"How can you keep rising even if you are riding the horse? Are you crazy! Are you still short-selling? Labor and management will also be driven crazy!" Seeing the price of Bitcoin hitting a new high in the day, the bearer kept wailing in front of the screen. .
After another five minutes, the price of Bitcoin once again surged to the price of $165 in a short-squeeze style amid the shock, and the intraday increase expanded to +227.96%.
"It's over, it's all over, back to zero!" The bearer looked at his account with a pale face.
His position was liquidated and he no longer had the money to make a margin call, so he had no choice but to liquidate his position!
In the past few days, when the price of Bitcoin continued to skyrocket, he made a lot of money, earning millions from tens of thousands of dollars.
But today I went short again, and it went back to zero in one day. Not only did I lose all my profits, I also lost all my principal, and I was also responsible for tens of thousands.
At first, he was just testing the waters with a small position. Then as the price of Bitcoin continued to rise, the higher it went, he gradually became more bearish. The bigger it gets, so he keeps adding more money.
Because there has never been an intraday increase of more than 1.5 times and it can continue to rise. It will definitely fall back that day, and it may explode, and the probability of making money by opening a short position is greater.
As a result, today's Bitcoin price trend was completely beyond his cognition. To be precise, it was beyond everyone's cognition. He never expected that it could more than double within a day, and it was still based on a price of about 50 US dollars. More than doubled.
At this moment, both the long and short sides participating in the Bitcoin speculation are acting out the two heavens of ice and fire, and they are all numb.
If you open long, you will make money, if you open short, you will lose money.
If you open long, you will get rich overnight, if you open short, you will lose money overnight.
…
Two hours later, Qunxing Capital issued an announcement confirming Mark Kaples’ news, and Qunxing’s acquisition of the X trading platform was directly confirmed.
In the announcement, Stars Capital stated that the acquisition of the vulnerabilities and enhance the security and reliability of the platform.
As soon as the news came out, the price of Bitcoin plummeted -30% from its intraday high, quickly falling to the price of $118.
The news from Qunxing Capital was regarded as the fulfillment of expectations and large-scale shipments began.
However, the price stopped falling after falling to the price of 118 US dollars, and once again staged a more violent short squeeze, breaking through the intraday high again and continuing to rise amid shocks.
It rose all the way into the early morning. Today's closing price appeared and was locked at $207.76. The intraday increase reached +312.96%, which directly tripled during the day, creating a rare super positive line with bare head and bare feet.
Moreover, it was still rising after the early morning hours, with the price reaching the price of 237.13 US dollars. The new day's pricing increase also expanded to +14.13%. If calculated from yesterday's opening price, the cumulative increase has reached a height of +371.33%.
The Bitcoin community at home and abroad is excited.
[It’s going crazy, it’s going crazy! ]
[My threshold has been raised again and again by Bitcoin. ]
[The price was still $50 24 hours ago, but now it has reached $237. It’s really crazy. ]
[If you like a person, let him play Bitcoin, because he can make a fortune; if you hate a person, let him play Bitcoin, because he can make a fortune. ]
[what's the situation? Why is the forum full of lamentations? Didn’t it skyrocket today? ]
[It’s because of the skyrocketing that people are crying all over the place. They are all short-sellers. These corpses are all short-sellers... (face covering, jpg)]
[The short sellers’ heads were smashed, haha. ]
[Who would have thought that the price of Bitcoin could triple in one day based on the price of $50? ]
[Witnessing a feast of harvesting and being harvested, it’s so crazy! ]
[Did everyone lose money? Are they all short? Aren't you going long? Everyone lost money, who made the money? ]
[Hahaha, brothers, I’m going ashore. The price is about 50 US dollars, 50,000 US dollars, I opened a long position with 25 times leverage, and I got 4.37 million US dollars directly. Brothers, I withdrew, and I have already cashed out. I announced that I will go direct at the age of 27 Retire in place, haha! ]
[WTF? ]
[The money is so swollen. ]
[Earn 4.37 million dollars a day? That's more than 28 million soft girl coins, which means your wealth will be free. Damn it! ]
[This is the most profitable one I have seen in the currency circle forum so far, awesome! ]
[All the brothers’ money has been taken away by you! ]
[Really get rich overnight. ]
[Working for ten years is still a job, and once you live in a palace! ]
[Go, go, go, I'm going to lose all my money! ]
[Study is indeed a kind of wisdom... (face covering)]
[The Stud opens the leverage of 25 times again. It’s really a ruthless person. If you dive a little further, you don’t have to fall too much. It will explode directly on the spot. ]
[But if there is no if, people will ascend from the same place. ]
[Earning more than 28 million, I can indeed achieve wealth and freedom. ]
[Don't worry, he will come back. ]
…
(End of chapter)
