legendary trader

Chapter 960, 961 opens up room for growth

At around 9:7 p.m., the price of Bitcoin has fluctuated around [-] yuan for several hours. Although the market trading has shrunk sharply, due to the skyrocketing price of the currency, the number of players paying attention to the market has not decreased.

Of course, Chen Fan didn't know how many bitcoin enthusiasts were paying attention to the market price changes during this period, but the popularity of the currency circle forum in the past few hours can be roughly estimated.

Most Bitcoin enthusiasts hold some Bitcoins more or less in their hands, but the players who hold more coins are the earliest players. batch of bitcoins.

Later, after some people in the currency circle started trading bitcoins, some of them also resold a lot of coins in their hands, but more were hoarded in their hands.

Just look at the ups and downs of bitcoin prices, they still like to hang out in the currency forum and chat.

Now that the time has come, Chen Fan feels that it is time to make a move. Almost all the investors in the world are online at this time.

It's night in Huaguo, noon in Europe, and early morning in America. As for whether they are in front of the computer or not, well, I can't care so much.

"Warm up and start pulling up."

After Chen Fan saw the time in the lower right corner of the computer screen, he ordered Xie Chaoyang and the others to start working, and at the same time closed the webpage.

During the time after dinner, Chen Fan browsed all the news, news, finance, sports, and military channels, and now he is watching news from the entertainment channel.

Chen Fan didn't care about the entertainment news. He had heard some gossip from Che Xiaoya and Lin Qingyu before, but he didn't go to see them during this time. As he had time right now, Chen Fan also read it in the news. Look at the recent situation of these two women.

Although there were phone calls during this period, they did not meet face-to-face after all, and their recent photos were published in the news.

After Chen Fanrang started to warm up, Xie Chaoyang and the others instigated a slight upward trend in the price of Bitcoin, and then let the price of the currency rise to around 7.48 yuan and then began to fall slowly.

Everything looks exactly the same as the previous several upswings in the market, the only difference is that after the price of Bitcoin fell back to around 7.3 yuan.

Chen Fan didn't want the currency price to continue to fall or adjust. He felt that the timing should be almost there, so he planned to start a wave of rising prices directly.

"Pull it, pull the currency price to 7 and stabilize it, and then continue to attack."

After Chen Fan finished speaking, Xie Chaoyang and the others began to operate quickly, and one after another quickly entered the market, pushing up the price of the currency.

In the previous wave of warm-up market, Xie Chaoyang and Rao Yichen were relatively restrained in placing buy orders, and did not rush into the market quickly. After all, the trading volume shrank sharply after a long period of market consolidation.

They also only increased the trading speed a little bit, and it seems that there is not much difference from the previous few hours. The difference may be that there are more orders entering the market during this period.

But this time, their entry speed is obviously much faster than before, and it can be said that they have not covered up the traces of their operations.

In the currency circle forum, because the price of Bitcoin continues to rise, some players have speculated that the rise in the price of the currency should be deliberately operated by big players, and some people suspect that Global Exchange and its shareholders may also be deeply involved.

However, Global Exchange did not issue any response to such speculation. After all, it is not a platform, and the doubtful voices all come from the currency circle forum.

Chen Fan also suspected that the account that made these remarks might be related to the competitors of Universal Firm, so Chen Fan decisively asked Xie Chaoyang and the others to take action and post various posts on the forum to muddy the water.

The speech is nothing more than using the Mt website that has been launched for trading. Some posts directly question the identity of the posting moderators, and some posts directly refute their reasons. The most important thing is to talk about the Mt website.

Because the global exchange now accounts for nearly [-]% of the bitcoin market share, and most of the transactions made by players are completed in the global exchange, so the current bitcoin price of the global exchange has also become the one that still exists in other bitcoin exchanges and forums. The main reference index for over-the-counter transactions.

It can be said that the rise and fall of the global exchange's currency price also directly affects the price changes including the Mt trading website and other over-the-counter transactions.

If it is said that the price of Bitcoin is manipulated by the world, the price of the Mt trading website is difficult to explain.

The bitcoin quotes given by two completely different trading websites are very close, which only shows that they are relatively reasonable market prices.

As for the results of posting such posts, in fact, it can be imagined from the fact that these posts were deleted not long after, they were only spread in a small area, and the effect of the Mt website seems to be very effective.

In the current currency circle, in fact, most players don’t pay much attention to Bitcoin itself. Before, everyone was keen to discuss technology and blockchain. Now such pure technical posts are rare. Most of the posts are just complaints. How hard is it to mine and how much can the price of the currency go up?

Chen Fan also felt that if he continued to pretend to be a new player, it might really be self-defeating.

Capital controls the market. This concept is actually more deeply rooted in the hearts of Westerners.

No longer covering up, it doesn't mean that you won't do some deception.

The previous push up was actually a test to see the market's acceptance of the rise in currency prices.

The result is also very clear, whether the currency price is rising or peaking and falling, the market reaction is very slight, and the second wave of offensive can naturally be launched.

The rise this time was sharper than the previous wave, and the price of the currency was soon pushed up to around 7.5 yuan. After a slight shock here, it continued to push up the price of the currency along the rising speed of the second wave of offensive.

In a very short period of time, the price of Bitcoin broke the previous high and continued to rise.

At this time, every time a buy order is pushed up, the price of Bitcoin is refreshing the historical record. By this time, no one is actually interested in the so-called new high. They are more concerned about how long the rise in the price of the currency will last. , to what price can it rise to.

Soon, the currency price was pushed below 8 yuan, and the sell order of more than 8 bitcoins above the 2 yuan selling price was clearly visible.

This time, Chen Fan didn't mention the target position to raise. When they got here, Xie Chaoyang and Rao Yichen unconsciously slowed down their movements and looked at Chen Fan.

Chen Fan also keenly sensed the stagnation of the rising trend of the currency price. He tilted his head and glanced at them, then shook his head slightly and said, "Keep pulling, and release the post I prepared earlier."

Chen Fan said to Cai Han calmly, this is one of the methods agreed upon earlier.

Soon, the buying orders became urgent again, and thousands of consecutive buying orders began to sweep away the pressure on the selling price of 8 yuan.

By this time, the aroused sentiment in the market has begun to show signs of resurgence.

In the process of pushing up before, you can still see the buy orders following the trend. After sweeping a few price points every time, there will be many buy orders below. These are some new players and players with relatively light positions who are in a hurry. Entering the market to grab funds, only a very small number of people will choose to aim at the top selling two selling three priced foodies.

Most players who play Bitcoin do not understand the financial market. After seeing the price of the currency rise sharply, they still habitually place orders below and wait for the short sellers to hit the market.

At least, it is unnecessary for them to spend a few cents more.

But now that the currency price has reached 8 yuan, many people unconsciously think of the analysis they saw in the forum, as well as the echoed posts below.

The reasonable price of Bitcoin should be 1 meter yuan, which is less than 5 yuan in Chinese currency.

Now, Bitcoin has risen to 8 yuan unknowingly, far exceeding the psychological expectations of most players. If you buy it now, can it continue to rise in the future?
Just three trading days ago, last week to be precise, the price of Bitcoin was still more than 3 yuan.

But in the past three days, the currency price has continued to rise sharply, from more than 3 yuan to more than 5 yuan. After only one day of adjustment, the currency price broke through 6 yuan, and now it is approaching 8 yuan.

Everyone began to feel uncertain, no matter whether they agreed with the analysis of the posts in the forum or not, they couldn't stop thinking about it.

So now, when the price of Bitcoin hits here and the buy orders start to sweep the price of 8 yuan, there are very few new buy orders at the lower prices. Even players who want to buy Bitcoin are hesitant at this time.

However, such worries quickly dissipated after seeing the price of Bitcoin break through the 8 yuan mark, and then continue to rush past 8.1 yuan.

Yes, almost all players who paid attention to the price of Bitcoin at this time were still thinking about the price of the currency discussed in the forum, but after the price of Bitcoin on the global exchange broke their psychological expectations, everyone was still cautious at first.

However, when the currency price continued to rise without hesitation, the cautious attitude was completely resolved with the rise in the past few days.

Now the currency price has approached 8.2 yuan, which means that their discussion of the reasonable price of Bitcoin is completely wrong.

The market, or the capital's price positioning for Bitcoin is much higher than them.

Although I don’t know how high the price of Bitcoin will be pushed in the end, what is certain is that the price of the currency is not what they say, but is determined by the force that promotes the price of the currency.

Under the premise that the capital is optimistic about Bitcoin, it is possible for the price of the currency to rise by a few yuan or tens of yuan.

Sharp-eyed players have discovered that a senior account in a well-known forum in the currency circle has published a post that admits mistakes. This account is an early post that began to analyze the reasonable price of Bitcoin, and it is also a post that has been recognized and respected by most of the forum members. .

According to the analysis of the previous post, the reasonable price of Bitcoin should be 1 meter yuan. This is also the first post to price Bitcoin, so it has won the support of most players.

However, this latest post does admit that the previous judgment was wrong. The post even believes that there are already big capitals who are optimistic about Bitcoin, and at least there are powerful institutions or wealthy individuals who are optimistic about Bitcoin. Bitcoin is regarded as an excellent investment target, so the reasonable price of Bitcoin is actually beyond the control of players like them, but has the final say on funds.

And in the last paragraph of the post, it mentioned a point of view that made all the players think about it, that is, since the first person who eats crabs has appeared, will there be a second, third, or even more in the future? A lot of money is looking at the value of Bitcoin.

In fact, Chen Fan has always attached great importance to the guidance of the currency circle forum for bitcoin players. In fact, after the price of bitcoin exceeded 1 yuan, he had arranged for Xie Chaoyang and the others to start discussing the price of bitcoin in the currency circle forum. .

After all, in fact, everyone knows that Bitcoin is something that is not backed by any assets. It comes from a program setting, but it seems reasonable.

The reason behind the discussion of reasonable prices is to let everyone ignore the defect that Bitcoin is not backed by assets, and turn their attention to the price.

Then it is to break the reasonable price that most players think, so that the imagination of the market can be opened up, and the price of Bitcoin can rise even higher.

But now, after the currency price breaks through 8.2 yuan, no one has to worry about anything anymore.

Anyone who saw that post has already realized that Bitcoin has gradually changed from their previous plaything to a commoditized asset, and the price seems to be able to change up and down according to the requirements of capital.

At this time, more people think of the total amount of Bitcoin.

There are only 2100 million in total, not much more.

But now, less than 1 million have been produced. With the attention of existing funds, the price of Bitcoin can rise to 8 yuan. In the future, more people will know about it, and the funds brought in will also increase. What will the currency price be?

No one thinks that this thing is a virtual thing that can only exist on the Internet, but some people start to regard it as those trading varieties in the financial market.

The push up of the Bitcoin price this time continued until the currency price broke through 8.6 yuan before it began to retreat, and the currency price seemed to fall into a state of high volatility again.

There are more and more buy orders at the bottom. After peaking at 8.6 yuan, it pulled back to around 8.3 yuan and started a wave of recovery under the support of the bottom buy orders. Although the trend is not as strong as before, it is clearly shown during this rise The energy of the buy order far exceeds that of the sell order, that is, because there are more individual players who put in the buy order, the driving force of the currency price is not as strong as before.

In fact, the recovery this time was also deliberately done by Chen Fan.

The main buying order that rebounded at 8.3 yuan came from Xie Chaoyang, but the buying was suspended after the currency price broke through 8.5 yuan.

But the players are still tenacious in following suit, right? The currency price once again pushed past the intraday high, hitting a new high of 8.729 yuan.

But this was not enough. After the currency price fell back to around 8.7 yuan, Chen Fan asked them to continue to push up the currency price again.

The trump card has been used, it is impossible for Chen Fan to let the price of Bitcoin drop, he can only maintain it at a high level.

Especially in this time period, most bitcoin players are watching today's market online, which is about to end.

This time, after the price of the currency broke through 8.8 yuan, the price of the currency slowly fell under the pressure of selling orders.

"8 yuan and 5 yuan, it can't be lower, let me raise the low point, and today's closing price can't be lower than here."

When Chen Fan and Zheng Xiaopang got up and left the trading room, they gave instructions to Xie Chaoyang and the others.

Not much time until today's market close.

(End of this chapter)