legendary trader

Chapter 967 968 ​​Smash Mt
"How much did it drop?"

Seeing that the price of the coin was depressed by 30 yuan, Chen Fan turned his head and asked Xie Chaoyang.

"More than 30."

Xie Chaoyang quickly gave an answer.

Hearing this answer, Chen Fan frowned slightly. At the moment, the transaction volume of bitcoins is close to 90, and more than 30 is actually quite a lot, but it still hasn't achieved his desired goal.

In Chen Fan's plan, 50 will be sold today, and more than 1 million will be sold in the next few days, which means that 2 million can be sold. But from the current situation, it seems that a bit difficult.

Throw away the 2 million bitcoins, not all, but most of them.

The bottom position of Bitcoin they left in the end was only about 80, and of course it will continue to grow in the future, which is reserved for future price control.

"Don't keep pressing, keep shipping around 30 yuan, and continue to fluctuate at 30 yuan tomorrow."

After a half-day increase, the price of Bitcoin reached a peak of 31.9 yuan today. During the entire increase process, they continued to pull and sell, and the first half was still good.

However, after the price of the currency broke through 31 yuan, the selling orders for exiting the market increased. After the price of the currency can only be recovered, the smoothness of shipments began to have problems, because the purchase orders for continuing to enter the market have shrunk rapidly, and it is no longer easy to ship. .

Even Chen Fan guessed that even if the price of the currency is to be stabilized at more than 30 yuan, it may be possible to do so only by passively eating some bitcoins.

Will he do it?

of course not.

The currency price of 30 yuan must be outrageously high. Of course, Chen Fan will not take chips here, even if they take back the chips they threw out.

Unless he continues to drive up the price of the currency crazily, such as pushing the price of Bitcoin to 50 yuan or even higher, then he can still spend money to stabilize the price here.

Because the bitcoins eaten here can be sold at a higher price.

But does he have this in mind?

of course not.

The purpose of Chen Fan's manipulation of the market is actually very simple, mainly to recover a batch of funds.

Although he can mobilize a lot of money, but the Bitcoin project is not his personal, so naturally he can't use his own money to fill it when he is short of money.

Most of the funds raised by operating the project at the beginning and the funds that were urgently pursued to control the market have already been consumed in the process of pushing up the currency price all the way.

Every time the price of the currency is pushed up, more or less they will eat a part of Bitcoin. Although they are also selling at a high level during the process of raising the price, in many cases it is their own sell order and buy order that are reversed, but after pulling up, follow up The buy orders in the market are often less than the sell orders above, and this part of the difference can only be eaten by them.

This is also a matter of no choice. If this batch of chips is not eaten, the price of the currency will not go up.

In fact, Xie Chaoyang and the others have also mentioned it before. To raise the price of Bitcoin, it does not mean that there will be a certain increase in the number of positions. The main reason is that the process of raising the price is relatively monotonous. Out of this batch of chips.

After pushing all the way up in this way, the accumulated bitcoins have naturally increased a lot, and it has also taken up a lot of funds.

But regarding this point, Chen Fan and Zheng Xiaopang have nothing to worry about.

You know, even if there is really no cash in their accounts, it is absolutely impossible for other investors to ask for credit, but it seems that this is not an unsolvable problem when they arrive at their home.

At present, exchanges and they can actually be considered as inseparable from each other, which is why they don't care about the shortage of funds.

Even if the funds in the account are negative, it is not a big deal, only a few people know about it.

Unless a large number of customers withdraw cash, the exchange will have insufficient funds at that time.

But when it comes to this time, they urgently allocate funds to come over and balance the accounts, and it's not a lot of money.

But it has been pushed all the way to the present, and it is true that there is not much remaining funds, and we must start shipping today.

Afterwards, the price of the currency fluctuated around 30 yuan. When the price of the currency was close to or exceeded 30 yuan, the sell order would increase, and when it was lower than 30 yuan, the buy order would gradually enter the market to protect the market, and the price of Bitcoin fell into a short-term adjustment market.

In the last hour or so, the market's trading volume began to shrink again, because the volatility of the currency price decreased.

The decrease in trading volume is certainly something Chen Fan does not want to see, which means that they have less room to operate, but there is no way, Chen Fan dare not let people push up the currency price again.

The main reason why the currency price fluctuates around 30 yuan is because after a few rounds of support, Chen Fan discovered that every time the currency price exceeded 30 yuan, the off-market sell orders would increase rapidly, and many players seemed to be Think of 30 yuan as a target price that can be shipped.

Since there are selling orders coming out, Chen Fan is naturally unwilling to go up to take orders, at least not today.

In the next few days, because the main task was to ship and ship again, Chen Fan's attention to Bitcoin also gradually decreased.

It's not because he thinks it's not difficult to get out of Bitcoin, or he doesn't like to see the price of the currency drop. The main reason is that he is used to it, and the purpose is explained, and the rest will be done by the traders themselves.

In the stage of price rise, for traders, of course, it is to use the minimum cost to pull the price to the ideal target price, while ensuring the stability of the market.

In the process of price decline, if it is the result of the main force's operation, it is generally that they are choosing to ship, or they can lower the price to wash the market.

The purpose of shipping, of course, is to release chips at a high position as much as possible and sell at a higher price under the premise of maintaining a stable market.

Chen Fan didn't intervene too much in the shipment of bitcoins, because Xie Chaoyang and the others have been operating bitcoins for a long time, and they may be more sensitive to the market. Moreover, their operations are not bad, and there are no mistakes, so he Only then can I hand over the work with confidence.

Now at this time, he has become more and more accustomed to the mode of letting him make plans and let traders execute the plans, otherwise why raise so many people.

Although things have been arranged, Chen Fan still has to come to the resort every day, but he spends most of his time in the stock trading room. The stock price of Maojian shares has also continued to rise these days, approaching The 70 yuan mark is over.

Chen Fan just went to the Bitcoin trading room to check the situation every afternoon before leaving. Although he left the operation to others, he still had to master the relevant transaction data and plan follow-up plans based on these data.

"It seems that the market has become unstable."

On Friday, after the Shanghai stock market ended a week of trading, Chen Fan did not leave the resort to go home after simply understanding the data as in the previous two days, but stayed in the trading room frowning and watching the bitcoin market.

Obviously, he was not very satisfied with the two-day transaction.

In Tuesday’s sell-off, after the final settlement, it was found that they did not complete the sell-off target of 50, and only sold 37.

On Wednesday and Thursday, the currency price fluctuated back and forth between 25 yuan and 31.5 yuan. In the two days, 63 and 92 yuan were sold respectively, but the actual shipment results were only 54 yuan, which is three days. They only sold 91 bitcoins were raised.

Although the shipment price of this batch of bitcoins was not bad, the quantity did not reach the figure Chen Fan wanted.

The most important thing is that on Wednesday, the market fluctuated from 29 yuan to 31 yuan throughout the day, while on Thursday, the currency price fluctuated in the range of 25 yuan. It can also be seen that the market is already a little unstable .

But fortunately, the currency price was stubbornly pulled up from around 25 yuan at the end of Thursday, and finally closed at 28.97 yuan, a slight drop of 2.3% on the day.

But now, the currency price is really a bit unmaintainable, let alone shipping at this time, it is difficult to maintain the price now.

It should be said that although Chen Fan's psychological expectations were not met in the past two days, it was so-so and passable. However, from today to now, for most of the day, the market trend has been sluggish, and it has been extremely difficult to ship goods.

When the market is stable, shipments will be easier.

The market is unstable, and other investors are also scrambling to sell their chips. Naturally, the situation he sees now will appear.

"Many of the current players in the market are actually rookies who have just entered the market. Their common characteristic is obvious, that is, chasing ups and downs."

At this time, Rao Yichen answered Chen Fan's words, "When the market was rising, their mentality of holding currency was quite stable, but the currency price did not rise on Wednesday and Thursday. Although we carefully controlled the decline of the currency price, but It is also difficult for them to bear, so..."

"You mean, the mentality of those people in the market may have collapsed?"

Chen Fan was very dissatisfied with the fact that only tens of thousands of bitcoins were paid out in half a day today, so he immediately asked.

Today, the price of the currency has fluctuated and declined since the opening of the market at 28 yuan. Even in the afternoon, when the market is traditionally strong, Chen Fan sat here for a long time, but he didn't see many buy orders actively entering the market.

"It may not be enough to say that it collapsed, but it may already be extremely fragile."

Rao Yichen said hastily.

"The reason why they are still maintaining their confidence is actually the washing up last week. After the upsurge ended, they adjusted for two days. The reason why the currency price continued to weaken today and did not collapse may be that they are still waiting for the currency price to be pulled suddenly in the market outlook. Get up."

Xie Chaoyang suddenly spoke at this time.

"What do you mean, the main reason why the market was stable in the first two days was that they thought it was just a washing up, like last weekend's washing up. If the market doesn't improve today, then tomorrow at the latest, the market's selling orders will increase significantly?"

Chen Fan understood what Xie Chaoyang meant. He seemed to have mentioned this once yesterday, so he also proposed to raise the price a bit, but Chen Fan definitely rejected it.

The reason why Chen Fan is unwilling to continue to push up the price of the currency is of course not because he is worried that the pressure from the top will not be able to push it up. The main reason is that the Bitcoin market is a niche market after all. The current player base is not too large, which means that the foundation is not solid .

If you operate Bitcoin as other trading varieties now, it is very likely that you will become the person standing on the top of the mountain tragically in the end.

Despite attracting many people to participate through domestic websites and newspapers in Europe, he who can see the background data of Universal Exchange still knows very well that the number of transactions of most registered players is very pitiful.

Indeed, many people were attracted at the beginning, but the popularity came and went quickly. Many people quickly lost interest in Bitcoin after investing a little pocket money in it. These accounts There will be no follow-up transactions.

It is also because there are so few players who are truly passionate about Bitcoin that Chen Fan dare not drive up the price of the currency crazily.

In his plan, the current Bitcoin is still in a growth period, and it is almost enough to operate a wave of market prices every year. This depends on the test market before each launch. There must be enough active accounts to operate. .

Therefore, at this moment, what Chen Fan thinks is definitely not to continue to control the price rise, but to toss coins and leave the market in time, so that there will be time to re-accumulate at a low level later.

The current situation is that it seems a bit difficult to sell 20 million bitcoins above 2 yuan and cash out tens of millions of bitcoins as planned before.

"Such a unilateral shock and decline is not enough. We must first stabilize the market and then dive into the shipment."

Chen Fan still intends to intervene in Xie Chaoyang's operations. Now they are all operating for the purpose of controlling their positions in order to reduce their positions, so the currency price trend is very ugly.

"In a while, you organize several waves of upside market, and implement diving around 9 o'clock. The decline of the currency price is controlled around 20 yuan, but the closing price must be around 25 yuan."

What Chen Fan said made Zheng Xiaopang, Xie Chaoyang and others very surprised. Chen Fan actually asked them to lower the price.

"The previous plan for shipments above 20 yuan may be too optimistic, and the plan must be changed."

Chen Fan stared at the computer screen and continued: "What you said earlier is correct, there may be a bigger sell order in the market tomorrow, and the current players probably haven't fully understood it, and they should still have a little fantasy, that is our It’s just dishwashing, so I can only take this opportunity to sell as much coins as possible to keep the price down.”

"What do you mean by diving?"

Zheng Xiaopang asked suddenly.

"Around 9 o'clock, I hope that some American guys will come in and take the offer."

Speaking of this, Chen Fan said to Xie Chaoyang: "Those accounts created on the Mt website before will also be shipped tonight, and the diving time will be a little earlier for me, let's let the two markets link up tonight.

In the past, the Mt website followed the rise, but this time, the Mt side led the decline. Later, you posted a post in the forum, saying that the Mt website led to the collapse of the entire market.

I mean, do you get it? "

After Chen Fan finished speaking, he asked Xie Chaoyang.

"I understand. Now that the price of the currency is stable, I will smash the market on the Mt website at night, making them the scapegoat for this market drop."

"Hey, I didn't expect you to be so bad, smashing Mt's plate, and putting shit on other people's heads."

Zheng Xiaopang was really surprised by this plan proposed by Chen Fan.

Two months ago, Chen Fan asked Xie Chaoyang and the others to register an account on Mt, and bought a batch of bitcoins. At that time, Chen Fan bluntly said that it was for backup.

Now this batch of bitcoins has earned N times, but it was almost forgotten by Zheng Xiaopang, and he didn't expect to be thrown out by Chen Fan at this time.

(End of this chapter)