my fintech empire.

Chapter 484 [Start smashing the disk]

Fang Hong saw the message under the latest news of his Weibo account, and it was also one word: happy.

The people who don’t know the truth still don’t know that the initiator of this epic Bitcoin market is God K.

The time came to May 5th, around 20 am local time in North America, the price of Bitcoin continued to rise again, and its price broke through the $9 mark for the first time, and the corresponding intraday increase reached +40%.

Just today, two major events happened in the currency circle, or two major good news.

Bitcoin launched two new trading platforms today, one is from China, the name is "BTCC", that is, "Bitcoin China", its headquarter is located in Shanghai, this is the first domestic Bitcoin trading platform.

At the same time, on the European side, the trading platform for the exchange of Bitcoin and the British pound was also launched.

Such a large-scale skyrocketing, the market value has pushed up to more than 8 million US dollars, and the daily trading volume has continued to soar, which has attracted many financial institutions and speculators.

The ideas of these financial institutions and speculators entering the market are actually explaining the fact that capital is greedy, but they are not against bubbles, and they must make full use of them.

You don’t need to understand the value of this virtual digital currency, and you don’t care how big the current bubble is. As long as there are a lot of people in the market, it’s not always a harvest, so you might as well go up and harvest it yourself. Bundle.

You just need to pay attention to what the current market is playing. No matter what it is, you don’t even need to understand why those things are worth so much money, but it doesn’t prevent you from speculating with the market, and there is no need to talk to others. There is no point in arguing with a blushing neck and a thick neck. As long as someone fires and someone picks up, then go up and do it.

As the eastern and western hemispheres announced the launch of two new bitcoin trading platforms at about the same time, stimulated by the news, the price of bitcoin exploded, and the launch of the new trading platform means that more participants will come in.

Its price directly increased from $40 to $52 per coin, which is also the highest price today, with an intraday increase of +44.84%. At the same time, the total market value of Bitcoin soared to a height of $10.92 billion.

The epic continuous short-squeeze market, in the past ten days, as long as you buy and hold long positions for more than one day, you will make a lot of money, never say the top, and make new highs every day, the sky is the end.

The players in the entire currency circle are completely crazy.

This epic price of Bitcoin has risen from the beginning of last month, that is, since the bottom price of 4 US dollars on April 4, to today's price of 0.6 US dollars. In less than two months, the cumulative increase has reached +52 %, that is, as much as 8566.66 times, 85 yuan can be turned into 10 million in less than two months.

For speculators, the dream of getting rich brought about by such an increase in Bitcoin can be called a fatal attraction.

Las Lohan Yates, a programmer in Florida, USA, bought a pizza coupon with 1 bitcoins in May last year. Therefore, if the first fair exchange rate generated is counted as the initial price of bitcoins, one bitcoin is equivalent to at $0.008.

Compared with the initial price of $52, the cumulative increase of Bitcoin in one year has reached +0.008%, which is a 649899.97 times increase.

The buddy who bought pizza with 1 bitcoins is also popular now. With today’s highest price of bitcoin at $52, the dollar value of 1 bitcoins is $52.

Bought a pizza coupon for $52, which is known as the most expensive pizza coupon in history.

Brother Pizza has also become a topic of discussion among players in the currency circle. They all said that at this time, Brother Pizza had secretly hammered the door in the toilet when he saw the price of Bitcoin, and his tears could be flushed down the toilet.

……

Xincheng, Jingxinju villa.

Fang Hong is watching the latest price trend of Bitcoin with his laptop. The current price is around $50. He has also noticed the launch of the BTCC trading platform in the Mainland, and he also knows the trading platform for the exchange between Bitcoin and British Pound. online.

After a while, Fang Hong picked up his mobile phone and called the person in charge of the trading team: "Start smashing the market."

There was an immediate response from the other end of the phone: "Understood."

Fang Hong didn't hang up the phone, he looked at the price chart of Bitcoin without saying a word.

From the perspective of limited emotions, Fang Hong doesn't really want players from the mainland to participate or participate less. If they have to participate, they will not comment.

As for foreign players in the currency circle, they don't even have limited emotions.

They are the ones who cut.

Someone has to pay the bill, otherwise how do you make money?

With the launch of BTCC, Fang Hong decided to give a good lesson to mainland players who want to participate in speculation. Before they decide to come in and speculate, let them witness how exciting Bitcoin is. Stop their speculation and dream of getting rich by gambling...

Come on.

Can make a fortune from God K. It's his pen.

In the current Bitcoin, Fang Hong is the absolute main force in it, and he has no opponents.

The so-called decentralization means that the centralization of many players in the currency circle is removed, and the centralization of God K is strengthened. He has the final say on how the price will go.

The total number of bitcoins is 2100 million, and more than half of them have been dug up so far, but a large part is in a "sleeping" state, that is, they can't be found, and I don't know where they are. Maybe someone forgot that they have bitcoins , or didn't find it when I remembered it, and I could only stare anxiously if I wanted to cash out.

And Fang Hong currently holds 315 million in secret, 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 to affect the price of bitcoins.

Unless mining continues to produce new bitcoins, the recent surge in the price of bitcoins has indeed pushed up the upsurge of mining. After all, nearly half of bitcoins have not been dug out.

……

But at this moment, after Fang Hong made a phone call, less than half a minute later, the price of Bitcoin began to dive vertically at a 50-degree angle, falling from $45 to $13.46 in one second. The highest point of the day fell by -25.34%, which was +[-]% higher than the opening price.

Many players in the currency circle saw the sudden sharp drop of Bitcoin and went to buy the bottom. What they thought was that they would sell it for arbitrage immediately after the withdrawal. Because of the T+0 trading mechanism, they can be sold immediately after buying.

This kind of sharp drop usually has a short-term reverse draw, and the amplitude of Bitcoin fluctuates hugely, and any reverse draw has five or six points.

Ran goose ...

It was only when the bottom-hunters in the currency circle entered that they realized the seriousness of the problem.

At this time, the trend of Bitcoin did not have any anti-twitch action at all, and directly dived further to the price of 40 US dollars in the next second, and the decline from the highest point of the day expanded to -23.07%, and the increase from the opening price narrowed to - 11.42% water level.

After the bulls who bought the bottom last second were buried, another group of bulls bravely bought the bottom.

……

(End of this chapter)