my fintech empire.

Chapter 486 [Sudden loss and sudden wealth staged at the same time]

The next day, February 5th.

In the gymnasium of Jingxinju, Tian Jiayi, who was doing stretching exercises, stopped. She looked at Fang Hong, who was also exercising here, and said: "The flash crash of Bitcoin yesterday attracted the attention and reports of many financial media. There are foreign ones, and there are relatively many foreign media.”

Fang Hong said: "What's wrong?"

Tian Jiayi turned his head to look at him: "Many media are questioning the recent skyrocketing and plummeting of Bitcoin and its obvious man-made manipulation. After the hype, the low tide will definitely leave a mess..."

Hearing this, Fang Hong smiled and said, "Le. Even a leek knows that man-made manipulation is obvious, so they need to analyze it? Which of the participants doesn't know this? They are willing to enter the game after knowing it. There is nothing to say."

Tian Jiayi said: "If the digital currency is really promising in the future, let them know about it now, and see that you have made a lot of money. Now those who sell flying or lose money can't take all their grievances on you? "

Fang Hong asked back: "Why do you want them to know?"

Uh……

A look of bewilderment appeared on the beautiful assistant's face, and she was speechless for a moment. After a while, she tried to retort: ​​"You now hold 15% of the total chips, and you have to withdraw and cash out in the future, right? Suddenly there are so many If you earn so much wealth, you can't hide it, right?"

Fang Hong immediately said: "Isn't it okay to buy it back in a few years? Who stipulates that I am not allowed to buy it if I sold it before? Or do I have to announce the position information to the outside world after buying it? Who stipulated it? Don't you think it depends on my mood?"

Uh……

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 earning blood 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 it again Slowly buy it back and keep it for a long time, why?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, weigh whether he is a sickle or a leek, maybe he is afraid and won't come."

Speaking of this, Fang Hong paused for a moment and continued to smile, and added: "It's still the same sentence, whoever cuts it is cut, why don't you go up and cut it, I can get a lot of money if I cut it To do education and student aid, if you are cut off by others, you will be kicked in your trouser pocket."

Hearing this, Tian Jiayi chuckled a few times, looked at him and said, "You guys will find reasons for yourself to make yourself feel at ease."

Fang Hong spread his hands and shrugged.

……

In the early hours of May 5, Bitcoin stepped out of a new daily K-line, and after the previous daily K-line closed at $22, it continued to attack today until it reached $27.5, an intraday increase of +32.7 % water level.

However, it began to plunge again, and the lowest price of the day fell to 17.3 US dollars, a drop of -37.09% compared with the opening price, and -47.09% compared with the highest point of the day, and finally closed at 20.3 US dollars. It fell -23.40% on the day, and the amplitude reached 55.98% throughout the day, and the market value of Bitcoin also shrank by $4.26 million.

……

On May 5, the trend of Bitcoin opened up to $23, an increase of +23.3%, and then staged another tragic drop comparable to the day before yesterday.

It once fell to the price of 2.9 US dollars in the intraday, and directly broke through the low of 3.6 US dollars the day before yesterday to create a recent new low, which was -85.71% lower than the opening price and -87.55% lower than the highest price in the day. The maximum amplitude reached a terrifying 100.49%, and it was another amplitude that broke through [-]%.

However, everyone has seen how terrifying the price fluctuations of Bitcoin are. Big A stockholders saw it and suddenly felt that the sky is the same, but the loss is only 20 points, and it may only be a second or two in Bitcoin. matter.

With such extremely violent price fluctuations, some people are crying out for blood loss, and some people are exclaiming for blood profit. However, there is a new voice today, that is, a group of players in the currency circle have begun to call on trading platforms to quickly provide Bitcoin short-selling tools as soon as possible. .

Moreover, the number of groups with such voices is increasing.

Obviously, players in the currency circle feel that it is not enough. They think that the current trading mechanism of Bitcoin is not perfect enough. At present, they can only do more, because the earliest trading platform has only been online for a year, and there is no short selling tool yet. Players in the currency circle You can only make money by doing more.

Players in the currency circle saw the terrifying price fluctuations of Bitcoin, and they thought that they hoped to make money by shorting. Seeing the price fluctuations within the day, they would explode by [-] or [-] percentage points at every turn, but they could not sell short. [-] million.

As the price of Bitcoin fell to 2.9 US dollars, the subsequent trend confirmed that this was the lowest point today, because after the explosion, it began to explode again, the trend of the real big V Tianlong.

Finally, before the close of the day, the price of Bitcoin was locked at $18.3, and it rose from the lowest point of $2.9. This period of increase reached +531%, such an intraday increase.

Overnight sudden loss and overnight riches are simultaneously staged in the virtual currency trading market of Bitcoin, which constantly stimulates and raises the threshold of players in the currency circle.

If there are risk fluctuations in the capital market that despise the chain, those who speculate in stocks despise those who play funds, those who speculate in futures despise those who speculate in stocks, and those who speculate in options despise those who speculate in futures, then those who speculate in Bitcoin despise all the above.

The intraday price fluctuation of Bitcoin can kill more than 90% at every turn, and the intraday increase can be 5 times or even 7 times. If the leverage is the same as that of speculation and futures, the last 50 times leverage can be used when you are bored. The position is instantly liquidated, and when the blood is earned, it can earn hundreds of times a day.

In the next four days, the price trend of Bitcoin began to fall sharply every day after a sharp rise. After peaking at $52, it fell for seven consecutive days, and the amplitude of each day fluctuated by more than 50%.

On May 5, Bitcoin fell -24%, closing at $33.33, with an intraday swing of 12.2%;

On May 5, Bitcoin fell -25%, closing at $6.56, with an intraday swing of 11.4%;

On May 5, Bitcoin fell -26%, closing at $17.54, with an intraday swing of 9.4%;

On May 5, Bitcoin plummeted -27%, closing at $50.00, with an intraday amplitude of 4.7%. On this day, it reached the lowest price of $87.18 in the day, and then hit a new low in the near future.

The trading volume of Bitcoin in the past few days has been as low as 3000 million U.S. dollars and as high as 5700 million U.S. dollars. Compared with the daily trading volume of less than 100 million U.S. dollars last month, the liquidity has skyrocketed dozens of times.

As more and more players in the currency circle continue to call on the platform to launch short-selling tools, several existing major trading platforms have begun to work overtime to design short-selling tools.

It can be said that it did what it wanted.

As far as the trading platform is concerned, one more derivative instrument is one more channel to make money. Anyway, the platform fee is guaranteed to make a profit.

It's a bastard to have money but not make money.

The current trading volume is also very impressive. Although most of the data are made by Fang Hong's traders, is it important?

Swiping data is also data, and it also has costs. As long as a transaction is generated, there will be transaction costs. The greater the transaction volume, the more profitable the trading platform will be.

……

(End of this chapter)