Volume 4 Crazy Growth 2017 Chapter 793 The Baton of the Market
For the ever-changing financial markets, there is a silent psychological game behind every market fluctuation. Therefore, routine operations such as watching the market and analyzing the market are undoubtedly the most basic of the basics.
As the stock market, a large-scale pay-to-win game, has evolved to date, most of the game rules have been fully improved. Not only does it fully take into account the enjoyment of pay-to-win players, but the protection mechanism for the "leeks" players is also quite in place.
As long as the cheap players don't get too carried away and try to challenge the big BOSS and become the fat man in one bite, they will not be easily harvested by the big BOSS's sickle.
This point can be said to be the same across the global stock markets. After all, the stock market, which symbolizes capital, knows to strictly abide by the two-day weekend so that players can take a breather. On the other hand...
Well, on the other hand, the virtual currency market has a 24-hour endless trading mechanism, without any limit on price fluctuations, and no protection measures such as supervision and emergency suspension.
If the stock market can be considered a "safe zone", then the virtual currency market is undoubtedly a "valley of evil" where people can PK freely, kill and rob, and it is even worse than that. After all, killing here is bloodless.
No matter whether you are a krypton gold player or a leek player, everyone is equal here, everything is determined by strength, and one careless move may lead to eternal damnation. This is a paradise for speculators, but also a hell.
Since taking over Dongsheng Group's overseas investment business according to Zhou Dongsheng's instructions, Lu Sifang has been meticulously implementing Zhou Dongsheng's investment strategies.
Naturally, a solid team was also formed. Given the special nature of Bitcoin, someone was needed to watch the market and keep records for a long time, so Lu Sifang even arranged for staff to work in three shifts.
Not only that, Lu Sifang also had a trick up his sleeve to prevent people from making big mistakes due to negligence, and he even used professional data detection software to issue early warnings, doing his best to ensure that nothing could go wrong within his capabilities.
Just now, both the people he arranged and the software sent notifications almost one after another. Obviously, the price fluctuation of Bitcoin has touched the warning line he set!
For this reason, Lu Sifang no longer cared about his irresistible happiness. He decisively left the nightclub, went outside, took a breath of the cold air, shivered involuntarily, and became a little more sober again.
He then quickly got into his car, booted up his laptop computer, and dialed the night shift operator. The call was connected in an instant.
Lu Sifang asked in a deep voice: "What is the situation now?"
"Mr. Lu, several major Bitcoin trading platforms have successively announced the news of charging transaction service fees, which has suddenly brought down market sentiment. The decline in Bitcoin's market value once touched the 5% warning line..." the voice on the other end of the phone said hurriedly.
Lu Sifang's heart sank. Ever since the market reached a consensus and formed a joint force to break through the 1,000 US dollar mark in one fell swoop, differences emerged again, and a tug-of-war ensued around the 1,000 US dollar threshold.
This wave of volatile market conditions has continued to this day, and patience and emotions have been constantly consumed, and market sentiment has become quite weak.
If you think about it, it is understandable that the major trading platforms charge transaction fees. After all, trading platforms are not charities and naturally need to rely on profits to survive.
Seeing that Bitcoin has broken through its historical high, they can no longer resist the urge to get a piece of the pie and make their long-planned statement public.
Although the stock market also has transaction fees, under the T+1 trading model, the fees that can be charged are quite limited.
But Bitcoin is completely different. It is a t+0 trading model with endless trading 24 hours a day. In other words, as long as you are willing, you can perform high-frequency operations in a short period of time and repeat the buying and selling operations.
In comparison, the commission income that the latter can bring is undoubtedly considerable. Even if it is only a fixed fee of 0.2%, it will accumulate over time and become no small sum.
However, maintaining the operation of the platform itself also requires costs, so it is understandable that the platform charges a handling fee, but it happens to be at this time when market sentiment is sensitive...
Regardless of whether it was intentional or accidental, it has become a fuse that has brought down market sentiment, especially since Bitcoin itself has precedents. The three-year period has expired, and who knows if the tragedy will happen again?
If an investor had entered the market at the highest point three years ago, if he had not chosen to cut his losses, he would have been punished for three whole years. It is only now that he can be considered to have successfully untied the market!
What does it feel like to buy at the highest point and be punished to stand for three years?
I can only say, you don’t understand, it’s very miserable!
What's more, investors who have such patience are rare. Most of them either choose to cut their losses or never see the day when they can get out of the predicament (funny).
Therefore, once the market sentiment collapsed, it was obviously not an easy task to repair this sentiment. Coupled with the stampede-like escape, panic continued to spread.
Fortunately, there are multiple layers of support on the market, so the market value does not plummet, but the ups and downs and the steady downward curve are still very conspicuous.
At this time, Lu Sifang had opened his trading account as quickly as possible. When he saw that part of his profits had evaporated out of thin air, Lu Sifang felt like his heart was bleeding.
Although his holding cost is quite low, with 619 US dollars in chips, he will not lose money at all.
Especially when the market value of Bitcoin exceeded 1,000 US dollars, his trading account had a floating profit of more than 600,000 US dollars. Even in the glamorous United States, this is already a huge sum of money.
However, before I knew it, my trading account had lost nearly $100,000 in profits.
Although such a small fluctuation in revenue would not even cause a splash in the company's account, after all, the floating profit on the books alone has exceeded tens of millions of US dollars, and 100,000 US dollars is not worth mentioning at all...
But, can your own money and the company’s money be the same?
Of course, even though his heart was bleeding, such a small fluctuation would not affect Lu Sifang's judgment. After coming to his senses, Lu Sifang couldn't help but secretly feel lucky.
Fortunately, he listened to the advice and followed his boss's instructions and did not choose to leverage on impulse. Otherwise, this fluctuation would be enough to cause his position to go bankrupt directly, and even his principal might be completely lost!
Heaven and hell are often just a thought away.
After assessing the situation, Lu Sifang calculated the time difference and estimated that it was afternoon in China, so Lu Sifang chose to make an overseas call.
At this time, Zhou Dongsheng had already returned home to take a break, looking forward to the New Year. When he saw that it was Lu Sifang calling, he didn't think much about it.
After the call was connected, Zhou Dongsheng was in a good mood, so he smiled and said, "Old Lu, you've worked so hard this year that you couldn't even go home for the New Year..."
"It is my honor to be able to serve the chairman. Others would be eager to have such an opportunity..." Lu Sifang said with a smile.
"Why? Are you calling to wish me a happy new year?" After a few pleasantries, Zhou Dongsheng asked with a smile.
"Of course I have that intention, but it's mainly about the recent fluctuations in the Bitcoin market. I want to report to the chairman..." Lu Sifang changed the subject.
After getting Zhou Dongsheng's response, Lu Sifang briefly explained the whole story.
"Oh? So, doesn't that mean a lot of people are selling?" Zhou Dongsheng was shocked when he heard that. Some people only saw danger in the so-called crisis, but Zhou Dongsheng saw opportunities.
Cheap chips worth a few hundred US dollars, whether it is six hundred US dollars, nine hundred US dollars, or even thousands of US dollars, make no essential difference to Zhou Dongsheng, they are all "picking up a bargain".
It's just the difference between earning a little more or a little less.
“That’s right. After all, many people are worried that Bitcoin will repeat the same mistakes and fall into a slump like it did three years ago…” Lu Sifang said with a smile.
“I still say that I am optimistic about the safe-haven property of Bitcoin at least in the next year, and in my opinion, this wave of market still does not shake this important value…”
"And I have reason to believe that there are many investors who share the same idea as me. Now they are just looking for an excuse to clear out some retail investors..."
"And the fact that several major platforms chose to release this news almost simultaneously at this time is somewhat odd. Perhaps the platforms are also taking this opportunity to sell off the market..."
Zhou Dongsheng was talking nonsense with his eyes open. After all, what he said had basically no basis at all. Isn't this just nonsense?
However, if we look at the present from the perspective of the future and analyze it from the perspective of interests, we can always come to a similar conclusion.
As for what the real truth is, it is actually an insignificant matter. After all, it all comes down to the word "profit".
As long as there is profit to be made, the market cannot vanish in an instant.
Although the objective laws of history tell us that from the initial tulip bubble all the way to the subsequent subprime mortgage crisis.
The carrier of chips has been changing, but the nature of speculation has not changed much. Pure speculative behavior does not create wealth, but only transfers wealth.
Since it is a bubble, it is destined to burst. Therefore, in this baton game, someone will inevitably be the fool who takes the last baton.
However, driven by the mentality of taking chances, every participant would not think that he would become the fool.
If the Bitcoin market is viewed as a long-distance race, then the Bitcoin relay game has obviously just begun.
Although Zhou Dongsheng knew that he was lying with his eyes open, it suddenly became clear to Lu Sifang, especially the statement that the platform might also take sides, which immediately woke Lu Sifang up.
After all, in the traditional financial market, platforms generally play the role of referees and are unlikely to easily get involved in conflicts of interest. Lu Sifang, who has many years of experience in the industry, naturally subconsciously accepts this.
However, in the Bitcoin market, this is obviously not true. The so-called trading platform does not play the role of an NPC representing the system in this game, but is just a businessman played by the players!
Since they are all players, if the platform goes bearish, it can not only collect handling fees, but also complete a wave of high-selling and low-buying operations. It can be said to kill two birds with one stone. Why not do it?
In an instant, Lu Sifang suddenly had a sense of seeing the light after the clouds had parted. In his heart, he admired Zhou Dongsheng even more. It turned out that his boss's vision was as sharp as ever!
"I understand, Chairman. If that's the case, we can also follow the trend and do a T according to market sentiment, using the price difference to further lower our holding costs and take advantage of the opportunity to absorb funds..."
Lu Sifang's thoughts suddenly became clear, and he began to draw inferences from his experience.
Although he didn't know what Lu Sifang understood, Zhou Dongsheng still nodded with satisfaction, "That's good, I'll do as you say. Don't miss such a good opportunity to grab shares, otherwise... "
"Otherwise I'll come to you with my head!" Lu Sifang said confidently, as excited as if he had been injected with chicken blood .
"Hehe, that's not the case..." Zhou Dongsheng said with a helpless look, and after saying a few words, Lu Sifang hung up the phone.
After the conversation, Lu Sifang couldn't help but feel energetic and no longer sleepy. He turned the steering wheel and drove towards the company's base, while dialing the phone of his subordinates.
"I'm coming to the company now, just follow my instructions..."
There is already a ray of dawn in the distant sky. The darkness before dawn has faded away. Can the rising sun be far behind?
…
On Zhou Dongsheng's side, after hanging up the phone, he pulled his thoughts back to his senses and calmly fiddled with the tea set. At this moment, his old mother just walked in from outside, looking exhausted.
Ever since Zhou Dongsheng handed over the family business to his old mother, Ms. Liu Huaiying has been rejuvenated and her spirit is completely different from beginning to end.
Zhou Dongsheng was naturally happy to hear this, and as the year was coming to an end, the factory had naturally been closed for holiday, and Ms. Liu Huaiying happened to have nothing to do.
She even had her hair permed into fashionable wavy curls, and she looks at least ten years younger.
"How about it, Dongsheng, does your mother's hairstyle look good?" As soon as he got home, Liu Huaiying touched his hair and said with great satisfaction.
"It looks good. If we go and dance in the square, we will surely charm those uncles..." Zhou Dongsheng joked cheerfully.
"You've only earned a few dollars, and you dare to make fun of your mother, right? How disrespectful..." Although she said this, the smile on her face still couldn't hide the old mother's relief.
Although he had no idea about his son's achievements, the title of a billionaire alone was enough to explain everything.
The most important thing is, since her son became successful, she, as an old mother, has benefited a lot from it. Not only is she surrounded by good people, but even the leaders of the town come to her to ask about her well-being.
Ms. Liu Huaiying, who has seen the fickleness of the world and is already at the age of knowing her destiny, has no reason to be unhappy. She naturally knows that everything is due to her son.
"How dare I? No matter how much money I make, my son is still my son. He can never become my father. What's more, my son is capable. This will bring honor to you..."
Zhou Dongsheng paused, then continued to strike while the iron was hot.
"Oh, Mom, I have one more thing to tell you. I'm going to donate some money to the town in your name, whether it's to build roads, parks, or a nursing home..."
As a human being, you can never forget where your roots are.
