Volume 4 Crazy Growth 2017 Chapter 805: Our Role Model
Originally, if Zhou Dongsheng had not intervened in advance, the entire Bitcoin market should have been on a slow bull market trend, quietly accumulating strength while also attracting more players to join.
After all, if there is not enough trading volume to support it, the entire trading quotation will always fluctuate around the 100 million US dollars level, and the sentiment and carrying capacity of the entire market will undoubtedly be very weak.
Once there is a slight disturbance in the outside world, or someone sells a large amount of goods, the entire market may not be able to cope with it, and the sentiment of the entire market will collapse in an instant.
To avoid this, it naturally requires the joint efforts of multiple parties to build a strong consensus. As long as there is a strong consensus to support market sentiment, the price fluctuations will be nothing more than "normal market fluctuations."
Even though virtual currency is just a string of data codes, it has been able to rise from being worthless at the beginning to its current level. From a certain level, market consensus has already been initially formed.
Obviously, more and more people believe that this string of data code is valuable, and belief itself is a power.
The announcement jointly issued by several major exchanges previously seemed to be intended to curb speculation and prevent drastic price fluctuations, thereby charging handling fees to reduce the possibility of high-frequency operations, and by the way, they could also make profits from it.
However, this announcement, to a certain extent, can be regarded as an insurance for the value of Bitcoin, giving retail investors a certain degree of confidence that the value of Bitcoin will not evaporate as easily as a child's play.
In this case, this wave of Bitcoin market is like a car that has just hit the road, moving slowly and powerfully.
However, Zhou Dongsheng's crazy shopping behavior undoubtedly stepped on the accelerator of the car, allowing all the passengers in the car to experience a refreshing feeling of being pushed back!
After all, a large number of chips circulating in the market have been swept away, which means that all obstacles on the road ahead have been completely cleared. All you have to do is step on the accelerator and accelerate to the limit.
In particular, Zhou Dongsheng already has more than 500,000 chips in his hands, which is only a little more than 2% of the total number of 21 million chips.
However, compared with the entire market, it is undoubtedly enough to become a variable that influences the market, and it can be said that a single move affects the entire market.
Although none of the passengers in this car know each other, it is certain that there must be hidden dragons and crouching tigers among them, and there are many organizations that want to make a fortune quietly.
The chips in their hands undoubtedly account for the bulk of the entire market. When the liquidity of chips in the market shrinks, institutions are certainly not fools and will naturally realize that someone is constantly buying up stocks.
When they realized this, this group of shrewd old foxes could easily reach a consensus even if they had never met each other before, which was to seize the opportunity and raise the price!
Over the next few days, the entire Bitcoin market was in turmoil, with the average daily trading volume continuing to break new records. On that day, it reached a new high of US$1 billion in average daily trading volume, and the next day it broke through US$1.3 billion!
With the influx of a large amount of funds, the entire market continued to expand, and the value of Bitcoin as a chip naturally rose accordingly, and the market began to fluctuate wildly.
Even with the restrictions on transaction fees, this market, which allows for 24-hour non-discriminatory trading, is still as operational as the U.S. stock market.
The T+0 trading model, in particular, has attracted some players who like risks and prefer technical play. The daily price difference of hundreds of US dollars, in particular, makes them feel that their abilities have finally been put to good use.
If you have a trading technique as precise as a scalpel and focus on short-term operations, you can make a lot of profits just by earning the difference.
A mature market is naturally composed of various investors, just like a mature game, there will inevitably be players who like PK and consume a lot of resources, while players who prefer leisure are responsible for resource output...
Only when everyone gets what they want can the game continue to operate for a long time, and this is the case for most games.
At the same time, while attracting the attention of investors from all walks of life, a large number of retail investors are also spreading the news. This word-of-mouth effect has undoubtedly laid a solid mass foundation for Bitcoin.
Moreover, the ever-increasing market value of Bitcoin, like the blossoming sesame seeds, will undoubtedly greatly stimulate the psychology of the general public. Under the temptation of a daily increase of hundreds of US dollars, few people can remain rational.
It's like your friend just introduced you to a new gadget, and you were thinking about waiting and watching, but the next day the price increased by 100 US dollars, and the day after that it increased by another 100 US dollars...
All in all, not only did you lose $200 in profit, but the most important thing was that you had to watch your friends making a fortune. That feeling is undoubtedly more painful than losing money yourself!
People are afraid that their brothers are having a hard life, but they are also afraid that their brothers are driving a Land Rover. This is human nature.
Therefore, in this situation, there is no rationality at all. Naturally, people will rush into the market without stopping. If they are slow for one day, they will lose money for one day. No one can resist such temptation, right?
Of course, even if the market makers have reached a tacit consensus, the overall increase in market value naturally cannot present a straight-line increase, which goes against common sense.
After all, the reason why retail investors are called retail investors is that they are numerous, but they are like a pile of loose sand. They can only play when the wind is in their favor, but once the wind direction changes, they will run faster than anyone else.
Especially in the face of this volatile virtual currency market, although its size cannot be compared with the stock market, the lack of a " newbie protection mechanism" is quite unfriendly to retail investors.
The price drops as soon as you buy, and the price rises as soon as you sell. This common drama in the stock market will be played out at an extremely high frequency in the virtual currency market, making it even easier for irrational retail investors to lose their minds.
In the market, there are always people who make money and people who lose money. When retail investors lose money, the market makers will naturally make money. This situation is undoubtedly a drama that the market makers like to see.
Even if the battlefield has changed, the essence remains the same. There are always only a very small number of people who can remain steadfast and hold the chips firmly in their hands, while most of them play the role of fence-sitters.
For the dealer, all he needs to do is repeat the action of transferring money from his left hand to his right hand, and he will be able to complete the harvest without any pressure.
Although the market always maintains a trend of high-frequency fluctuations, the steadily increasing market value and the rising market trading volume over the past few days have silently explained everything.
The market value of Bitcoin is creating new history every day! On the first day, it just broke through 1,500 US dollars, and on the second day it rushed to 1,600 US dollars, then began to fall back, and then rushed up again...
This process is often repeated. Although the routine is simple and crude, it is effective. Even if it is not so easy to implement in practice, it does not prevent the market value of Bitcoin from rising.
Although it seems to have ups and downs, it is actually steadily improving. Not only did it reach a new historical high of 1,700 US dollars, it also once reached 1,800 US dollars, and then quickly fell back, diving straight back to more than 1,600 US dollars.
It’s all about the heartbeat!
For the dealers who hold a large number of low-priced chips, this kind of ups and downs in trading is an operation that is beneficial to them with no harm.
You will make money anyway, the only difference is how much you make. Therefore, there is naturally no pressure to violently push up the price on one side and then violently dump the price on the other side.
During this period, Lu Sifang also came to his senses and realized the intentions of various institutions. As the saying goes, if you can't beat them, join them. With 500,000 chips in hand, it is enough for him to sit at the table and compete with various princes.
After all, Lu Sifang is also a senior practitioner. He is someone who has truly eaten pork and seen pigs run. Maybe he can't be among the top players, but no matter what, he is not an ordinary person.
If you can't lead the charge, can't you just follow the trend? If you can't eat the meat, you can just drink the soup. What's more, Zhou Dongsheng's continuous increase in positions is spurring Landing Sifang.
What is the best way to grab as many chips as possible from other institutions?
The natural thing is to muddy the water, the more muddy the better. Only when the market is chaotic enough will there be a chance to fish in troubled waters!
At the same time, in overseas markets, all kinds of rumors are flying around, which are naturally fueled by various institutions.
As the vested interests holding low-priced chips, they naturally have to find ways to guide public opinion and lure more uninformed retail investors to enter the market and take over. Only in this way can the market become bigger and bigger, and at the same time it is convenient for them to cash out and leave the market.
It is best to exaggerate and confuse people, and that is probably enough.
Not to mention virtual currency, things like Tibetan Mastiffs, Dzi beads, gambling stones, blind boxes... all follow the same rules of the game.
Again, in this kind of "holding a bomb in hand" game, there is bound to be a fool who takes the last baton, but at the same time, no one thinks that he or she will be that fool.
As institutions one after another announce their optimism about Bitcoin and act accordingly, continuing to support Bitcoin, institutions are taking the lead in guiding the market and driving the arrival of this round of "institutional bull market."
For a week in a row, while stock markets around the world suspended trading due to weekend closures, the Bitcoin market, which operates all year round, was in a complete frenzy.
In particular, a large number of investors and retail investors who originally focused on the stock market have the leisure time during the weekend to pay attention to this recently emerging investment project.
And under the pretext of "hobby", some people try to join in and have fun. With the participation of a large number of manpower, the market value of Bitcoin is pushed to a new high!
With the help of unprecedented traffic during the weekend, the market was unprecedentedly active, with daily trading volume skyrocketing, almost reaching the daily ceiling of US$2 billion!
At the same time, the market value of Bitcoin has reached a peak of 2,000 US dollars!
The entire market was in an uproar, and countless retail investors and institutions could no longer hold back. At the same time, a large number of financial media also focused their cameras on this market, and experts from all walks of life came together to offer their own analyses.
"The surge in Bitcoin is not without reason. As early as last year, Bitcoin's year-to-date increase quietly exceeded 150%. At that time, there were very few traders in the entire market, and the daily trading volume was only tens of millions of US dollars."
“After entering 2017, Bitcoin has once again seen a strong rally. Now that only a quarter of 2017 has passed, the increase in Bitcoin has already approached the total of last year!”
“At the same time, the single-day trading volume reached 1.9 billion US dollars, a 19-fold increase in volume, which undoubtedly means that a large number of institutions and retail investors are constantly pouring in to support Bitcoin.”
"Among them, external factors are still the main reason. The world economy is turbulent, the Federal Reserve is raising interest rates, and global investors have great demand for risk aversion..."
With the eloquent boasting of experts from all walks of life, the market consensus has undoubtedly been greatly strengthened. Among them, it is worth mentioning that the mainstream domestic opinion believes that.
"According to the announcement released by Bitcoin China, Chinese investors played a major role in driving the current surge in Bitcoin prices. The main motivation for many investors to buy large amounts of Bitcoin is..."
“One is that the strengthening of the US dollar and the Fed’s interest rate hikes have led to a sharp depreciation of the RMB. Investing in Bitcoin for risk hedging has undoubtedly become a new idea…”
“At the same time, Wu Guanggeng, the manager of Bitcoin Huaxia, said that in addition to the promotion of Huaxia investors, the halving of the production cycle of Bitcoin itself is also an important factor that cannot be ignored!”
“Before July 12 this year, 3,600 bitcoins were produced every day, but after that, the daily output will be only 1,800. This will inevitably change the relationship between supply and demand, and the continued rise in prices will further become a market consensus…”
With such intensive positive support, although the market value of Bitcoin has fallen, it still remains at around US$2,000. Then the market started a new round of tug-of-war.
In just half a month, even if Zhou Dongsheng did nothing, his book profits had quietly doubled with just 500,000 chips in his pocket.
The wheel of history rolls forward and no one can stop it. The more desperate you are facing the wheel of history, the more refreshing it is to lie on the train of history.
Zhou Dongsheng had to consider whether this was his only chance to make money in the rest of his life...
Of course, in addition to making money while lying down, Zhou Dongsheng has not been idle during this period. He has been hanging out in the crew and enjoying the artistic influence.
He even received special training in pole dancing to achieve perfection. Although he is having fun, Zhou Dongsheng is serious about leaving his name in film history.
After all, in this regard, other big guys have spent much more money than him. In front of him is a certain gambling god's bodyguard, and in the back is the invincible Master Ma...
These are all role models for our generation!
With Zhou Dongsheng's last-minute preparation, the crew was filming in full swing and it was finally his turn!
