Volume 4 Crazy Growth 2017 Chapter 823: Deja Vu
Listening to Lu Sifang on the other side of the ocean telling him vividly about the current situation in the overseas market over the phone, Zhou Dongsheng couldn't help but feel a subtle feeling in his heart.
It seemed as if this scene was familiar to him, as if he had experienced it somewhere before, and for Zhou Dongsheng, this thing called "ransomware" was the first time he had heard of it in his two lifetimes.
Maybe at this time in my previous life, I was still struggling for life, or maybe I didn’t pay much attention to the topics on the hot search list, or maybe this thing didn’t have such a big impact in China...
Therefore, this sense of familiarity obviously does not come from the virus, but... Zhou Dongsheng couldn't help but feel a sense of enlightenment in his heart. Now that Bitcoin is slowly beginning to move towards a bull market, isn't it just like the stock market in 2015?
At this moment, it is just like that moment, how similar it is!
Of course, the scale is naturally incomparable, but this subtle feeling comes precisely from Zhou Dongsheng's position. In these two markets of unequal size, Zhou Dongsheng plays the role of a beneficiary.
However, Zhou Dongsheng at that time was just a drop in the ocean in the epic market trend in 2015. Even with a series of foresighted operations, he could only obtain a few "insignificant" small target profits from it.
Compared with the entire stock market, which often starts at a trillion-dollar scale, it has not even reached the level of "taking only one scoop of water from the vast ocean".
However, this also allowed Zhou Dongsheng to complete the initial accumulation and earn the first pot of starting capital. Otherwise, he would not have achieved what he has today.
As time goes by, the role Zhou Dongsheng plays in the huge Bitcoin market has undoubtedly increased greatly. Even Zhou Dongsheng himself does not know that he has become one of the opportunities to start this bull market in advance.
After all, there are very limited chips in the entire market. When Zhou Dongsheng continues to sweep up chips to complete the accumulation of chips and build positions, the chips circulating on the market will naturally be greatly reduced. This abnormal fluctuation will naturally not escape the eyes of those who are interested.
Therefore, the emergence of this variable naturally indirectly promoted the start of this wave of Bitcoin bull market. After all, when Zhou Dongsheng entered the market, the daily trading volume of the entire Bitcoin market was only tens of millions of US dollars.
Regardless of whether it is liquidity or chips circulating in the market, they are very limited. With the hundreds of millions of US dollars he initially prepared to enter the market to absorb the chips, it would take more than ten days for the entire market to digest them.
Even in the entire market at that time, there were probably very few retail investors, and all of them were institutions transferring chips from one hand to the other, but the chips became fewer and fewer as they were transferred...
Even the slowest institutions will react, and as trading volume gradually increases, the liquidity of Bitcoin will naturally increase greatly. Coupled with the continued turbulence and influence of the external economic environment...
Some retail investors and hot money in the market have gradually flowed into Bitcoin, becoming the main force driving prices higher, giving Bitcoin a second spring three years after the last bull market.
From breaking through the US$1,000 mark at the end of 2016, to doubling several times again in just half a year and reaching the US$4,000 threshold, there is no doubt that this bull market has risen to the point where it is unstoppable.
As for the emergence of ransomware, it is only one aspect of this market trend. Even people with ulterior motives have set their sights on Bitcoin, which is enough to show that its value has been recognized within a certain range and has sufficient liquidity.
As long as it can be circulated, it has room for operation, which proves the value of this thing. As for what this thing is, it is not the key.
As long as it is unique enough and the quantity is relatively limited, that is enough. As long as there is a market, people will flock to it. Value is the biggest motivation.
The only difference is that the chips have changed from tulips, Clivia and the like to Bitcoin.
Zhou Dongsheng, who already has sufficient chips in his hands, only needs to sit back and watch the ups and downs in the market. Thinking of this, Zhou Dongsheng feels particularly fulfilled and calm.
I can't help but feel , and I wonder where the ceiling of this bull market will be?
Unlike the stock market in 2015, Zhou Dongsheng had a vague concept of the turning point because he had seen vivid examples around him. Although it was not accurate enough, it was enough for him to make profits and exit in time.
However, Zhou Dongsheng's understanding of Bitcoin is very limited, and it is difficult for him to make an accurate timing judgment on its market trends.
I just vaguely remember that during the turbulent years in the future, Bitcoin was pushed to the forefront of the world, and its popularity and attention even reached a level that attracted worldwide attention.
It was also during that period of enthusiasm that the market value of Bitcoin reached its historical high in the true sense. As for the exact amount, Zhou Dongsheng couldn't remember clearly.
After all, for the sake of prudence, Zhou Dongsheng has always kept his distance from things beyond his cognitive scope. However, even so, he could not escape the fate of becoming a leek.
The green fund is the final destination of the leeks!
However, for Zhou Dongsheng today, this thing is no longer beyond his cognition. No matter how things change, the essence remains the same. As long as we see the essence through the phenomenon and regard it as a bargaining chip, then everything ultimately comes down to market behavior.
If you look at it this way, you won’t be confused by its lofty concepts. Regardless of whether it is blockchain technology or decentralization, isn’t it just a selling point of the product?
As for the rest, the market doesn’t care, and neither do the customers. Just having such a big piece of cake there is tempting enough.
However, as the ransomware virus spread around the world and unveiled the mystery of Bitcoin to the general public, the existence of Bitcoin has also attracted a lot of controversy.
In particular, it has caused resistance from some traditional financial practitioners. It is true that decentralization is a major selling point of Bitcoin, but what is this "center"?
In the final analysis, isn’t this the foundation of traditional financial practitioners? It also goes against their long-standing financial common sense!
In their view, currency without an issuer means that no institution or organization will back it up. What is the difference between such currency and waste paper?
Obviously, any technology or product that breaks the rules and challenges tradition will inevitably be met with fierce backlash from conservatives. This has been the case throughout history.
However, this kind of boycott obviously cannot effectively interfere with its value, especially after four years, after Germany recognized the value of Bitcoin, the island country also publicly recognized it as a legal payment method.
With national-level recognition, the liquidity of Bitcoin in the market will undoubtedly be further improved, while also providing a certain guarantee for its value.
At the very least, it has greatly boosted the confidence of retail investors and some investors, and they have even been greatly encouraged, so they started waving their money and rushing in.
Always with tears in their eyes, always full of fighting spirit, never learning from lessons, and never repenting, this may be the most realistic portrayal of retail investors (funny).
However, it must be said that the unique properties of Bitcoin itself, whether it is anonymous transactions, tax exemption and lack of regulation, or the ability to easily bypass the regulatory system for cross-border transactions in any corner of the world, are destined to make it a hotbed for illegal activities.
But to some extent, this is not a disadvantage. After all, the green US dollar is also the designated currency of criminal groups. But it does not hinder the global status of the US dollar at all, right?
On the contrary, it is precisely because of Bitcoin's nature that it seems to be born for speculation that it has further become popular among retail investors and investors.
After all, in professional tracks like the global stock market that have been around for a long time, there are naturally hidden dragons and crouching tigers, and professionals are everywhere. Even a victorious general like Buffett has failed before, let alone ordinary people?
In such an extremely competitive professional track, no matter whether you are a professional or a veteran trader, no one dares to guarantee that they can achieve the goal of stable profits. They can only follow the dogma of empiricism in practice.
On such a card table, after a long period of evolution, the rules of the game have long been open, transparent, and relatively fair. All loopholes that can be exploited have basically been exploited by someone and have been blocked by the rules.
Therefore, as long as you want to participate, you have to follow the rules. To a certain extent, the rules are also created to protect the weak, so that the entire game system can develop sustainably and not exhaust all the resources.
In the absence of a choice, regardless of whether one is strong or weak, everyone lives in peace within this established framework. However, when another track emerges, the situation will naturally undergo some subtle changes.
Although I don't have the ability to flip the table, I can change to another table to play, and the rules of the game on this table seem to be simpler and more brutal, even a little "humane".
Since I couldn't beat others on the original track, maybe I could still achieve miracles by changing to another track? Moreover, on this track, most people were at the same starting line!
This starting line, of course, does not refer to the number of chips, but rather that everyone’s understanding of Bitcoin is basically the same, that is, they know nothing about it.
However, ignorance is bliss, and the less one understands, the more daring one is to bet. After all, some people are used to understanding the rules of the game before entering the market cautiously.
Some people, on the other hand, prefer to believe that practice makes perfect and they directly exchange money for experience, thinking that it is not a loss even if they spend money to learn lessons.
It is difficult to judge which of the two methods is better. In a nutshell, the risks and benefits are proportional...
This is destined to be a carnival for gamblers. However, this new track that disrupts market rules will naturally have its supporters and opponents.
The ideological clashes between the reformists and conservatives are always prevalent in all fields, with checks and balances between the two.
As the popularity of Bitcoin grows, relevant domestic regulatory authorities have also issued timely warnings of risks in an effort to cool down the market and allow investors to view this new currency more rationally.
However, just as the three major domestic exchanges jointly issued a statement earlier, threatening to charge handling fees in order to further curb speculation and stabilize market prices, it not only failed to cool down the market, but instead pushed prices to rise steadily all the way.
This time seems to be the same, as if the market is deliberately going against the regulators. The price of Bitcoin has risen instead of falling, forming a counter-trend upward trend.
Such obviously negative news did not have any adverse impact on the market, which undoubtedly further boosted market confidence and prompted more retail investors to rush into the market.
For fear that they would miss the chance to enjoy the soup if they were late, the sentiment of the entire market continued to be high. Although the daily trading volume did not set a new record, it stabilized in the range of about 2 billion US dollars, jumping back and forth.
The baton of the market was passed back and forth, forming a strong support for the market. Even if there was no further surge, there was not much decline. Obviously, there were differences in market sentiment in the range of more than 4,000 US dollars.
After all, in this bull market, investors from China are a major force supporting the market, and the three major Bitcoin exchanges located in China undoubtedly play a pivotal role in the entire Bitcoin market.
Therefore, there is no doubt that the attitude of China's regulatory authorities will become the main factor affecting the decision-making of China's investors. Once this main force leaves the market, it will be a major negative for the entire market.
As relevant local regulatory authorities frequently speak out and even directly interview the heads of the three major exchanges, whether the sword of Damocles hanging over their heads will fall has become a factor for some investors to consider.
It even prompted some early investors to start choosing to take profits and exit. At the same time, a storm began to brew in secret.
Zhou Dongsheng obviously knew nothing about this. After learning about the relevant news in the domestic and overseas markets and understanding it clearly, he replied to Lu Sifang with three words, "Got it."
He remained unmoved by the current market conditions, did not give any further instructions, and did not choose to adjust or reduce his positions. This rock-steady performance undoubtedly made Lu Sifang excited.
To date, the crazy market performance is enough to prove how accurate and terrifying Zhou Dongsheng’s indescribable talent and sense of smell are. Even he himself finds it difficult to understand why Zhou Dongsheng is so confident?
But facts speak louder than words. A hundred or a thousand words are not as convincing as that string of data. When Bitcoin broke through 4,000 US dollars, my own profit had exceeded 546%!
Just by following his boss's lead, he has created the highest rate of return in his career and multiplied his wealth several times.
As expected, if you follow the right person, making money is easier than drinking water. In just half a year, I have already earned more than 5 million US dollars!
This amount of money is more than the total wealth of all his wealth in the first half of his life!
The image of Zhou Dongsheng in his mind also continued to expand as his wealth grew. Now, let alone serving him like a slave, Lu Sifang estimated that he would not hesitate even to block a bullet for Zhou Dongsheng.
If a bullet costs $5 million... then a few more don't seem out of place...
However, the speed at which the iron fist fell was far beyond everyone's imagination. Before the market could even react, the iron fist arrived with lightning speed!
