Volume 4 Crazy Growth 2017 Chapter 873
Many retail investors who were originally crying and queuing up to sell their stocks, now see the market bottoming out and rebounding. If they react a little faster, they may still have a chance to withdraw their sell orders.
But if you react a little slower, you will find that the sell orders on the market were almost swept away in an instant, and the market curve was almost forcibly pulled up.
Damn dealer, you are just staring at these three melons and two dates in my hand, right?
If I don’t sell, the price won’t go up. If I sell, the price will go up!
Although there are language barriers around the world, at this moment, many retail investors have obviously achieved a high degree of spiritual synchronization, expressing their sincere blessings to the banker in their own mother tongue.
The market, which embodies the will of many retail investors, seemed to have turned around in an instant. Not only did it stop its decline, but it also showed its domineering power and began to attack the high ground of 6,000 US dollars.
At the same time, the continuous delivery of sell orders on the market has driven the trading volume of the entire market to continue to rise, reaching new highs almost in an instant, creating a jaw-dropping trading volume!
9 billion US dollars!
It is only one step away from a size of 10 billion US dollars. If there are not enough chips on the market, with the concerted efforts of a number of institutions, breaking through the 10 billion US dollar mark will be a piece of cake.
Supported by such a huge trading volume, the entire market was violently pulled back to over 6,000 US dollars, and the intraday increase once reached 10%. Although it fell slightly, it still easily stabilized the downward trend.
It has to be said that this anonymous market, which has no limits on price fluctuations and allows for 24-hour endless trading, is a natural stage for institutions to exert their strength.
Whether it is information asymmetry, capital size, or trading skills, retail investors, like a pile of scattered sand, are completely in the dark and almost powerless to resist.
It seems that the only strategy that can be adopted is to follow the trend and take advantage of the main force.
Of course, under such circumstances, it is impossible for many organizations to be united. They can temporarily join forces for the sake of interests. Similarly, for the sake of interests, they can also choose to backstab their allies...
After all, in this market where anonymous transactions are the main focus, no one can clearly see who the person behind the mask is.
However, the short-lived consensus is always fragile and sensitive. Once differences arise, it is inevitable that the market will fall into a tug-of-war between bulls and bears.
The huge market still follows the basic laws of nature, which is nothing more than big fish eat small fish, and small fish eat shrimps. There are also gaps between institutions.
But there is no doubt that this wave of violent market crash dropped the price from 7,000 US dollars to 5,000 US dollars, creating a price difference of nearly 2,000 US dollars in just a few days, which was enough to make a fortune for the short side.
While making a profit, you can also flexibly change your position, become a bull in seconds, sweep up a wave of excess low-priced chips in the market, and successfully complete the task of building a position.
At the same time, they work together to boost the market. In this way, they can eat from both ends and earn double the profits, which can be said to kill two birds with one stone.
However, only a very few people can actually pull off such a bold operation. Not only does it require accurate judgment of market trends, but it also requires extraordinary trading skills.
Of course, the most important thing is to have sufficient ammunition. The saying that all fears come from insufficient firepower is obviously also applicable in the capital market.
Although there is no smoke of gunpowder on this battlefield, it can achieve the effect of defeating the enemy without fighting.
For Zhou Dongsheng, who holds sufficient chips, he can naturally sit back and relax. Not only can he enjoy the pleasure of watching tigers fight from a mountain, but he can also take this opportunity to add fuel to the fire.
Even the short sellers have to go through a lot of trouble to borrow chips so that they can use them as capital to leverage the market. However, for Zhou Dongsheng, who already holds the chips, all he needs to do is fish.
Even though there was the Pacific Ocean between them, it did not prevent Zhou Dongsheng from accurately conveying his ideas to Lu Sifang. As for how to implement it, that was not something he, the mastermind behind the scenes, needed to worry about.
Even at the end, Zhou Dongsheng could add lightly, "Take this opportunity to make a nest, don't disturb the nest. We have so many chips, we have to give others a chance to enter the market, otherwise who will help us carry the sedan chair..."
Lu Sifang naturally understood this. After all, the huge amount of chips they held in their hands now were accumulated slowly after lurking in the market for more than a year.
If the market does not have sufficient capacity to take up the chips, it would undoubtedly be a fantasy to successfully cash out such a huge amount of chips.
With the amount of chips Zhou Dongsheng holds now, to a certain extent, he even has the initial initiative to overturn the table. Once he takes the initiative to crash the market, it is obviously impossible for the current market size to withstand it.
It may even cause the market sentiment to collapse, and the market value will plummet, which is naturally not worth the loss.
Naturally, no one would do such a thankless task that is not in their own interests, and Zhou Dongsheng is no exception.
After all, Zhou Dongsheng is now a dog dealer with considerable weight even in the entire Bitcoin market, and is definitely not a small retail investor.
As we all know, the number of chips in the entire Bitcoin market is constant at 21 million, and nearly one-third of the chips have not yet been mined. That is to say, the total number of chips on the market is currently more than 15 million.
The recognized big dealer among them is naturally the mysterious founder "Satoshi Nakamoto". To this day, no one knows his true identity, whether he is a mysterious organization or an individual.
But there is no doubt that the number of chips in his hands must account for a quarter or even more of the total market, and the conservative estimate is nearly five million.
In addition, there are obviously some institutions that control an unknown number of chips. Under such circumstances, the chips that can actually flow in the market are naturally very few.
Before this, the signs of active trading in the market could even be ruled out as just an illusion created by some institutions transferring money from one hand to the other. To some extent, this was also a "nesting".
It's just that when Zhou Dongsheng entered the scene quietly and lurked, he slowly gathered some of the chips into his own hands without alarming the nest. It can be said that it took a lot of effort to collect so many chips.
Even so, even if the fisherman is slow to react and cannot see clearly what is happening under the water, it is only a matter of time before he discovers that the chips in his hand are getting fewer as he keeps transferring them from hand to hand.
When this happens, either a big fish has entered the nest, or a large number of small fish and shrimp have entered the nest and eaten up all the bait...
No matter which situation it is, it is good news for anglers. After all, what anglers are afraid of is not that the fish will not bite the hook, but that there are no fish in the pond at all.
The former is because one's skills are not as good as others, and the latter is like a skilled cook cannot cook without rice.
As long as it is confirmed that there are fish in the pond, the rest is just to find ways to catch the fish. If there are no fish, even throwing a torpedo into the pond would be in vain.
After this vigorous event, it is enough to prove to a certain extent the activeness of the market. Not only are there anglers doing this, but a large number of fish have also started to enter the nest taking this opportunity.
For anglers, wherever there is water, they will want to cast a few rods to test the water. However, for fish, they don’t think so many twists and turns. As long as there is bait to eat, they will swarm in.
Who cares about the flood? Just eat your fill first.
By analogy, the same is true for the market. As for who is the fish and who is the fisherman, that is naturally a matter of opinion.
After such a big commotion, the market was equivalent to going through a new round of reshuffle. After this round of "technical adjustments", it was natural and inevitable that the chips would be highly concentrated in the hands of some people.
Just as water flows to the lowest place, it is also an objective fact that at any card table, as long as the game lasts long enough, the chips will eventually be concentrated in the hands of a few people.
In order to keep the game going, the dealer will often choose to increase the chips appropriately, or take certain technical intervention measures to further balance the situation...
However, for Bitcoin, which claims to be "decentralized", this method is obviously not applicable. What's more, the rule of a constant number of 21 million chips further restricts the use of this method.
Therefore, even though Bitcoin claims to be "decentralized," in the face of the objective laws of this market, it is still inevitable that the chips will eventually be concentrated in the hands of some people.
And once one has a sufficient number of chips, to some extent, isn't this person the center of the market?
After all, as long as one has enough chips, the ups and downs of the market will inevitably be completely controlled by the individual. Putting aside the technical innovation of blockchain, it is still difficult to change the objective laws of this market in essence.
This is just like the existence of Newton's three laws. Even if later generations surpass Newton and achieve the highest level of physics, they cannot overturn the three laws that serve as the cornerstone of the theory.
The only possibility to achieve this is perhaps... physics no longer exists (funny).
Ahem, let’s get back to the topic.
And when the market goes through a new round of adjustments, even if there are many players and the number of chips distributed to each person is very limited, it still cannot change the fact that the chips are highly concentrated.
In fact, the chips circulating in the market are decreasing at a rate visible to the naked eye. Under such circumstances, the supply and demand relationship in the market will naturally reverse quietly.
As we all know, prices are affected by supply and demand. When supply is insufficient, prices will rise, and when supply exceeds demand, prices will naturally fall. Prices fluctuate around the value itself.
When chips are concentrated and liquidity decreases, it means that every market participant holds on to the chips in his hand and chooses to wait for the price to rise.
Under the influence of this sentiment of scarcity, the market has unsurprisingly started a new round of accelerated trend!
Even affected by many external factors, this round of acceleration is more determined than ever before and without any delay.
It took less than two trading days for the price of Bitcoin to regain the high of 7,000 US dollars, and it only stayed there for a short while.
Afterwards, they made a concerted effort and sprinted straight towards the 8,000 US dollar mark. The originally insurmountable natural barrier seemed fragile in front of the re-energized main force. There was almost no obstacle, and the main force immediately reached Huanglong!
It was officially announced to the world in mid-November that Bitcoin has successfully conquered the 8,000 US dollar high ground today. Please be informed!
After taking the 8,000-dollar high ground in one fell swoop, the main force chose to set up camp on the spot to recuperate and accumulate strength. At the same time, they did not forget to communicate with the outside world in a consistent manner and spread the news.
If you want to fight to support the war and become braver as the war goes on, you naturally have to ensure that the logistics can keep up. When the main force is attacking cities and capturing ponds, the logistics troops are naturally needed to keep up and clean up the battlefield.
Only by complementing each other in this way can we form an invincible force and crush the market with ease.
This was indeed the case. The main force cleared the 8,000-dollar high ground back and forth, then cheered up, turned their horses around, sounded the charge again, and marched towards the 9,000-dollar mark in a mighty force.
After only three or two days of going back and forth, they easily captured the 9,000 US dollar high ground. This time, they didn't even make much adjustment. After another three or two days, the main force's flag had been planted on the 10,000 US dollar high ground, fluttering in the wind!
This round of accelerated market was like a blitzkrieg, and everything developed naturally. There seemed to be no resistance in the market, and the US$10,000 mark was broken with almost no effort.
The news of this historic moment spread across the country in an instant, causing an uproar in the entire market.
You know, at the beginning of November, Bitcoin was still enjoying the joy of having just reached the $6,000 high ground. Now that only two-thirds of November has passed, the market value of Bitcoin is only one step away from doubling!
Such an astonishing increase and such obvious benefits are enough to make anyone who hears the news crazy. No one can remain rational in the face of such benefits.
As the famous saying goes, "If a business has a 10% profit, someone will naturally ensure its existence. If it has a 20% profit, the entire market will be active. If it has a 50% profit, someone will definitely to take risks..."
"For the sake of 100% profit, some people will resolutely choose to trample on the law, even at the risk of breaking the law..."
"As for the 300% profit, it doesn't matter if I commit any crime, even if it means I will be hanged..."
In just less than a month, the market value has skyrocketed by more than 80%. If you extend the timeline to a year, you can even find that...
At the beginning of 2017, the market value of Bitcoin was less than one thousand US dollars!
In other words, in less than a year, the market value of Bitcoin has skyrocketed more than 10 times, which is more than a 300% profit!
Under the stimulation of such major positive news, the entire market was like a bombshell dropped. Any investor who heard the news found it difficult to remain rational, and the attention of the entire market was firmly attracted by the most handsome guy in the market.
At the same time, a large amount of hot money in the market was inevitably attracted and began to flow into Bitcoin!
