legendary trader

Chapter 927 928 New Players

"Judging from the Bitcoin white paper you showed me before, that person should be anti-Keynesian, opposing countries to stimulate the economy with deficits and excessive issuance of paper money, because each excessive issuance will not only cause currency depreciation, but also inflation."

Chen Fan glanced at Zheng Xiaopang and said lightly, "So you see, the first thing he designed for this Bitcoin is to control the total amount. He got rid of the centralized issuance system of legal tender, and it is calculated by the network nodes. generate.

Anyone can participate in the creation of Bitcoin, and it can be circulated all over the world, and can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can mine, buy, sell or receive Bitcoin, and in the transaction During the process, outsiders cannot identify the user's identity information.

The most critical thing is his cap, that is, there are only 2100 million bitcoins in total, and no new ones will be generated after the issuance is completed.

The bitcoin he designed is virtual, and the similar thing in reality is gold.

Gold has been regarded as a valuable asset in the East and West since its birth. The West directly regards gold as currency. In the East, although gold was not a legal tender at the beginning, it was only regarded as a precious metal. However, after the great voyage, with the Trade was also accepted, becoming the nationally recognized currency.

Although gold can also be mined continuously, the restrictions are similar to that of Bitcoin. If you find a gold mine, you have to invest money in to mine the gold.

Through this production process, the total amount of gold is quite limited, and cannot be overissued like banknotes.

After the gold standard was abandoned, excessive currency issuance began to widely affect the world economy. Although Keynesianism believes that an appropriate deficit and excessive currency issuance can stimulate good economic development, the precise regulation is a problem, and a slight error may induce an economic crisis. "

"What do you mean by that?"

Zheng Xiaopang looked at Chen Fan suspiciously, not understanding what he said had anything to do with gold because of the poor bitcoin market.
"Didn't you see where the readers and netizens are focusing their attention? There are also some scholars and experts interviewed, where are they focusing on Bitcoin?
Instead of analyzing what Bitcoin can bring, they are telling their views on Bitcoin, which is what they call a scam?

Without any basis, what is designed on the software is just a gimmick of total control to attract players and attract those anti-inflation players to come in and make Bitcoin.

In the eyes of these people, economics is all lies. It is only right to control currency issuance from the source, so as to avoid inflation and depreciation of money in hand.

Decades ago, leaders of various countries believed in Keynesianism. They all wanted to stimulate economic development by issuing super currency, so it was inevitable that they could not maintain the gold standard.

In fact, we can see from the way Bitcoin is issued, is Bitcoin an experiment conducted by these guys who oppose Keynesianism? "

When Chen Fan said this, he picked up the tea on the table and took a sip. Seeing that Zheng Xiaopang was still looking at him, he had no choice but to continue: "When the gold standard was abandoned, both the academic world and the general public had a lot of troubles. Intense discussions ended in acquiescing under the strong push of the government.

The reason I say these words is to tell you that it will take a long time for Bitcoin to be widely accepted by the public, and it is impossible to achieve it in a pinch.

You think that simply creating a trading platform that can quickly and publicly withdraw the price of bitcoin can make bitcoin quickly accepted by the outside world, which is unrealistic. "

"Bitcoin is deceptive, you said that at the beginning, but it didn't change later, and it didn't take long."

Zheng Xiaopang blinked and said.

"I didn't say that Bitcoin is a lie, just like games, if you like games, you naturally like the coins in the game, those coins will not bring you anything in the real world, but you can buy them in the game world Virtual items you want.

It’s just that after you said that someone spent money to buy Bitcoin in the forum, I felt that this thing seemed to be linked to things in the real world. Since it was valued by someone, it naturally became speculative.

This conversion ratio can be very high or very low, it just depends on how it works.

Of course, the most important thing is that in my eyes, Bitcoin is not a virtual currency, but a non-profit organization with 2100 million shares, a tool that can be traded. "

Chen Fan smiled and said, "Look, the plate is so big, isn't it easy to control the plate?"

"Speaking of inflation, I thought of reading a news report yesterday, saying that real estate prices in the United States have risen well, and the annual growth rate of house prices is close to 10%. Now the United States has gradually emerged from the crisis caused by the bubble of technology stocks.

The last time you went to the United States, why didn't you buy a few properties there and wait for the appreciation? "

Zheng Xiaopang also said with a smile.

"That, I read it too, credit interest rates in the United States are low now, they use this method to stimulate economic recovery, I have to say that some of Keynes's propositions are indeed effective to a certain extent.

However, in my opinion, the collapse of technology stocks in the United States has lost a lot of social wealth. It is not a crisis at all. I did not see that the Nasdaq collapsed, and the Dow Jones and S&P have very limited declines.

It is estimated that some capitalists have a large amount of investment in technology stocks and have not withdrawn in time, resulting in huge losses of wealth.

And then the government thinks that a lot of market value lost in technology stocks, that's a lot of money.

The society lost a lot of money because of the stock market crash, so they thought that there would be a shortage of funds in the market, and they came up with a low interest rate policy to stimulate the economy. I can't think of the real reason, and this is the only explanation. "

Chen Fan shook his head and said, he really didn't expect that someone would regard the Nasdaq market crash as a crisis, just a bubble-squeezing action against technology stocks, although it caused a lot of investors to suffer heavy losses in the short term, This may cause the enthusiasm of overseas capital to enter the United States to be curbed to a certain extent.

However, thinking that the United States itself is a country that needs a lot of foreign capital investment, Chen Fan is relieved.

Due to the bursting of the technology stock bubble, overseas investment has dropped sharply in the short term. For the US government, it may really be considered a crisis.

"What they are doing now should be a relief operation. I read the report carefully. It said that banks in the United States will selectively provide housing loans to some families whose income has been affected to help them buy the houses they need. Fix housing because they can't afford high interest rates."

Zheng Xiaopang said.

"The government is leading behind the scenes, and there should be other exchange of interests. Otherwise, these lenders have low credit ratings, and capital should not provide them with credit support, even if the benchmark interest rate is lower. risky.

If you keep the money in your own hands, you can calculate it for a year at most, and you will make less money on the books.

But if the loan is out, whether it can get back the cost is a problem. Of course, because I bought a house as collateral, although the down payment is very low, the problem is not big. I guess the housing price in the United States can still rise for a while. "

Chen Fan said with a smile, "Should we join forces with your brother to let Baorun also enter the real estate market in the United States. Anyway, Baorun is engaged in real estate, and the domestic real estate market seems to be not very good now."

"Hey, forget it, there are no bones left to be eaten in the United States.

It may be okay if you just buy a house and stockpile land, but if you directly engage in development, that is not the best choice. "

Zheng Xiaopang shook his head and said.

"How to increase the volume of Bitcoin, let's not think about the United States, let's talk about the current thing."

Thinking of the beginning, Zheng Xiaopang still didn't want to continue talking far away from the topic with Chen Fan. Now what he cares about is how to promote Bitcoin and increase the daily trading volume of the exchange.

"At this time, I still say what I told you the day before yesterday. We don't take the initiative to intervene. We just need to control the wind direction in the forum."

Chen Fan shook his head and said, "On the exchange side, let the market bottom out naturally, what we have to do is to buy some if we think it's cheap, but absolutely don't interfere too much with the operation of the market.

In my opinion, only when the market naturally bottoms out and the market volume increases by itself, then is the time for us to take action to promote the currency price.

If we had intervened prematurely and too much before, I was afraid that my prediction would be wrong. "

"Shall we go back that Monday, or continue to look at the stock market?"

Zheng Xiaopang asked.

"There is nothing to look at in the stocks. They are all looking for lows and bargain hunting. Just leave it to those traders."

Chen Fan replied indifferently, "By the way, did I tell you about Zhu Laoqi's phone call last week?"

"What's the matter, I haven't received a call from him."

Zheng Xiaopang hurriedly replied.

"He told me on the phone that this year's Maojian Liquor has good returns, and he planned to conduct a stock split and high dividend this year, and asked if it was appropriate. After all, doing these things requires us to nod, and we need to combine the market to make a decision.

If the market is not good, he will postpone it until the next year. "

Chen Fan thought about the content of the phone call he had received earlier, and briefly mentioned it to Zheng Xiaopang.

"This seems to be a bit similar to what you told me before. You want to make a big splash in Maojian, and by the way, kick out some of the funds from the previous car. You agree."

Zheng Xiaopang said hastily.

"I definitely support it. When you returned to the resort on Monday, you and the team leaders below said that you should pay close attention to cleaning and collecting funds. At the end of the year and early next year, I plan to enter the market to operate and pull up the market. If there is more profit, don’t mention it.”

Chen Fan said.

"Of course I know this, you think I'm an idiot."

Zheng Xiaopang said dissatisfied.

"By the way, I forgot to ask two days ago, is anyone still buying **bitcoin in the currency circle forum?"

Chen Fan suddenly remembered that those players traded bitcoins before, and asked again.

"Yes, but no one is trading. Now the forum is mainly discussing technology and chatting. Basically, no one is trading."

Zheng Xiaopang said with a smile, he was still very happy to mention this, at least after the establishment of the Global Exchange, almost no one was seen calling **Bitcoin there in the currency forum, "Maybe people have entered our exchange to sell There are thousands of bitcoin transactions every day these days, although there are no large orders of tens of thousands before, but after all, the price of the currency has changed too much now, and it has doubled."

As of this morning, the price of Bitcoin has risen to 0.165 Chinese yuan. During this week's trading hours, the highest intraday price has reached 0.2 yuan, and the lowest price is the one they reversed, 0.041 yuan. There is no doubt about it.

While the two were talking, Xie Xiaomeng shouted from the kitchen, "It's time to eat, you two wash your hands and come over to eat."

At around 9 o'clock on Monday morning, Chen Fan and Zheng Xiaopang returned to the resort. Zheng Xiaopang first went to the leaders of several trading teams to make arrangements for cleaning up and collecting funds. Weekend forum trends.

"The forum is still very calm, that is, Jed McKaleb posted two posts, saying that the Mt. Attracting many players, it should be said that his two posts are the main hot spots this weekend."

Xie Chaoyang immediately answered Chen Fan's question.

"Is there a time to go online?"

Hearing that the competitor's website was about to go online, it naturally attracted Chen Fan's attention. Although it hadn't been officially launched yet, they had already started a publicity campaign.

"It didn't say it above, but judging from the tone, it should have been within the last month, and there was no specific mention of his post at all."

Xie Chaoyang thought for a while, then looked at Rao Yichen, but all he saw was Rao Yichen shaking his head gently.

"Forget it, the forum is still your main work direction for a while."

Chen Fan said, but even though he said so, Chen Fan was also puzzled in his heart. He and Zheng Xiaopang didn't pay much attention to the market and forums during the weekend for such a big event. Side how did not give a phone call to inform the next.

However, Chen Fan didn't call Zhang Quan. After all, he might have seen a post on the forum and thought that Chen Fan had already found out about the situation through the people here, so maybe he didn't contact him.

In the morning trading, the price of Bitcoin still fluctuated between 0.127 yuan and 0.174 yuan. The half-day trading on Monday also reached more than 6 bitcoins. Judging from the trading volume of the previous two days, today’s trading volume may exceed [-] , but this is just speculation.

In fact, in addition to over 1.2 transactions in a week last week, there were also over 5.7 transactions on Wednesday and Thursday, which were [-] and [-] respectively, but the transactions quickly dropped to only a few thousand in the next two days.

It can only be said that the market is still immature, so it fluctuates a lot.

In the afternoon, Chen Fan and Zheng Xiaopang walked out of the stock trading room. Today's trading in Shencheng stock market has ended, and the two of them entered the Bitcoin trading room after going out. The phone rings.

He took it out and took a look, it was Zhang Quan's phone. Chen Fan was a little surprised that Zhang Quan suddenly called him at this time, but this did not prevent him from calling quickly.

"Hi, I'm Chen Fan."

Chen Fan still picked up the phone habitually and said.

"Mr. Chen, there is information from Europe that Najak Kodri and Damian Melak intend to co-found the Bitstamp exchange, specializing in Bitcoin transactions"

(End of this chapter)