legendary trader

Chapter 928 929 Operation Period
"Hi, I'm Chen Fan."

Chen Fan still picked up the phone habitually and said.

At this moment, Zheng Xiaopang next to him gave him a sign, meaning to go out for a while.

After seeing Chen Fan nodding, he turned around and left the trading room.

"Mr. Chen, there is information from Europe that Najak Kodry and Damian Melakchi intend to establish a bitcoin exchange, specializing in online bitcoin transactions."

Zhang Quan's voice quickly came out of the receiver, and two extremely strange names were announced.

"Who are they? What do they do?"

Chen Fan immediately asked, what did Zhang Quan talk about on the phone, was it a person's name or a company name?This has to be asked clearly.

"According to what we know now, the founder filled in is Najak Kodri, and there is another co-founder named Damian Melakic. Both of them are Slovenians. Our people in Europe are because The other party is registering the trading website to know the situation.

So far, the other news is not sure, we have asked them to check. "

"Well, keep an eye on this matter and let me know if there is any news."

After hanging up the phone, Chen Fan said to himself, "I didn't expect that at this time, there will be new competitors."

In Chen Fan's initial thought, as long as those bitcoin miners traded online, some of them would most likely think of setting up a special trading website, not only for the convenience of bitcoin lovers to communicate with each other Conducting transactions can also be regarded as an entrepreneurial project.

But it stands to reason that new competitors should be cautious after seeing a trading platform that already has Bitcoin. After all, as a latecomer, it is still quite difficult for you to catch up with the first-mover advantage of others.

But Chen Fan still didn't expect that after the Universal Exchange went online for trading, there would be an opponent in Europe.

The former American guy Jed McCaleb announced that he would transfer his Mt.Gox trading website to the bitcoin business. At that time, Chen Fan had not announced the establishment of the bitcoin trading platform, but it was still in preparation. This is no wonder.

Thinking of this, Chen Fan suddenly remembered that he forgot to ask Zhang Quan, that American named Jed, how his Mt website was doing.

Although I know from Xie Chaoyang that it is still in preparation, and it looks like it will be launched soon, but I think Zhang Quan's news may be more comprehensive.

Chen Fan is feeling the pressure now. Whether it is the Mt trading website in the United States or the Bitstamp trading website that is currently registered, they will all be competitors of Global Exchange.

At this time, the only way Chen Fan can think of to seize the absolute advantage is to increase the price of Bitcoin and attract more customers to enter the global exchange in advance.

What Chen Fan valued was not how much money they could bring, but the bitcoins in the hands of those old players.

As long as they can transfer bitcoins to global exchanges, as long as they make a few transactions, they will trust here.

In fact, isn’t the so-called competition of exchanges or trading websites just about snatching bitcoins in the market?

money?
It's all there.

But the most important thing about Bitcoin is to attract coins.

It is not impossible for Global Exchange to use fake bitcoins for transactions. As long as the customers who bought bitcoins do not withdraw cash quickly, and the bought bitcoins are still stored on the website, such fake transactions there will not be thwarted.

But Chen Fan didn't intend to break the law, because that would be fraudulent, using non-existent bitcoins for transaction fraud, and he actually had enough bitcoins for transactions, but he didn't want to release bitcoins prematurely liquidity.

In fact, Chen Fan still doesn't understand. According to calculations, there should be at least a million bitcoins on the market, but according to analysts tracking the transaction data of previous forums, the actual transaction volume is about 70.

Of course, this is after deducting the batch of bitcoins bought by Zheng Xiaopang.

The batch of bitcoins saved by Zheng Xiaopang will not be put back into the market in the short term, at least until Chen Fan feels that he has not earned enough.

As for the guys who bought bitcoins in the forum before, Chen Fan guessed that these bitcoins will not return to the circulation market for the time being until there is no attractive price.

There are hundreds of thousands left. Is it also because the current offer is completely unattractive, so the holders choose not to sell?
or.
Chen Fan remembered what Xiaopang saw on the forum before. Of course he told Chen Fan as a joke. Someone actually forgot the secret key of his bitcoin wallet.

Well, because of my carelessness at the beginning, I just couldn’t find my bitcoin anyway.

However, Chen Fan doesn't believe that there will be hundreds of thousands of such forgotten Bitcoins. Maybe there will be, but if there are [-], it will be the sky.

Well, in fact, Chen Fan also knows that he is thinking of these to find some excuses for raising Bitcoin in advance.

In the past few days, the price of Bitcoin has fluctuated between 0.1 yuan and 0.2 yuan, which is actually a relatively good trend. The comments in the forum are increasingly biased towards this price, which is considered to be a reasonable price for Bitcoin at this stage.

At this time, it should be to keep the price stable and attract more customers to transfer bitcoins to the global exchange and enter the trading market. At least hundreds of thousands more, it should be 50, then perfect.

After trading on the exchange, more than 30 bitcoins have been transferred to the platform, but most of them have not been sold at the current price. It seems that their owners are not satisfied with the current price, and there are more than 2 Withdraw cash and leave after being bought by someone.

Chen Fan silently calculated in his heart, although in the end he still felt that he should wait a little longer. After the roughly distributed bitcoins that have been produced, there should still be quite a few. At least a potential circulation of hundreds of thousands of bitcoins exists, and they have not been attracted yet. Come to the exchange.

But now Chen Fan couldn't wait any longer.

These bitcoins will become the key for other exchanges to overtake the global exchanges. If he can't attract these bitcoins, they will probably end up on trading websites in the United States or Slovenia. This is the last thing Chen Fan wants to see Case.

It is still necessary to choose an opportunity to increase the price of the currency. Only when they see the opportunity to ship at a high price will they transfer all the bitcoins in their hands to the exchange.

As long as there are a large number of bitcoin transactions, there is no need to worry about the challenges of other rising star websites.

Chen Fan sat in front of the computer and watched. The price of Bitcoin is still very stable now. The latest price of Bitcoin is 0.157 yuan. Someone has sold more than 3700 Bitcoins to the market. This is the second sale in the last half an hour. A sell order for Bitcoin was issued, but no buy order entered the market during this period.

The buying price has already appeared at 0.0135 yuan. I don't know who quoted the price, at least not their buying order, because Chen Fan didn't see this buying order in the background data.

Chen Fan could feel that those players who entered the bitcoin market first may have accepted the current price, and maybe wait a little longer, and the hundreds of thousands of bitcoins they transferred to the exchange will be thrown into the market in large quantities.

Even though they set a high price for Bitcoin at the beginning, it was actually just a test, because they didn't know how much the thing dug out through the software was worth.

Even Chen Fan guessed in his heart, maybe they also know that Bitcoin is actually nothing, only if someone likes it, then there will be the reality that someone is willing to spend money to buy it.

If no one is interested, Bitcoin is worth nothing.

As for the so-called capped circulation, it can only be hehe, there is no value at all, no matter how small the circulation is, it can only be said that if the fans do not have enough points, the price may be raised.

But once there are few fans and not many people are after it, it is useless to have a small circulation, and it will not be hyped at all.

But thinking of this, Chen Fan suddenly thought of another thing, that is what status people like him and Jade have in the entire Bitcoin industry.

Bitcoin is a decentralized thing that does not rely on a specific monetary institution to issue, but is generated through a large number of calculations based on a specific algorithm.

This is fundamentally different from the previous legal tender or game gold coins, because there is no organization to promote this thing.

And what are you doing now?
The central bank issues legal currency, which is endorsed by national credit, which means mandatory use.

The game currency provided by the game company in the game is also used in the game and has a specific use value. The game company will promote the game, and the value of the game currency will naturally be reflected.

The game is running well, and there are many players. If the game company cards gold coins, some rich players will go to those game equipment trading websites to trade, and they will pay for the gold coins in the game.

Such websites now exist in all countries in the world. The Mt trading website in the United States is for this business, but it is more inclined to card games.

At first, Chen Fan thought that the Mt trading website was for trading equipment and props in the game, but after he went to the website to see it himself, he realized that they rely on chess and card games for survival. The props and coins in the game are then cashed out. Mt's business is to steal money from game companies.

It is no wonder that they are looking for transformation. This industry will definitely be targeted sooner or later. If they switch to the Bitcoin business, things that do not have an issuing and promoting agency will naturally no longer be controlled by others.

These characteristics of Bitcoin naturally reminded Chen Fan a lot. Could it be that the guy codenamed Satoshi Nakamoto thought that there would be people who would make money from Bitcoin, and those who wanted to make money from Bitcoin naturally became more His pusher.

Just like what I am doing now, it is said that it is to provide transaction convenience for Bitcoin players, but in fact it is not for making money. To make money, you must promote it in advance. Only after Bitcoin is promoted can you have the opportunity to get more benefits.

Good calculation.

No wonder Bitcoin does not need an issuing agency, and players are the biggest promoters.

Chen Fan looked at the time, it was almost two o'clock, and Zheng Xiaopang hadn't come yet, so he didn't know if he was thinking that it would be easy anyway, or that the stocks over there were better, so he stayed in the stock trading room side.

Compared with stocks, the Bitcoin trading room is really quiet.

Xie Chaoyang and the others are responsible for checking whether the bills posted up have been eaten by anyone, or whether they have sold Bitcoin at a lower price, and browse the forum to control the wind direction. There is nothing else to do.

But at this time, Chen Fan is going to operate, and he thinks he should discuss what he thought earlier with Zheng Xiaopang, and see if he thinks the currency price should continue to be as it is now, and stabilize for a period of time in order to hope for more changes. High, stimulating the market and allowing those currency holders to choose to enter the market.

After that, there was a long wait, and no one traded.

Chen Fan felt that the circulation of the market would be promoted only by raising the price of the currency. It seemed that raising the price of Bitcoin was really urgent.

"Every transaction for half a day, it's so f*ckingly bland."

Chen Fan muttered a few words silently in his heart, seeing that the time was almost 3 o'clock. Nearly an hour later, the price of Bitcoin was still 0.157 yuan, and the buying price has increased by 1%. Now the buying price is 0.136 yuan.

The price of Bitcoin is not going up by a penny, but by a percentage. It is no wonder that the market transactions are light.

The funds that entered the market early last week may not have the desire to increase their positions after seeing such market conditions.

At least Chen Fan felt that if it was him, he would not continue to buy.

Although it has increased a lot, considering the transaction volume, it is really boring.

As the end of the year approaches, the weather has already turned cooler, but there is no heating at this time. After all, it is a little earlier, but it is coming soon.

It's just that it still feels a little cold at this time, Chen Fan rubbed his hands unconsciously.

Anyway, Zheng Xiaopang is not here at the moment, and Chen Fan starts to think about the time to raise bitcoins.

It is not a question of pulling up that day, but thinking about when the main trading hours are appropriate every day.

When I was bored, I looked at the trading account information of Bitcoin. Now most of the registrants of trading accounts are concentrated on Omi. Domestic accounts only account for [-]% of market trading accounts, Omi players account for more than [-]%, and some It is people from other Asia-Pacific countries and Australia.

Chen Fan feels that it seems that the best time to increase the price of Bitcoin in the future is to choose the time period from afternoon to evening every day, just in time for Omi's daytime, and the domestic side seems to be able to take care of it.

The time in the early morning is actually not bad. At night in the United States, quite a few of the recent transactions are in the early morning, and the trading accounts can also be seen to be opened by American people.

But it seems a bit too tiring to do that time period.

Thinking about the current time, Chen Fan thinks that he will focus on operating bitcoin in the future, preferably after 3 pm. After the Shanghai stock market closes, he can concentrate on bitcoin. In the morning and at 3 pm, he should pay attention to the Shanghai stock market. , Staring at the operation of Maojian shares.

As long as the market remains stable during this period of time, and the domestic stock market is closed, we will fully operate Bitcoin, whether it is pulling up or killing down.

Unconsciously knocking on the computer desktop, Chen Fan felt that this arrangement of time seems to be the best, every day around 12 o'clock in the evening is almost the same, and the rest of the market will let the Americans continue to play, and those who are willing to stay up late on the European side can also Keep going, as long as nothing major happens.

While Chen Fan was thinking, the time quietly passed 3 pm, and the Shanghai stock market closed.

(End of this chapter)