legendary trader

Chapter 929 930 Warm Up (Thanks to all readers, thanks to all friends who rewarded monthly and recommended tickets)

Sure enough, not long after the stock market closed, Zheng Xiaopang staggered into the trading room.

"Maojian Co., Ltd. is also adjusting now. What are you doing there for so long?"

Chen Fan said casually after seeing Zheng Xiaopang coming back.

"There's really not much to do here, is there?"

Zheng Xiaopang asked back after hearing Chen Fan's words.

Regarding this, Chen Fan could only smile helplessly.

Bitcoin trading is indeed light now, and the most important thing is that the buying momentum in the market seems to be relatively strong. If they enter the market with a large number of heads-ups, they can make the market look good, but they will also lose a lot of bargaining chips.

After Zheng Xiaopang sat down, Chen Fan began to tell Zheng Xiaopang the news from Zhang Quan.

Unexpectedly, Zheng Xiaopang didn't react much to this, as if he had expected it long ago.

"You seem to have already prepared in your heart."

Chen Fan asked after seeing Zheng Xiaopang's reaction.

"This trading platform actually has no technical content. I know it from our global exchange to the Mt in the United States.

Now that is to say, the bitcoin market has not been heated up by us, and it will become hotter in the future. There will only be more companies entering this industry as a platform. After all, there is not much technical content, which is to compete for a reputation. "

Zheng Xiaopang replied: "Also, I don't think it's good to say that in the future, every country will have Internet companies participating in this industry. Of course, it's okay to be a poor country and a small country, and there are not many people. That is to say, countries with developed economies will developed.

For latecomers like them, even if they can't grab much foreign markets, as long as they can win the domestic market, it is very good, and it is enough for them to seek financing for development. "

"Financing?"

When Chen Fan heard Zheng Xiaopang say this word, he asked a little strangely.

"Of course, if Bitcoin is hyped, it means that there is a gimmick in it, which will naturally attract the intervention of venture capital. They should not mind spending some money to bet on the development potential of these new platforms. As for what will happen in the end? ,who cares.

VCs are betting on the future, and as long as Bitcoin makes money, they will be attracted.

Unfortunately, because we want to profit from it, we have to promote this project and make Bitcoin a new investment hotspot. "

Zheng Xiaopang shook his head and said.

It seems careless, but Chen Fan understands that even if Global Exchange becomes the mainstream platform for bitcoin trading, Big Mac will not be able to prevent the emergence of new trading platforms, because there are benefits in it, and the threshold is really not high.

"So do you think they want to make money on Bitcoin, or do they want to make money from VCs?"

Chen Fan asked curiously. Looking at his current performance, it seemed that Zheng Xiaopang had noticed this a long time ago.

"Is this important?"

Zheng Xiaopang laughed and said: "For these people, as long as Bitcoin is gradually recognized by the market, that is, with our promotion, it is accepted by more people, then the market will definitely become hotter.

As for what you care about, it doesn't really matter whether they want to profit from Bitcoin, or use the guise of Bitcoin to defraud venture capital through valuation. "

Speaking of this, Zheng Xiaopang looked at Chen Fan and said: "We still can only obtain the pricing power of Bitcoin as much as possible through the Global Exchange, this is the most important thing.

After all, this is our home field, as long as most people in the market are attracted to trade with us, we will gain more.

Also, didn't you reserve some shares in the exchange last time?

At that time, I believe that the price of new funds entering the market will not be small. Do you really think that Brother Wang and the others will take advantage of others? "

Chen Fan nodded when he heard this. At the beginning, he said that he would not bring in other people. He also analyzed it in the plan, that is, if the market develops well and the financing valuation can be increased, then they can easily Profitable exit.

Of course, nine out of ten people who have already invested will not leave the market.

Just kidding, what a rare opportunity to enter the market when Bitcoin was not developing.

It's a fool's errand to get out of a market as soon as it develops.

"It is still necessary to stir up Bitcoin. People are blind followers. As long as we stir up Bitcoin, those who know Bitcoin but still doubt it will accept our logic sooner or later.

Hey, in fact, we don’t have any logic yet, it’s just that the price of this thing is cheap, the plate is still small, and it’s not unlimited growth.

Just like you said, there are only two thousand or so small-cap stocks, so what if we speculate for tens of dollars, how big is the plate. "

Zheng Xiaopang continued, "The key now is when do you plan to start making hype?"

"I've thought about it. In the future, we will mainly speculate in Bitcoin from 3:12 pm to [-]:[-] pm. The domestic stock market has just closed, and European funds and North American funds can participate.

Of course, US funds can only be used in the morning, and we will not move in the afternoon, so that we can observe the real situation of the market. "

Chen Fan nodded and said, "I plan to start raising the price in the near future, but it may still be pushed up slightly. After all, there are still many bitcoins in the market that have not flowed into the exchange, which is not a good thing.

As long as the bitcoins that do not enter our exchange, they may be absorbed by other exchanges.

To gain a dominant position in the market and pricing power, it is necessary to win most of the trading volume in the market. "

"Do you want to do it today?"

When Zheng Xiaopang heard Chen Fan's words, he immediately regained his energy and hurriedly asked.

"It stands to reason that they have been trading at the price of 1 cents for a week, and those who want to sell bitcoin here should have sold it.

As you said before, it is convenient to buy Bitcoin now, and it can be seen from the disk that the purchase price is constantly being raised, and all fools know that it will be even higher in the future.

Only when the market gives a higher price can it be possible to attract more players to sell their bitcoins in the short term. I think the time is almost here. "

Zheng Xiaopang continued to speak on his own.

"Makes sense."

After hearing Zheng Xiaopang's long speech, Chen Fan just responded lightly.

"I'll let them sweep the thousands of 1 cents and 5, and then continue to push up?"

Hearing what Chen Fan said, Zheng Xiaopang asked tentatively.

Chen Fan was silent for a moment this time, and did not give an answer right away.

But soon, he seemed to have figured it out, and nodded, "Just eat all the orders around 3 cents, and the closing price will remain around 2 cents today and tomorrow, let's see how the market reacts."

After hearing Chen Fan's words, Zheng Xiaopang rubbed his hands, "I thought it was time to pull it up. If we had pulled up the price of the currency last week, there should be more sell orders in the market now."

But this time Chen Fan shook his head, "The day after tomorrow, I will sweep away the orders around 5 cents, but I will push it back to around 3 cents when the market closes, and then gradually raise it to 4 cents. If there are few follow-up orders in the market, We are going to push down the price, we can’t continue to push it.”

"Dare to lower the price at that time? Just kidding."

Zheng Xiaopang said suspiciously.

"No kidding, after that the price will be pushed down for a few days, let the currency price continue to decline, and see if you can let those guys who are waiting for the price release their bitcoins.

Although they may be real bitcoin players, our market does not need them, and it is in our best interest to keep bitcoin in the hands of speculators. "

Chen Fan said with a smile.

In Chen Fan's view, those players who first entered Bitcoin may have been really attracted by some of Bitcoin's advantages, and they also sincerely hope that Bitcoin can be accepted by more people, but in promoting Bitcoin Say, they are the exact opposite of themselves.

To make Bitcoin accepted by more people and the market, it is better for these people to leave the market. Bitcoin in their hands will only delay the speed of Bitcoin being accepted by the market, because only Bitcoin is accepted by more people. Only people hold it, then Bitcoin will really enter the market and society.

This seems to be what he, an early market explorer, needs to do.

"Go ahead, I'll watch the news."

In the following two days, Zheng Xiaopang began to sweep up the sell orders of bitcoin at 3 and 4 o'clock in the afternoon, but he must take action to lower the price before 12 o'clock every night, maintaining the upward trend of the bitcoin price.

After Bitcoin’s debut on the market for the first time last week, the price of Bitcoin has maintained a price of more than 1 cent for a few days, and the price of Bitcoin has risen sharply on Monday afternoon, and the price of Bitcoin has risen rapidly from the previous 0.157 yuan , the intraday highest price reached 0.319 yuan, then fluctuated and fell, and a large number of selling orders appeared due to the rapid rise of the currency price, and finally closed at 0.225 yuan.

On Tuesday, the currency price started to rise slightly in the morning, and a large number of buy orders suddenly poured in around 4 o'clock in the afternoon. At around 5 o'clock, the highest price reached 0.350 yuan to refresh the intraday high, and then there was a trend of falling all the way. There were some big sell orders near 12 o'clock, and Bitcoin finally closed at 0.275 yuan.

In the past two days, the price of Bitcoin has suddenly risen. Starting late on Monday, the forum is like boiling water, and the heat has remained high. A large number of players are discussing the price of Bitcoin in the forum.

Last week’s trend, except that the market price directly crushed the previous forum price on the first day, everyone still had strong expectations for the Bitcoin price at the beginning.

However, after the trend calmed down in the next few days, only some people thought that the price of Bitcoin given by Global Exchange was more reasonable. Although the price was very different from before, many players still believed that the price was underestimated.

Although these people didn't say anything, Chen Fan still guessed when he read the briefing, which may have a lot to do with the recent increase in the difficulty of Bitcoin mining.

In the past, it was easy to mine, so it naturally gave people a feeling that Bitcoin was worthless. After all, if you pick up a hoe and dig for a few days, there will be hundreds or even thousands of mines.

Afterwards, more people mined, and the number of bitcoins that could be mined began to decrease, but at that time, it was only difficult to mine and the number decreased. I think everyone felt pretty good at that time, because there were more people. Came here.

But until now, especially in the past one or two months, many people continue to mine at home or in the company's computers, but the final result is also fruitless.

Yes, before there could be dozens or hundreds of bitcoins, but now many people find that it may not be possible to dig out dozens of coins once in a few days.

As the difficulty increases, naturally the price of Bitcoin in their minds will be different.

Previously, trading on the forum was troublesome, and everyone just laughed at others struggling to trade for such a small amount of money.

Now it seems that there are more convenient channels to cash out, but everyone finds that Bitcoin is also starting to be difficult to mine.

In their view, this is of course because the rise in the price of Bitcoin has attracted more people to participate in mining. At least so far, they have not thought of whether there is any trick behind it.

Between the rise in the price of Bitcoin and the difficulty of mining Bitcoin, most people still prefer to let the price of Bitcoin continue to rise.

Of course, this is just the opinion of some people. There were actually not many sell orders that were attracted to enter the market because of the rise in the price of Bitcoin on Monday. Most of the sell orders that Zheng Xiaopang took were those who directly placed orders, thinking that the price of Bitcoin had reached the peak and sold There are very few players.

But on Tuesday, in addition to attracting some players to buy orders, the price continued to rise slightly. In the process of rushing higher in the afternoon, there were obviously more than a dozen selling orders of nearly [-] bitcoins.

It was precisely because of these bitcoins in the high-priced area that Zheng Xiaopang dared to sell [-] bitcoins to the market to lower the price at the end of the day.

Most of the people who came in to buy Bitcoin at this time were just enthusiasts, and there were no speculators coming to this market, so although they saw many selling orders and the quotations were getting lower and lower, they really chose to buy Bitcoin There are still very few, because the price has fluctuated a bit in the past two days.

For those who play Bitcoin at this time, most of them have a certain degree of education, and they also understand some financial knowledge. It is also because they understand that little that they feel that the price in the past two days is irrational, and they still recognize it. Weekly trend, stable.

However, the market was still calm on Wednesday morning. Due to the drop in the price of the currency in the early morning, the price of Bitcoin in the morning remained at around 0.27 yuan. From the perspective of those who pay attention to the price changes of Bitcoin, the players attracted in the previous two days have already bought it. Bitcoin, whether the price of Bitcoin can continue to rise in the future depends on whether new people are attracted to buy it.

But in the bottom of their hearts, they have begun to feel that the current price seems a bit high, and they are hesitating whether to sell their bitcoins while the current market conditions are good.

If there are no new players in the market to buy bitcoins, then the sharp rise in the first two days will definitely plummet. After all, they think from another perspective and feel that the current bitcoin price is a bit inflated.

At around 3 o'clock in the afternoon on Wednesday, Chen Fan and Zheng Xiaopang came out of the stock trading room and walked into the Bitcoin trading room.

"I read the forum, and I still think we should lower the price. I read a few posts, and they all said that the price of Bitcoin is a bit high now."

Zheng Xiaopang whispered to Chen Fan after sitting down.

"Give them benefits and let them sell their bitcoins at a higher price."

Chen Fan shook his head and said, "Follow what I said that day, don't just double the money, it didn't increase much, it's just a warm-up.

The price must rise in the next few days, otherwise my newspapers in Europe will report something, and I have already greeted them, and let me take advantage of this price increase."

(End of this chapter)