My fintech empire.

Chapter 490 [Traveling in the air is more uncomfortable than losing money]

The following day, July 6

In the living room of Jingxin's villa, Tian Jiayi reported to Fang Honghui: "The Bitcoin trader told me that the funds are almost exhausted."

Hearing this, Fang Hong immediately ordered: "Then transfer 3 million U.S. dollars from my overseas personal account, continue to squeeze short, and transfer it when it is not enough."

Tian Jiayi paused, nodded and said, "Okay."

Fang Hong turned to ask: "How is the conversation with the people from Merrill Lynch going?"

Tian Jiayi said concisely: "It went well."

Thinking of the current price of Bitcoin, the beautiful assistant couldn't help asking: "You raise Bitcoin so high, do you want Merrill Lynch's funds to take your orders at a high level?"

Seeing Fang Hong smiling but not speaking, Tian Jiayi couldn't help being stunned.

That's true...

Fang Hong said calmly: "Merrill Lynch will definitely help them make money by letting me take care of the money. After all, 35% of the profit is not allowed, but let's torture them first. Anyway, I will make money anyway."

Pull up the bitcoin to ship the goods, and Merrill Lynch’s entrusted funds are accepted. If the other party angrily asks to withdraw the funds, then withdraw, and just take the remaining funds.

It's like cutting Merrill Lynch's leeks, and it's the kind that was delivered to your door.

If you don’t withdraw your capital, then you will endure the floating losses on the Bitcoin books, and the management fee that you should pay for that fund every year cannot be less.

At the moment, the price of Bitcoin is running around the $70 price point.

After receiving the liquidity support of 3 million US dollars, the trader team started working immediately.

At around 22:45 in the evening, the price of Bitcoin once again launched a short-squeeze market with its absolute financial strength. In just 10 minutes, its price rose to a record high of $102.6, which was the largest intraday increase of +49.73%. The price of Bitcoin crossed the $100 mark for the first time, with a notional market capitalization reaching a height of $21.5 billion.

In the end, it closed at a price of US$96.17, a huge increase of +40.38% on the day, and four consecutive big positive lines can be called picturesque, with a cumulative increase of nearly 4.5 times in four days.

Players in the currency circle did not expect that after a wave of hackers attacked the Mt.Gox trading platform, instead of crashing, Bitcoin skyrocketed unreasonably.

The most uncomfortable thing at this time is the founder of the Mt.Gox trading platform, Mark Capules. The price of Bitcoin has skyrocketed to such an extent that he wants to die. It’s like being roasted on the fire. Same.

The Mt.Gox management team even wanted to find a reason to close the trading platform.

But it doesn't work, and it can't be done.

Because now Bitcoin is more than just a trading platform of Mt.Gox, closing the trading platform is of no use, it will only make yourself more passive.

The Mt.Gox trading platform has lost 75 bitcoins from users, and the face value has reached 7212 million US dollars according to today's latest price. The biggest fear of the Mt.Gox trading platform is being sued by users.

……

In the next few days, Bitcoin continued to squeeze and skyrocket.

On June 6, Bitcoin rose +30% to close at $27.20, with a nominal market value of $122.33 billion;
On June 7, Bitcoin rose +01% to close at $33.13, with a nominal market value of $162.86 billion;
On June 7, Bitcoin rose +02% to close at $20.79, with a nominal market value of $196.71 billion;
On June 7, Bitcoin rose +03% to close at $15.85, with a nominal market value of $227.89 billion;
As of the end of July 7, Bitcoin has gone out of the unimaginable unilateral skyrocketing market. Its price trend can be said to refresh the cognitive upper limit of every currency player time and time again, and it has also become the focus of the global capital market. Reported by major media.

More and more people who don't speculate in Bitcoin are also aware of this thing, because the rise is too crazy.

There is really no daily limit, and then it keeps rising.

The Mt.Gox trading platform saw the price trend of Bitcoin and wanted to die. Now it is being roasted on the fire and screaming. At present, the entire currency circle is in a high state of excitement. The focus of everyone's attention is on how high Bitcoin can rise. , more and more people from all walks of life outside the currency circle are watching the excitement.

And in this high-pitched state, one thing is covered up, that is, users who lost 75 bitcoins to the Mt. Gox trading platform have begun to ask for more and more bitcoins. You can also lose money, according to the current market price.

According to the current market price of 227.89 US dollars, a total of 75 bitcoins, that is worth 1 million US dollars.I can't afford to pawn the underpants of the founder of the Mt.Gox trading platform, but I can't get out more than 7091 million US dollars.

The current situation is that some users who have lost their bitcoins already have an urgent desire to take profits. From the cost price of about 15 US dollars to the latest price, it has soared more than 14 times.

These users also know that if there is no loss, they will definitely not be able to hold it. Maybe they will close their positions when the trading platform has skyrocketed by more than 50 points from the first point of the new development, and they may even lose their meat when they fall by -20%. out.

But, no but!
The reality is that the responsibility lies with the Mt.Gox trading platform, and users don't care about it.

And up to now, these users know that they have unexpectedly become rich. At this time, they are very eager to sell out and cash out, because they firmly believe that Bitcoin will definitely collapse.

In fact, almost 99% of the participants now think so, Bitcoin will definitely collapse.

In the past eight consecutive days of skyrocketing, almost every day someone predicted that the price trend of Bitcoin would collapse that day, and every time it suddenly dived, it felt like the scene of the bloody crash on June 6 would be repeated in the next second.

But the price trend of Bitcoin is soaring all the way, being bad-mouthed all the way, and skyrocketing all the way.

Players in the currency circle firmly believe that Bitcoin will collapse one day, but the temptation of this trend is fatal. At first, I resisted the temptation and did not reach out, but every time I open the trend chart of Bitcoin... …

Going empty is almost more uncomfortable than losing money.

After all, some people couldn't bear it, went in to gamble, made money, hesitated for a while, went in to gamble again and made money...

Gradually, and then it became more and more unbearable, from a light warehouse to a heavy warehouse...

Gradually, he became more excited and fanatical, and his heart of getting rich began to burn fiercely.

As for the protection of Bitcoin, the pressure on the Mt.Gox trading platform is increasing day by day. Faced with the pursuit of those users, they are now looking for reasons to evade and prevaricate.

……

On July 7th, Bitcoin first fell back by 4 percentage points, and the price reached 11.68 yuan. It felt like it was about to collapse, but it began to explode and squeeze short.

At around 2:20 a.m. that night, the price of Bitcoin broke through the historic $300 mark, and the intraday highest price reached $302.56, the largest intraday increase of +32.76%. The nominal market value of Bitcoin refreshed to $63.53 billion.

In just nine days, it has risen from $17.5 to the current historical high price, an increase of 16.28 times.

The trend of bitcoin is breaking through the cognition and imagination of players in the currency circle every day. No one who speculates in bitcoin will feel that it can rise to a height of US$4 when the price of bitcoin is 0.6 US dollars in April.

In just three months, from $0.6 to $302.56, the cumulative increase was +50326.66%, more than 500 times in three months.

……

(End of this chapter)