Chapter 502 [Its just the right moment, make good use of it]
After a sharp rise on Saturday, Bitcoin entered an adjustment on Sunday, with a correction of -3.7% on the day, closing at a price of US$0.77, and its nominal market value was locked at US$1.166 billion.
In recent days, the cryptocurrency market has experienced an incredible boom, but during the same period, global stock markets have been languishing, and U.S. stocks plummeted last Thursday.
The main reason why the external market plummeted was that Standard & Poor's announced that it had lowered the credit rating of Magnesium's treasury bonds for the first time in history, from the previous highest credit rating of aaa to aa, and maintained the rating outlook as "negative".
After the weekend, it’s Monday, August 8th.
The A-share market also opened as scheduled on the first trading day of the new week. Affected by negative external news, the Shanghai Composite Index broke through the 600-point mark through direct bidding, opening sharply at 99.9 points and opening as low as -1.03%.
In the first half hour after the market opened, it opened low and moved high. This fake move to lure many people into the market really deceived many people into entering.
Seeing the market drop like this, stock investors are almost at the bottom, and there are quite a few people taking action to make money.
But after 10 o'clock, those who entered the market today to gain chips realized that something was wrong. The trend after 10 o'clock went all the way down, and there were no two decent rebounds. At around 10:30, the market fell back below the opening price.
Then the decline began to accelerate.
In less than 0 minutes, the index's intraday decline expanded to 100 percent, and it was flat for about six or seven minutes. News spread that there was another rumor in the big a international version.
The market was immediately frightened, and the market index immediately showed a waterfall.
The Shanghai Composite Index continuously fell below the two important points of 600 points and 00 points during the session, without even a decent resistance. The stock index fell to the lowest position of 497.9 points during the session, a drop of nearly 1 percentage point.
…
At noon, Tian Jiayi returned to Jingxin Residence from the company.
After lunch, Fang Hong was talking about the company with his beautiful assistant. He looked at Tian Jiayi and said: "Bitcoin is going up today, and Merrill Lynch's funds will start to take over tomorrow."
After a pause, Fang Hong added: "In addition, some people were arranged to promote the concept of Bitcoin's 'decentralization' and constant total amount on the Internet, giving encrypted digital currency the definition of a safe haven asset for the first time, and the credit rating of U.S. debt was lowered.
, now is the right time, so we must make good use of it.”
Aren’t there many people who don’t understand the logic behind Bitcoin’s skyrocketing price?
Okay, here comes the logic.
Bitcoin is decentralized and the total amount is constant!
It’s better than U.S. bonds and better than gold.
Smart people have long abandoned the traditional financial industry and embraced encrypted digital currencies...
Otherwise, why would Bitcoin skyrocket?
Those who were foresight and foresight have eaten a lot of meat. Now it is not too late to realize later. If you don't know it, it will be really useless.
It’s really no use if you don’t get in the car!
Tian Jiayi nodded and made a note of Fang Hong's instructions. After the two continued to talk for a few minutes, she left Jingxin Residence to go to work at Qunxing Capital, and also went to carry out Fang Hong's instructions.
…
In the afternoon, the A-share market opened. The market that plunged in early trading narrowed its decline in the afternoon, and the market index shrank and fluctuated above 00 points.
As of the close, the Shanghai Stock Index fell 99.60 points to 6.8 points, a decrease of -3.79%, with a turnover of 117.6 billion; the Shenzhen Component Index fell 389.13 points to 1131.63 points, a decrease of -3.33%, with a turnover of 9.7 billion. The trading volume of the two cities was higher than the previous one.
The trading day was greatly enlarged.
Looking at the market, as the market fell to a new low in a year, market panic spread, and the two cities reappeared in a rare wave of limit-downs. There were tragic scenes of more than a hundred stocks falling by their limits.
All sectors turned green, market risk aversion soared, and the profit-making effect dropped sharply, which caused most OTC funds to maintain a wait-and-see attitude, and the stock index's decline was fully evident.
Today, there are less than a hundred popular stocks in the A-share market and the two markets, and gold stocks once again attracted the attention of funds. Hengbang shares quickly hit the daily limit during the session, and large consumers such as liquor, video, and commercial chains maintained their strength.
However, there are still technical analysts who are looking for a bottom rebound, because from a technical point of view, after the valuation fell below the 60 support level last Friday, it fell sharply again today. In the short term, due to serious oversold conditions, technical analysts believe that there is a possibility of a technical rebound.
Sex is increasing.
…
In the evening, the U.S. stock market opened. Affected by the news that U.S. debt was downgraded by S&P, this triggered market panic. U.S. stocks plummeted before the market opened. The Dow Jones Industrial Average fell more than 600 points, and the three major North American stock indexes all fell more than -.
%, Obama shouted that day, emphasizing that America will always be in the 3A level, but it still cannot reverse the decline.
The plunge in North American stock markets also triggered a global stock market crash, and European stock markets also followed suit.
However, that night, against the backdrop of a collective plunge in global capital markets, the cryptocurrency market surged again.
At around 3:1, Bitcoin staged a straight-line short squeeze, breaking through $600 8.93%, $60 18.01%, $700 7.09%, $70 36.17%, $800 4.8%...
It didn't stop until it reached the highest price of the day at $814.49 around 3:6, and the increase expanded to a water level of 47.88%.
In just over half an hour, Bitcoin went from falling to rising above US$30, with a price difference of more than US$84. The net market value increased by US$900 million. Based on today’s historical high, Bitcoin’s nominal market value has already
soared to a height of $17.1 billion.
Players from all walks of life in the currency circle are excited about it, and the global capital market is paying attention.
In the end, the price of Bitcoin was locked at US$801.1 in the early morning, a surge of 4.3% that day, and Bitcoin officially ushered in the era of US$800.
…
As soon as the early morning passed, on Tuesday, August 9, the price of Bitcoin surged again, breaking through a record high of $80 at around 00:1 minutes. The intraday increase expanded to 6.0%, and the short squeeze continued. Soon, the price of Bitcoin surged.
At around 00:4 minutes, it broke through the integer mark of $900, and the intraday increase expanded to the 1.8% level.
At the same time, on the news, major peripheral Bitcoin community forums are boasting that Bitcoin is decentralized and the total amount is constant. It is the most valuable safe-haven asset in the new century, better than gold.
The price trend of Bitcoin can be said to be hitting record highs every moment.
At 00:39, Bitcoin surged to a record high of $9, with the intraday increase expanding to 19.1%. Its nominal market value exceeded $0 billion, standing above $0 billion for the first time.
What outsiders don’t know is that the price of Bitcoin can skyrocket from US$30 more than an hour ago to the current price of US$9. That’s all because Fang Hong’s private trading team spent more than one billion US dollars in real money.
Li Ding's results.
That's right, it's a stud-style operation, which means dry pulling, dead lifting, violent pulling, and crazy pulling regardless of the cost.
All the bull players in the currency circle have followed suit and made a lot of money. These players who made money should thank God K. Although they don’t know that God K controls the whole game, they can still make money without God K being so crazy.
If you don’t have enough money, now everyone is eating meat. As long as you are long, you will eat meat.
However, Fang Hong is not a good person either.
The real benefactor is Merrill Lynch next door. Merrill Lynch will foot the bill for everyone and is already on the way to take over the business.
