Chapter 503 [It's the right time to speak, so make good use of it]

After Saturday’s surge, Bitcoin entered an adjustment on Sunday, with a correction of -3.57% on the day, closing at $550.77, and its nominal market value was locked at $11.566 billion.

In recent days, the cryptocurrency market has experienced an unbelievable bull market, but the global stock market has been sluggish during the same period. The U.S. stock market plummeted last Thursday.

The external market plummeted mainly because Standard \u0026 Poor's announced that it would downgrade the credit rating of Magnesium's national debt for the first time in history, from the previous highest credit rating of AAA to AA+, and maintain the rating outlook as "negative".

After the weekend weekend, the time came to Monday, August 8th.

The A-share market also opened as scheduled on the first trading day of the new week. Affected by external negative news, the direct bidding of the Shanghai stock index broke through the 2600-point mark and opened sharply at 2599.29 points -1.03%.

In the first half hour after the opening of the market, there were low openings and high movements. This fake move to lure many people really deceived many people to come in.

Shareholders watched the market fall like this, and it was almost at the bottom, and there were quite a few people who made money.

But after 10 o'clock, those who entered the market today to grab chips realized that something bad happened. After 10 o'clock, the trend went all the way down, and there were no two decent rebounds. At around 10:23, the market fell back below the opening price. Then began to accelerate the decline.

In less than 20 minutes, the index's intraday decline expanded to 2 percentage points, and it remained flat for about six or seven minutes. The news came from the big A international edition and rumors came out.

The market was directly scared, and the market index directly showed a waterfall.

The Shanghai stock index fell to 2,600 points and 2,500 points in a row, without even a decent resistance. The lowest level in the session fell to 2,497.92 points, a drop of nearly 5 percentage points.

...

At noon, Tian Jiayi returned to Jingxinju from the company.

After lunch, Fang Hong and the beautiful assistant were talking about the company. He looked at Tian Jiayi and said, "Bitcoin has risen 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 advocate concept labels such as the 'decentralization' of Bitcoin on the Internet, and the definition of a safe-haven asset for the first time on the encrypted digital currency. The credit rating of the US debt was downgraded. , Now this time is just in time, so make good use of it.”

Aren't many people now unable to understand the logic of Bitcoin skyrocketing?

Well, here comes the logic.

Bitcoin is decentralized and the total amount is constant!

Better than U.S. debt, better than gold.

Smart people have long abandoned the traditional financial industry and embraced encrypted digital currency...

Otherwise, why is Bitcoin skyrocketing?

People who are foresight have eaten a lot of meat, and it is not too late to know later, and it will be really useless before they know it.

If you don't get in the car, it's really useless!

Tian Jiayi nodded, and made a memorandum of Fang Hong's instructions. After the two continued talking for a few minutes, she also left Jingxinju to go to work at Qunxing Capital, and at the same time carried out Fang Hong's instructions.

...

In the afternoon, the A-share market opened, and the sharp drop in the early trading narrowed in the afternoon, with the broader market index shrinking and fluctuating above 2,500 points.

As of the close, the Shanghai Index fell 99.60 points to 2526.82 points, a decrease of -3.79%, with a turnover of 117.6 billion; the Shenzhen Component Index fell 389.13 points to 11312.63 points, a decrease of -3.33%, with a turnover of 97.2 billion. The trading day is greatly enlarged.

From the perspective of the market, as the market fell to a new low for a year, market panic spread, the two cities reappeared a rare limit-down wave, and more than a hundred individual stocks saw a tragic scene of limit-down in the intraday market.

The entire sector is green, the risk aversion sentiment in the market has soared, and the profit-making effect has dropped sharply, making most of the off-market funds maintain a wait-and-see attitude, and the stock index is showing a decline.

Today, there are less than 100 stocks in the A-share market and two markets that are booming, while gold stocks have once again attracted the attention of funds, Hengbang shares quickly hit the daily limit, and major consumers such as liquor, video, and commercial chains maintained their strength.

However, there are still technical analysts who are bottom-hunting and rebounding, because from a technical point of view, after the valuation fell below the 2650 support level last Friday, it fell sharply again today. Due to the serious oversold in the short term, technical players believe that there may be a technical rebound Sex is on the rise.

...

In the evening, the U.S. stock market opened. Affected by the news that U.S. bonds were downgraded by the S\u0026P credit rating, this triggered panic in the market. U.S. stocks plummeted before the market. The Dow plummeted more than 600 points, and the three major North American stock indexes all fell by more than -5.5. %, Obama shouted that day, emphasizing that America will always be at the same level as 3A, but the decline is still irreversible.

The plunge in North American stock markets also triggered a global stock market crash, and European stock markets followed suit.

However, against the background of the collective plunge in the global capital market that night, the encrypted digital currency market skyrocketed again.

At around 23:12, Bitcoin staged a straight-line short-squeeze market, breaking through $600 (+8.93%), $650 (+18.01%), $700 (+27.09%), and $750 (+36.17%) , $800 (+45.28%)…

It didn't stop until it reached the highest intraday price of $814.49 around 23:56, and the increase expanded to +47.88%.

In just over half an hour, Bitcoin went from falling to rising from USD 530, and the price difference exceeded USD 284 all the way. The net market value increased by USD 5.9 billion. Based on today’s historical high, the nominal market value of Bitcoin has already Soared to a height of 17.1 billion US dollars.

Players from all walks of life in the currency circle are excited about it, and the global capital market is paying attention to it.

In the end, the price of Bitcoin was locked at $801.51 in the early hours of the morning, with a surge of +45.53% that day, and Bitcoin officially ushered in the era of $800.

...

After the early morning, on Tuesday, August 9, the price of Bitcoin surged again, breaking through a record high of $850 at around 00:12, and the intraday increase expanded to +6.05% water level, and continued to squeeze short, and soon At around 00:24, it broke through the integer mark of 900 US dollars, and the intraday increase expanded to +12.28% water level.

At the same time, on the news, the major Bitcoin community forums in the periphery are all boasting that Bitcoin is decentralized and the total amount is constant. This is the most valuable safe-haven asset in the new century, even better than gold.

The price trend of Bitcoin can be said to be hitting new all-time highs every moment.

At 00:39, Bitcoin soared to a record high of $955, and the intraday increase expanded to +19.15%. Its nominal market value exceeded $20.055 billion, standing above $20 billion for the first time.

What outsiders don't know is that the price of Bitcoin has skyrocketed from US$530 more than an hour ago to the current price of US$955. The top result.

That's right, it's a stud-style operation, that is, dry pulling, dead pulling, and violent pulling, regardless of the cost.

All the long-term players in the currency circle have made a lot of money. These players who make money should thank God K. Although they don’t know that God K controls the whole game, they are not as crazy as God K. They also make money If you don't have enough money, you are now eating big meat. As long as you do more, you will eat meat.

However, Fang Hong is not a good person.

The real benevolent person is Merrill Lynch next door. Merrill Lynch will pay for everyone and is already on the way to take over.

...