Chapter 215 You shouldn’t eat

Chapter 215 You shouldn’t eat

The dealer here is different from all the main players Li Yuan has encountered before.

They started the game steadily, not being swayed by the situation and sticking to their own strategy.

Otherwise, it would be impossible for there to be no movement at all until now.

You know, what Li Yuan created was not only a billion-dollar short order, but also the confidence of the entire short position.

He led more short-selling funds to join.

After all, even if the price of Bitcoin is only $9,000, it is still a very high number.

With such high attention, more than a few million people around the world follow it every day, maybe even tens of millions.

Even if it's less, half a million people participating in the transaction is still a huge amount of money.

At present, Bitcoin has not been split yet, and can only be traded one by one. At most, the funds are leveraged, and many platforms will allocate them.

And no matter when, there are shadows of those platforms behind Bitcoin.

The short order continues to decline.

At around eight o'clock in the evening, Li Yuan called the traders and asked them to continue opening contracts and strive to invest all the remaining funds at the position of $8,000.

The initial cost of more than one billion U.S. dollars was more than 14,000 U.S. dollars, and it has already lost nearly half of it, a loss of 6.7 billion U.S. dollars.

Now continue to open contracts. If calculated based on the price of nine thousand US dollars, then when the price of Bitcoin drops to almost six thousand US dollars, all long contracts will be liquidated.

This path must be taken because there is no point in going short, especially at this level.

If you want to make money, you can only go long, and you have to do it before the dealer takes action.

When the dealer takes action, he has no chance.

The whole thing is just like fishing. Someone has made a nest, the fish is in good condition, and he wants to take advantage of it.

But if people don't give in, they are not worried about the fish being caught away, but they are worried that their nest has expired.

So Li Yuan could only throw a handful of bait into other people's nests, and then it was up to him to see if they would let him fish there.

He had some food at noon but nothing at night.

Either drink some water or eat two cookies.

He cannot eat enough, and his reaction will be sluggish after eating. The same is true for traders.

Around 8 p.m., the acceptance of short orders gradually became stronger, although the price did not rise much.

However, it can be seen from the trading volume that the funds for short orders are more than expected.

At ten o'clock, the price of Bitcoin suddenly rose a lot, from about 9,000 US dollars to 10,600 US dollars.

The whole market suddenly became violent.

Because many short orders were liquidated at this position.

Those who are able to make a margin call are fine, but those who are unable to make a margin call are forced to buy, and then the price goes out of control.

At this time, it is almost impossible to buy chips at the market price, because it is refreshing every second, and there are too many people liquidating their positions, and the price is quickly raised to US$11,000, US$11,500. .

Those who are unable to make a margin call will still have to make up the difference to the platform even if their positions are liquidated.

For example, if six times the leverage is used for $100,000 and a short order is opened at a price of $10,000, then $11,660 is the liquidation line.

When the position is liquidated, a forced purchase will be made immediately, but in just a few tenths of a second, the price skyrockets to US$13,330. Not only is the principal of US$100,000 lost, but the platform is also owed US$100,000.

It’s actually not that exaggerated, but the price difference must definitely be made up.

Don’t want to make up for it? The platform will naturally recognize you.

This situation was a little beyond Li Yuan's expectations.

He originally thought that the other party would quickly raise the price to 17,000 to 8,000 US dollars and liquidate all the short orders directly. It would be much faster to cut the price that way.

Now it is clear that those short orders are given the opportunity to run away. For most of them, their positions will not be liquidated and they can leave the market safely by cutting some meat.

The most important thing is that he is already a little sleepy and hungry, and wants to get off work early.

In this situation, I can't get off work.

In this way, I slowly stayed up until twelve o'clock at night.

He never hung up on the phone with the trader, and he could only use WeChat on the PC to reply to messages.

The price held steady at $13,000.

Qingtian Capital has already made a profit, after all, their cost is only eleven thousand US dollars.

Li Yuan's side must have lost money, especially the billion-dollar short order, which has already lost 300 million US dollars.

But it’s okay, you can’t liquidate your position until you have $20,000.

And if the price can reach 20,000 US dollars, the value of the long orders he holds here can also reach 10 billion US dollars, and the overall situation will definitely not be a loss.

If the position is liquidated, the position will be liquidated...

He couldn't help it and ordered a takeaway.

However, before eating takeout, he wrote a document and wrote down his next operating instructions, just because he was afraid that he would not be able to react or not think thoroughly enough.

After eating a full meal, I felt much better.

Then, the drowsiness came...

Fortunately, I had tea at home, so I made some tea, left the sofa, and changed to a hard bench.

It's okay that the trader's shift has changed, so I don't need to worry about it.

There was nothing to do for the time being, so the trader started chatting with Li Yuan.

"Boss, why don't you go take a rest first? We can just keep an eye on this, and you can give us some instructions."

"It's okay, it's okay. This position is more critical. Just wait."

“Then boss, what price do you think Bitcoin can reach?”

"No one can say for sure."

The situation has completely changed.

Li Yuan feels that the price of 20,000 US dollars is definitely no problem, but the subsequent increase will be very limited.

In a few years, the price will rise to 40,000 to 50,000 US dollars. This is because too much capital has participated, there is a lot of money, and the global flood has created this position.

Now? Twenty thousand dollars is almost the limit.

There are a total of 21 million Bitcoins, and 13 million have been issued so far. No one knows how many dead links there are.

Maybe those dead links have been cracked long ago, or even quietly entered circulation.

Anyway, the daily circulation is so large that no one can figure it out.

Calculated based on the total circulation, the unit price of US$20,000 means that the market value of Bitcoin is US$260 billion.

Even for a stock with a market capitalization of US$260 billion, the funds in it will not be less than US$60 billion. For Bitcoin, which has a particularly large amplitude, the internal trading funds should be no less than US$100 billion.

Otherwise, where would the daily trading volume of 20 billion US dollars come from?

In all aspects, big capital has not yet entered the game. It is impossible for them to push it to 30,000 US dollars. The amount of funds that need to be used is too large.

The price of Bitcoin has risen to $14,000.

Traders are starting to talk about this year's bonuses.

Although they know that they don't play much role, they just do some hard work.

But Li Yuan earns so much, so it's normal for him to give them some, right?

They are not greedy either. If each of them can get more than 100,000 yuan, they will be quite satisfied.

Anyway, in other companies, they have no chance to get bonuses, and those companies themselves are still losing money.

Li Yuan has already started planning bonuses, especially Guo Meng's bonus, which must not be less. She is the person with the greatest pressure in the entire company.

And if she can withstand the pressure this time, it should be no problem next time. It will be of great use to him.

If you search the entire market for this kind of experience in resisting pressure, you probably won’t be able to find another one.

If he misses this village, Guo Meng will not wait for him at the next store, so the grievance award must be given in full.

At three o'clock in the morning, the price of Bitcoin exceeded $15,000.

Almost as high as yesterday.

Li Yuan took a look at the instructions he had prepared and found that there was no deviation, and it was similar to what he was thinking at this time.

Anyway, as long as the price reaches 20,000 US dollars, he will start to reduce his position.

Make long orders first, then short orders. If you cooperate, you can earn a few more points.

You just can’t let your billion-dollar short position blow up.

It's just that he still doesn't understand why the dealer is so slow.

Pulling up bit by bit is to give those short orders a chance to run away. If this continues, they may not be able to reach the price of 20,000 US dollars.

Li Yuan didn't think there was something wrong with his thinking. The situation was contrary to his thinking, which meant that there was something behind it that he hadn't noticed.

Is there a possibility that this does not actually make the short order run away?

The thinking in Bitcoin is extremely complex, and it is impossible for him to grasp it accurately. It is just a deduction simulation.

The main thing is to keep an eye on the dealer's actions...

At around 4 a.m., the price of Bitcoin exceeded $16,000.

"Ahem..."

Li Yuan was really sleepy, so he lit a cigarette.

Then I choked to death.

But there is also an advantage, the whole person was sobered up immediately.

In addition, the stomach has finished digesting, and the blood supply to the whole body has returned to the brain.

Thinking back to some of his previous thoughts, he felt something was getting more and more wrong.

Sixteen thousand dollars, no doubt a lucrative position.

Qingtian Capital earned 45 points.

Because of the leverage, it is equivalent to earning 90 points on the principal.

At the beginning, he just wanted to buy a band, as long as he had twenty or thirty points, and then he would do more in it. Anyway, Bitcoin fluctuates enough, so if he controls his position and stays focused, it shouldn't be a problem.

Just entering the market broke the balance and was noticed by the funds inside.

Even though I have made a lot of money now, in fact it is not necessarily better than my previous plan.

Before, he was sure that he would be able to liquidate 10 billion US dollars within a month, but now... it is estimated to be a one-time transaction.

Even if it continues to fall, he does not dare to go short on a large scale. It is too dangerous to open large short orders.

The reason why he felt something was wrong was that he was too stable.

Both the banker and other participants are surprisingly stable.

And his previous guess lingered in his mind, becoming increasingly clear.

So he opened his account, used funds, and repaid the $50 million short contract.

After all, it is too dangerous to keep too many short orders in your hands. Even if you lose some money, you should pay it off first.

It was this fifty million US dollars that seemed to knock over a domino, instantly creating a stormy wave on the market.

He himself never thought it would be so outrageous.

Originally, fifty million US dollars was not a particularly large amount. In the current market situation, no one would even notice.

Before his short contract was completed, the price of Bitcoin suddenly rose to $17,000.

Compared with the usual increase of 20 to 30 points, it is not an exaggeration at present. After all, it is just backfilling yesterday's gap.

But it's only just begun.

Li Yuan seized the time and continued to sell a large number of short orders.

At this time, he himself turned into a bull, frantically sweeping up the chips on the market. In addition, the dealer was also eating chips, and the price soared.

Until the price of Bitcoin climbed to the level of 20,000 US dollars, Li Yuan did not spend much money. He spent all his money and went out to trade a contract of less than 300 million US dollars.

The liquidation line has moved up a bit. What was originally a liquidation of $20,000 has now become a liquidation of $20,600.

Compared with yesterday, Bitcoin has risen by 40 points today.

If you add in gap filling, it will be even more.

Just because the statistical time is different, the existence of the time difference is not displayed on the disk.

Many gaps have been eaten away by time.

Otherwise, today’s figure would have doubled.

Li Yuan stopped sleeping because he had to sell his long orders and add margin to his short orders.

Then on this basis, try to repay the short orders as much as possible and reduce the losses caused by the short orders.

He already knew the dealer's intentions.

Long orders don't matter to them, short orders are the data they value most.

Judging from the disk, the trading volume is not particularly outrageous, which shows that the number of short orders has been increasing.

If short orders are decreasing, trading volume will inevitably increase as the price increases.

After all, more and more positions are being liquidated...

There’s no way that the $6 billion in transactions in the past few hours didn’t involve bookmakers, right?

If there is no guidance from the banker, what is wrong with those short sellers? Will it be so?

Since the dealer is involved, the trading volume must be superimposed.

He shouldn't have eaten that meal.

After eating, the brain will become sluggish and the blood supply to the brain will be insufficient.

Although there is no physical discomfort, the brain is subconsciously lazy.

For example, professional players who play games basically play games on an empty stomach.

There are many professions where you can’t have enough to eat.

Fight for reaction, fight for skills.

Even table tennis players have to eat three hours in advance before the game.

Some subtle problems have been ignored by myself, otherwise they can be discovered in advance and save a lot of money.

Now it is almost impossible to repay the short orders in my hand. I can only let the price rise and keep adding margin.

The number of short orders on the market is absolutely staggering.

The dealer deliberately raised the price slowly and did not blow it up directly for everyone. The purpose was just to let more funds participate in short selling.

After all, some people dared to go short for only $10,000. Now it’s $14,000 or $15,000. Why don’t they dare to follow up?

Bitcoin cannot have such a high value! Only fools go long!

Therefore, the actual situation is that as Bitcoin rises, short orders not only do not decrease, but increase in number.

Just like GameStop a few years later.

It's just...the identities have been swapped.

At this time, the bankers are doing long and retail investors are short.