Chapter 220 Can’t understand English
It is difficult to increase the number of chips in their hands, but the chips will be converted.
Originally, only 30% was lent out, which was within their acceptable range.
Now it has directly become 50% or even more.
Even though the price of Bitcoin is over 50,000 US dollars, in fact, the money in it is not even 150 billion.
Based on a total of 21 million coins, the market value exceeds one trillion.
Based on the 13 million coins currently mined, the market value is also 650 billion.
As the largest bookmaker, they can still gamble!
But it was only a few hours.
If all the short orders cannot be completely killed in these few hours, the follow-up will be particularly troublesome.
It attracts too much attention. Once word spreads across the Internet that it cannot be shorted, it will create fear in people.
The price is over 50,000 US dollars, can’t it be shorted? What a waste of time to participate!
Without anyone participating, it means they can’t make money, and in the end all the chips will fall into their own hands.
Expand the current short orders as soon as possible, then lower the price, restore the short selling channel, and let more funds participate. This must be done.
Otherwise, if all the short orders are taken, they will not make any money. At most, they will not lose much.
After planning for so long and mobilizing so much money, they couldn't accept this situation.
So... do it!
They began to mobilize funds and continue to increase...
As for the National Fund, even though it was already three o'clock in the morning, five or six people were still sitting in a small room.
Everyone was smoking, and even though the exhaust system was running, the whole room still looked smoky.
A big screen hung in front of them with the price of Bitcoin on it.
When they saw Bitcoin reaching 50,000 US dollars, they already had quick-acting heart-saving pills in their hands.
Because going a little higher means that Qingtian Capital will be liquidated.
Fortunately, a large amount of funds suddenly came out in the middle, and a lot of chips were handed out to those guys who were forced to liquidate their positions, stabilizing the price.
The situation is much better than it was at the beginning, but the whole situation is still not good.
The big bankers inside are obviously determined to blow up Qingtian Capital.
At this moment, there was a knock on the door outside.
After a few sounds, the door was opened.
A young man said: "Several leaders have just received the news that all major platforms have closed the Bitcoin short-selling channels, including Morgan."
As soon as he said this, he stood up with a hot temper.
"This is just being a hooligan!"
There is no short-selling channel, which means that Qingtian Capital has no helpers at all.
No matter how powerful Li Yuan was, he could only stare blankly at this moment.
"You don't even have any shame!"
They had never been so angry.
Originally, Qingtian Capital had already won and only needed to sell the contract, but in the end, it was tricked.
Now turning from long to short was a choice made out of desperation. Originally, I just wanted to get back part of the profits, but the other party still didn't give me a chance.
In a board game, winning or losing is naturally willing to accept defeat, but the last time the off-board moves were used up, now they are here again?
Selling contracts was not allowed before, but now short selling is not allowed.
Why don’t you just rob these bullies from Western capital?
Everyone's expressions were ugly, but some people didn't express their feelings.
Not being able to go short means that there is almost no force that can suppress it.
The liquidation of Qingtian Capital is inevitable.
If the banker does not immediately take the chips after the liquidation, it will also cause all the short orders in the hands of Qingtian Capital to be converted into long orders, raising the price crazily and causing losses.
"I'm afraid I really have to make up the money..."
"If they dare to play like this, don't blame us for not giving them face! I don't believe it. People have done it like this and they don't have an explanation!"
The worst thing is that you are shameless!
The worst case scenario is that standing up in the name of a major national fund will result in nothing more than being punished, which will make many people feel unbalanced and damage some credibility.
After all, it is officially forbidden to play with virtual currency, but he ended up doing it himself.
There are bound to be some people who feel that the authorities are blocking their way to wealth.
Just like a stock that has clearly issued a risk warning, if the stock price continues to rise, the village chief will be scolded for delaying making money.
In fact, those people are like leeks everywhere, but swearing can make excuses for themselves.
"Hey, let's raise money for Li Yuan first, and then let him have a good rest. I'm not afraid of losing money, but I'm afraid it will damage his confidence. After all, he has never lost money since he entered the industry, let alone He has lost so much. In the financial market, the most fearful thing is to have self-doubt. Once this kind of doubt arises, he will be timid in subsequent trading, and it will be difficult for him to achieve success again."
"Well, let's prepare 10 billion US dollars first. The blame this time will fall on a few of us. Let's save Li Yuan first."
It's not that they treat Li Yuan well, it's that they can't shirk the blame even if they want to.
Apart from them, who can bear the loss of at least tens of billions of dollars?
Dump it to Li Yuan?
Wouldn't that mean breaking the lame man's good leg?
Do you still want to cooperate in the future?
"Then I'll mobilize the funds."
"I'll go too, I don't want to stay here anymore."
"Together together..."
Finally, there was only one person sitting there in the whole room.
He had a wry smile on his face.
Facing the upcoming liquidation, he didn't want to look at it, but it was a pity that he was too slow to speak.
We can't all leave, right? What does that sound like?
…
Morgan is actively contacting its partners.
At the same time, funds are also being mobilized on a large scale.
As their funds are gradually received, the price of Bitcoin is slowly rising.
It soon topped $51,000.
At this position, we encountered considerable resistance. It took an hour and more than 10 billion U.S. dollars to get through.
This has exceeded their budget.
They initially thought that US$20 billion would be enough to raise the price from 50,000 to 60,000, but now they have already consumed more than half of the funds without even taking the first step.
Then it broke through to $52,000 with little resistance.
This reassures them a lot. Perhaps most of the chips are concentrated in this area, and the next step will be much smoother.
Unfortunately, this idea did not last long, and they soon encountered resistance again.
For two full hours, nearly 30 billion U.S. dollars were traded, but they failed to break through the 52,000 U.S. dollars level.
Short orders can no longer be opened, and the current chips are basically the long orders held before.
How could there be so many chips!
Are the chips they control fake?
More than 50 billion US dollars, converted according to the current price ratio, that is 7%!
In the entire market, where can you find someone who accounts for 7% of existing Bitcoins?
That’s a full million Bitcoins.
How can so many of their data analysts make such a big deviation?
They had doubts midway, but they were really just a little short of success.
They are full of confidence and can definitely blow up those short orders.
They believe in data, because in this world, data cannot lie!
As more and more of their funds were consumed, the frequency of transactions on the entire disk was visibly reduced.
Today’s transaction volume has exceeded 100 billion...
This is because the 32 billion from Morgan and Qingtian Capital have not been included.
From this we can see how much chips the banker behind Bitcoin holds.
The money spent today is more than all the previous ones combined.
Although most of it is loaned out, how much can be returned?
If the price does not rise, the funds returned will be much less than the funds lent.
They know that the price of Bitcoin must not fall!
I have to keep taking money!
They can still come up with money, even if they borrow some other funds, they can come up with another 40 to 50 billion US dollars.
And just when this decision was conveyed, a piece of data appeared in front of them.
They currently hold 120% of Bitcoins.
Excluding the 50% lent out, the chips held actually account for 70% of the current number of Bitcoins.
Damn this data!
There was a roar in the office.
There are obviously 38% dead links!
This data cannot be faked!
How many times did they go through confirmations and how long did they collect information before they dared to give this data?
In other words, they can only hold 62% of the chips at most. Even if they eat up all the floating chips on the market, they cannot exceed 70%.
Which link did the problem occur?
Not only Morgan, but the rest of them were confused.
Seeing this data, they temporarily stopped thinking about mobilizing funds. Without checking it out, there was no point in continuing to throw money into it.
Because it will soon become a game for them alone. Whose money will they make?
Another two or three hours passed, and pieces of data began to appear...
After seeing those data, everyone's faces turned red.
They forget that more than 40,000 Bitcoins are mined every day...
It’s not that they have forgotten it, it’s just that compared to the entire volume, they put this data into normal data growth from the beginning.
Because the daily increase is only 0.3%, which is nothing compared to the fluctuations of Bitcoin.
Even if you enter the market, it will not have any impact on the control.
After three or four months of trading, they have further confirmed this point. The bitcoins produced every day have actually become a catalyst, preventing the entire market from losing vitality due to market control.
Who knew that within a few months, the data would deviate so much?
Originally, the deviation of seven points was acceptable to them because it still did not affect their control.
But as they have more and more chips in their hands, and when they urgently need to cash out, those seven-point chips become their talisman.
"We should have eaten up all the chips on the market now, right?"
They were thinking in their minds.
Reality has begun to tell them the answer.
The price of Bitcoin was smashed.
Their follow-up funds failed to keep up, and they poured out hundreds of millions of dollars in chips. They quickly broke the position of $52,000, and quickly dropped to $51,000, and then $50,000.
When pulling, it is as difficult as climbing to the sky.
When I smashed it, it was so easy...
Reality tells them that more than...
No one knows how many chips are left, unless they are ruthless and put in all the dead link data, and then plan funds based on this data.
But then...Morgan couldn't afford that much money. Even with all their partners, they can't come up with it.
There are still five or six days before New Year's Day. They need to make a lot of settlements and it is impossible to come up with another one or two hundred billion.
Including the nearly 200 billion currently invested, more than 150 billion will need to be taken out in the next few days.
They have planned well, and everything will come back after they close the empty orders.
Calculated based on 50% of short orders, as long as the price of Bitcoin is raised to more than 60,000, they can recover US$200 billion in funds.
Excluding the 100 billion borrowed, the other 100 billion can be used as the cost of their holding chips. When the time comes, they still have so many chips in hand, and they can earn as much as they sell.
As New Year’s Day approaches, the global financial settlement system is very busy.
Morgan just wants to launch a big business in the last few days of the year, earn tens of billions of dollars, whitewash this year's financial report, and attract more funds next year.
Now I'm stuck...
Bitcoin prices are still falling.
The chips began to pour out as if they were endless.
It has already exceeded 7%, and is even close to exceeding 10%.
The more this happens, the less confident Morgan and the others feel.
How many chips are still left?
Could it be that all the dead links have been cracked?
They had obviously arranged for people to do the test a long time ago, and it was impossible for the dead link to be cracked.
Has anyone discovered the USB flash drive from a few years ago again? And then hundreds of thousands of Bitcoins were found inside?
Is this really possible?
Bitcoin price drops below $49,000…
Everyone is anxious...
These partners are reliable people and will not betray them at this time.
But this matter is led by Morgan, and they need to give an explanation.
To advance or to retreat...
"Boss, we can't track the $40 billion in short orders and can't make restrictions."
This is what troubles Morgan the most.
They can only restrict accounts, but cannot restrict their own systems.
Once your own system is restricted, your own people will not be able to trade.
And it restricts the entire system and purely destroys the brand.
The Morgan brand is worth US$500 billion.
The previous restrictions on opening short orders limited some system functions, and they could find excuses to make excuses.
Such as running out of chips or something like that...
If you fail to open a short order, you will only be scolded, which is not particularly embarrassing in the world.
The other party's short order has been established and will be converted into a long order at any time.
If you can't open more orders, it will make you laughable.
They didn't expect that the situation would turn into this.
"can not be reached?"
"You can contact me, but the other party can't get through."
Well, after all, Chen Jie is still in the detention center.
"Then contact Qingtian Capital. We want the funds from Qingtian Capital."
Prices are falling and funds are more important than chips.
Qingtian Capital still has 32 billion U.S. dollars in hand. As long as part of it can be recovered, there is still room for resolution of the matter.
No matter what happens, they can use the recovered money to continue to raise prices...
"Boss, what price should we negotiate with the other party?"
"10%, the position of 31,500 US dollars gave them a profit, and the overall profit was 3.2 billion US dollars."
"Okay, boss..."
Five minutes later, the communication employee came back.
"Boss, the receptionist at Qingtian Capital cannot understand English..."