English
50337
|
Click on the blue font "Blockchain Detective" above to follow the public account If you want to understand blockchain, just focus on this  Blockchain Detective (ID: qqtanzhang) Text | Three-Eyed Crow Source | 31 degrees north latitude Last night, many people may not have slept.  On the three major exchanges, the price of ETH fell by US$400, and bears accounted for nearly 80%. In the eyes of ordinary people, this may just be a natural manifestation of a bear market. But that's not the case at all. This was essentially a savage harvest that lasted for four months and was beyond everyone's imagination, harvesting the world.  You can find out if you look carefully at the ETH trend chart. From November 24 last year to the early morning of March 29 today, the price fell back to around $400, and a perfect harvest began to close the loop. The power behind it, the financial strength, and the hunting patience are far beyond everyone's imagination. This perfect harvest using ETH shocked the world. Possibly by this weekend. These big-money manipulators were already in a corner of a certain rooftop, overlooking all living beings, with a sneer on their lips.  The return of ETH value Before uncovering this shady story, let us first take a look at the development history of Ethereum, and we will find that the price of Ethereum has never been high. Its prototype appeared in 2014, when it was still the era when the Bit Cult dominated the world. At that time, V God was almost not favored by any domestic big shots. It is said that V God and Li Xiaolai met once, but a young man who was only 18 or 19 years old looked like a drug addict and was not favored. But in the end, Shen Bo of Wanxiang Group, with his unique insight, extended an olive branch to Buterin. At that time, the price cost of Ethereum was only 2 yuan. However, Ethereum is still not favored by everyone. It is considered a copycat technology and is nothing more than trying to gain popularity. In the second half of 2015, there were rumors that Ethereum was bankrupt. At that time, Ethereum fell the worst, almost falling back to its issue price. But Buterin’s courage and organizational skills are very strong, and he is quite calm. The Ethereum Fund has also been developing steadily. This caused the price of Ethereum to rebound. In 2016, the price of Ethereum began to rise, rising to tens of yuan. But there was an episode in the middle that everyone knows, which is the DAO incident. ETH was mainly responsible for the DAO hacking incident, which caused fierce debate in the community and eventually bifurcated into two chains, ETH and ETC. From 2016 to February 2017, the price of Ether hovered between 40 and 90 yuan. What really made Ethereum popular was ICO. Ether, as the easiest application to mint money, has quickly become the standard currency of ICO. It is very convenient to use it to send and receive coins, and it can be done in one step. And this has a self-evident effect: the more people use it, the higher the price rises.； The higher the price, the more people use it. Since March last year, Ethereum has been skyrocketing. From 300 yuan, it rose to 2,800 yuan in June last year, when ICO was at its peak. This price was inflated by the ICO. Ethereum also surpassed Litecoin and secured its second position. With the support of ICO, 2,500~2,800 yuan has become a stable price. But a global harvest plan also began to be brewed at that time. Signs emerged at the end of November last year. The battle of patience The ups and downs that have lasted nearly five months have been abnormal from the beginning. What is the nature of Bitcoin’s rise? It’s the number of people and circulation. For example, three or four years ago, there were about 300,000 domestic coin players, but now the number may have increased tenfold. This is the logic of digital currency appreciation. But this surge in ETH is completely illogical. Neither the value of the smart contract nor its own user base has increased significantly. It is very obvious that this is an act of forcibly injecting large external funds to increase high liquidity in the short term. But 2 months later, the funds have been withdrawn and the price has naturally returned. The manipulation here is very brutal. The logic is not complicated. The manipulator uses public funds to buy short positions, and privately uses funds to buy high prices first, and then sells them, making money on both sides. For example, the futures market is currently $20,000, and the manipulator is shorting $8,000. This is obviously not true as prices are currently very high. But before he went short, he had actually bought a lot of stocks. For example, he might have bought them at 6,000 US dollars, so that he would have enough capital to increase the price. After that, he immediately deposited, say, 3 million Bitcoins, plus a large sum of money, entered the futures market, and began to increase the price of the currency. It is easiest for the currency circle to follow the trend, and after it rises, it will skyrocket. Chives were bought crazily, driving the price to a peak. In this way, the harvest plan is half successful. Next, the manipulator will sell the currency when the price is 20,000 US dollars, and the order will be successfully taken over. At the same time, go short in the futures market. Next, there is only one goal left, which is to drop the price back to 8,000 US dollars and successfully short-sell, thus gaining another big piece of fat. Looking at the ETH trend chart, it is easy to find that it is the result of human manipulation. If it is market behavior, it should be a slowly changing state, not a waterfall decline. If you play in the stock market, you know that this is obviously market control. Under normal circumstances, you will definitely be investigated: Where is the source of the funds and why are you doing this? But this is an ownerless market. There are bandits and people, and there is no supervision. They can smash whatever they want. Of course, all markets will repair themselves. There are always people who think they can buy the bottom, so there will be signs of rebound. But the futures master behind it can go long in the opposite direction after the rebound, and then short in the opposite direction, and the harvest is quite bloody. Who is the person in the dark? There is no conclusive evidence, but people in the industry believe it is the wealthy people on Wall Street. This is also reasonable. Wall Street has always accumulated a lot of wealth by cutting leeks around the world. As early as 2011 in the international gold market, Wall Street was making a lot of money by cutting leeks around the world. ； In 2008, the U.S. subprime mortgage crisis triggered the global financial crisis. Wall Street heavily speculated on gold during the Fed's QE quantitative easing, and then gradually withdrew profits at high levels. In the past, Wall Street was not so bold in digital currencies because formal capital could not buy a digital currency because it was an illegal asset. But now that the United States has futures, it can buy short without the need for a long-lasting digital currency. And this harvest is a drama that has spread all over the world. Many people in Japan and South Korea are also in misery. News revealed that a college student in South Korea was suspected of jumping off a building.  Who are these harvesters? It’s the traditional venture capital funds, institutions, companies, aunts and some new leeks that made a mad rush in the second half of last year. For example, on January 9th, Xu Xiaoping All in Blockchain, those who entered the market to buy coins all bought at high prices. This is a proactive leek, a typical example of successful quilting. To those hiding in the depths, this is a bunch of wild bosses. The manipulators behind this group not only have funds, but also have a higher-dimensional perspective. For experienced stock market traders, the currency circle is a low-allocation, simple, and very elementary stock market. Leek is stupid and rich, a rare fat man. If it can be harvested, why refuse? The reason for the sharp drop last night is because the last Friday in March is the delivery day of CME futures. This further confirms that big money has invested in short futures, which is solid evidence. Today's currency circle has been looted, and the manipulators behind it have also sucked up enough blood. They stand in the dark, not fishing all the time, but waiting for the leeks to grow again. At that time, the drama will begin again. Excellent articles ■Blockchain mobile phone may be the biggest joke this year ■Although mining is "cooling down", smart mining machine merchants are "making a fortune"” ■From owing 150 million in debt to becoming the founder of a company, why do I always believe in blockchain? | Li Yan talks to Zhao Dong ■ EOS Super Node Voting: National War in the Currency Circle with “Hundreds of Billions” of Profits ■The vice president resigned and speculated in currency, from making a profit of 1.6 million to owing the bank 200,000 ■“After the September 4th Storm, Chinese blockchain companies went overseas to continue their lives. Where is the next "New World"?” Blockchain Detective (ID: qqtanzhang) is a professional reporting platform under Tencent Technology that focuses on blockchain. We are committed to providing the most professional blockchain reporting with vivid and lively text. Everyone is welcome to contribute. If you have any blockchain projects and related news, you can also contact us. Email: Sherwinwang@tencent.com  |
|
|
|
|
|
