The mad currency Bitcoin Mt.Gox a record high on the Toronto trading platform in Canada

November 27, "crazy money" Bitcoin in the Canadian trading platform in Toronto Mt.Gox record high, once reached 1020 U.S. dollars (RMB 6252). And in China, this madness has come a week ago. November 19, the value of Bitcoin soar. According to China's largest bit-currency trading platform Bitcoin China (BTCChina) data, The transaction price of the 18th Bitcoin is 3226.01 RMB per yuan, 19th, the rapid climb to 6570.88 yuan, the highest transaction price of 6989 yuan, only a day doubled, and if the value of the beginning of the year, the yuan appreciation of about 90 times times, become a well-deserved global appreciation of the fastest assets.

Bitcoin is crazy! This wave of crazy trend, of course, but also the smell of the sensitive Chinese "tyrants." Their aggressive entry is widely regarded as an important driver of Bitcoin's soaring.

Wenzhou businessman Admission Hype

As the most sensitive to the economic direction of the group, each wave of asset inflation behind, the total is not the figure of Wenzhou people. This round of Bitcoin frenzy, Wenzhou people also did not miss.

Lin Duanfang, a senior investment advisor in Shanghai and Wenzhou business community, has made many years of investment consultation for Wenzhou merchants. "At the beginning of this month, a lot of Wenzhou businessmen found me and consulted me about Bitcoin." To be honest, I didn't know what Bitcoin was and they forced me to ' make up ' Bitcoin. Wenzhou businessmen are the wolves on the economic hunting grounds, they are extremely sensitive to the bloody taste of money, this is praise, not criticism. In my interactions and consultations with them, they decided to invest in the market on a large scale. Lin Duanfang told the IT Times reporter.

On a heart-hopping 19th, Wenzhou merchants found Lin Duanfang and asked where to go. "I suggest that they throw out the bag for Ann at more than 6,000 yuan." To be honest, I'm not too optimistic about this virtual market. At present, many governments to the Bitcoin are watching, there are too many unknown factors, there are too many man-made speculation factors. The next two days, the price of Bitcoin fell a lot, this and Wenzhou people's speculation is not unrelated. ”

According to bitcoin China data, 20th, a bitcoin transaction price lowered to 5110 yuan, 21st fell to 4256 yuan. After this, and began to rebound, wandering stable in between 5000-6000 yuan, 27th, the average transaction price of 5642 yuan.

Catch up with this market, super-talented Wenzhou people. Claiming to be "burrowing animals," Shanghai full-time investors Zhang Weimin, because of the point, also made a big money. "I started playing bitcoin at the end of last year," he said. At that time, I found this new thing on a website in the United States, I got a mine machine ' digging '. Purely recreational, not too much, but also dug up dozens of coins, at the beginning of this year, but also to give others a few. ”

Last month, Zhang Weimin a hunch, bitcoin to move, and is a big movement. He immediately took a big price and started two mining machines to boost productivity and buy Bitcoin. Like the people in Wenzhou, he was also thrown at the highest point of more than 6,000 yuan, "at least doubled." However, Zhang Weimin told the IT Times Reporter: "I will not continue to do, just play one." After all, Bitcoin is different from gold and silver, too unreal. ”

"Die-hard fans" expect to rise 10,000 times times

In contrast to the busy bitcoin "passer", Bitcoin's "die-hard fans" are much more relaxed about the rally, because they believe that their long-term gains are mostly "in the currency". "The number 19th rally this day, I am not very excited, I know, nothing can be at this speed straight up, the back will inevitably fall." However, we are looking at the long-term trend, even if it falls in a short period of 90%, it does not mean much to us. "The promotion of the full-time bitcoin, Sina bloggers," The Prince of "the" it Times "reporter said. "The Prince," the end of last year, began to contact Bitcoin, with a price of about 100 yuan each to start a number of, now assets have appreciated dozens of times times.

Hu Yilin, a doctoral student in science and Technology at Peking University, is also a "die-hard fan" of Bitcoin. He in April this year, the first time with 200 yuan to buy one-fifth bitcoin, after the addition of tens of thousands of yuan, currently has 80 coins, the average price of five hundred or six hundred yuan. "This time I was like watching a play, very excited, but also did not want to throw away cash." I'm saving Bitcoin as a pension, not 1000 or 10,000 times times. "Hu Yilin said.

However, Hu Yilin also lived up to the wave, he was busy "moving bricks." "The price of Bitcoin on a domestic trading platform is more than $100 higher than a foreign platform," he said. First to foreign payment platform to convert the renminbi into U.S. dollars, and then to foreign Bitcoin trading platform to buy Bitcoin, and then to sell on the domestic trading platform, can make a lot of difference. Hu Yilin So "moved" a day down, earning about 20%. However, in recent days, the price difference between the Chinese and foreign plates has narrowed markedly, and the profit of "moving bricks" has almost disappeared.

"It's a season for moving bricks," he said. "Known as Bitcoin the first from the media Sina blogger" Yangyang interviewed recently has been observing the domestic situation, she found that these days, "moving bricks" many, and even formed a domestic and foreign team cooperation, "generally have more than 30% of the profit." ”

Deep reading

Why is bitcoin so red?

A "tyrants" can manipulate market capitalisation.

November 19 Morning (U.S. time 18th afternoon) The United States Senate for the first time in the virtual currency hearings. At the hearing, representatives of the U.S. Department of Justice and the Securities and Exchange Commission said bitcoin was a legitimate financial instrument. In a letter to the Senate, former Fed chairman Ben Bernanke said: "While the Fed usually monitors innovations in the virtual currency and other payment systems, there is no need for direct intervention and regulation, and we should provide them with relatively free markets." ”

"That's great news. The U.S. government's attitude towards Bitcoin is the focus of the market. This means that there is no longer legal risk in the United States, and the argument that Bitcoin is a MLM is self-defeating. Analysis of "The Prince of violence".

On the other hand, China's "tyrants" is also considered an important driver of Bitcoin's price frenzy. "Chinese buyers have been on a massive scale for two months," he said. Two months ago, the price of bitcoin was around thousand yuan, and by the end of October it had arrived at 2600 yuan. Since November, domestic prices are much higher than abroad, domestic trading platform volume also soared. 18th this day, the volume of the state disk amounted to more than 85,000, breaking the all-time high, Toronto Mt. Gox turnover is only 39,000. 19th, the national plate rose to more than 90,000 turnover. All this means that domestic buyers have increased and demand has soared. "Yangyang Interview" analysis.

"The Prince" also noted that the OTC market, in the last two or three months there are many Chinese buyers in bulk buying. "Someone buys thousands of coins at a draught, it is obvious that the big one is more." ”

November 4, bitcoin China has replaced Mt. Gox, the first big Bitcoin trading platform, is also evidence. Several of China's largest Bitcoin trading platforms are said to have accounted for half the world's volume.

In Hu Yilin's view, the total plate of bitcoin is still small, but currently it is only 10 billion U.S. dollars, easy to be manipulated, but also make the value of the soaring, plunging all seem normal. "A small business may be worth more than the total plate of bitcoin, so a ' tyrants ' could manipulate the value of the currency," he said. Price hurricane, very likely some people Republicans, just is Zhuang big Zhuang small, how to game problem. ”

In addition, some industry analysts said that in the past few months, a lot of Bitcoin-related start-ups have taken venture capital; more and more businesses are starting to accept Bitcoin, and the list is getting longer every day, and more and more people are debating and caring about Bitcoin, which is the reason for the rise in bitcoin. "This sort of thing gets everything once it gets the eye." ”

Can bitcoin be a real currency?

The probability of becoming a mainstream means of payment is only 20%.

On the November 20, Yi Gang, vice president of the People's bank, first talked about Bitcoin. He said that from the People's Bank's perspective, it is not possible to recognise the legality of Bitcoin in the near future. But he also believes that the average citizen has the freedom to participate as an Internet trader. Bitcoin is "very characteristic" and "enlightening", and individuals will maintain long-term concerns.

"It is now clear that more and more places are accepting Bitcoin as a means of payment, which is very beneficial to the growing value of its currency." The US winklevosses two brothers predicted that the value of Bitcoin would rise to 40,000 dollars, and I think the odds are very high. An increase in the value of the currency will make the total coin plate bigger, so that its exchange rate stabilized, more people accepted. "The Prince of a violent walk" is very optimistic about the future of Bitcoin.

Admittedly, the main value of Bitcoin is still only an investment. However, the practical value is too weak and has no legal status so that it is faced with a large regulatory risk, the security of the platform is lack of security, also make Bitcoin investment face many uncertain factors. "The risk of the penny is huge, I think it is only about 20% of the world's mainstream means of payment, and far from being successful, there are a number of factors that could make it premature," he admits. I do not recommend the General People's Congress to invest in bitcoin. ”

In the opinion of Chong, assistant dean of the School of Finance and Finance of Renmin University of China, bitcoin is fixed by the amount of supply, and the development of Internet finance makes its demand have a big growth space in the future, in the condition of imbalance of supply and demand, it is possible to add value continuously. However, it is not possible to replace the legal tender of countries, even if it obtains legitimacy, it will be confined to specific areas and will not become a universal clearing tool. "It will only have a very marginal impact on the entire monetary system," he said. ”

"Whether there is really a so-called market is also a problem." How many people would be willing to take out a deal when everyone thinks it's going to rise? It may have a very high price, but the price is imaginary. ”