Rebirth of England

It is conceivable that BitC's crazy upward trend has shocked those who came into contact with it at this time.

This wealth effect also made it go out of the circle for the first time and became known to more people. BitC's transactions also gradually expanded from the initial scope of a small circle.

But even so, the scale of this round of BitC’s bull market and the increment that has poured into it is not large compared to the subsequent bull markets.

After all, if you think about it, you will know that the amount of participating funds required to push its price from 10 to 1,000 is not at the same level as the amount of participating funds required for 1,000 to 10,000, and 10,000 to 100,000.

Behind every bull market price push of BitC, there is a basis for more participants to join. Even later, some technology giants and Wall Street capital began to join after its total scale reached a certain level.

By the time Barron was reborn in his previous life, it had even become one of the topics of the American election.

“Now the price of BitC has been a little too high, which is not conducive to future development...”

Lamy’s words were also based on his previous experience in participating in DS Group’s financial investments.

Nothing is too much, especially now, when BitC does not have enough participation scale, or in other words, it is only in the early stages of forming a "consensus". With the current scale of its trading users, it is not enough to support BitC above $1,200. price.

In other words, BitC’s high price must not be sustained for a period of time.

In fact, this is the same as stocks. Why can the price-to-earnings ratio of U.S. stock companies far exceed that of A-share listed companies?

It is true that the market value of a company can be raised in the short term through "capital speculation", and the more concentrated the shares of a company, the easier it is to raise it - because often a listed company only accounts for a small proportion of circulating shares in the secondary market, such as If it is 15%, it means that you can raise the share price of a company in the stock market without spending much money, and the market value of the corresponding company will quickly expand.

This is why many people say that market value is false.

But if you want to maintain this stock price for a long time, it will not be easy, because if you rise, other people can ride on the train without selling their own shares. Once the rising power is exhausted, it will be difficult to prevent others from profiting and leaving the market.

Unless you can convince others that this company, this stock, is indeed valuable, you are making "value investing"...

It can be said that the U.S. stock market gathers investors from all over the world and faces global investment funds. Therefore, companies listed there can obtain higher price-to-earnings ratios with the support of these funds.

Like the current BitC, if Matrix Capital and Distributed Foundation funds intervene on a large scale, the price of not to mention 1,200 US dollars, but even several thousand US dollars, is not impossible to speculate on - after all, the entire BitC trading plate is now Not big.

And in that crazy atmosphere, there are also people who have lost their minds and seek to get rich and rush in to take over the deals at high prices.

But as a result, they may be able to earn hundreds of millions of dollars, but BitC may be left with nothing but chicken feathers.

After such hype, if there is no follow-up incremental capital of sufficient scale, the price of BitC will be like a balloon, no matter how it is blown up, it will eventually disappear with a "bang".

In that case, if the price drops from a few thousand dollars to almost "zero", countless new investors will lose all their money, and BitC will truly become "a scam"...

But in the final analysis, this is not Barron's purpose - if it is just to make money, there is no need for him to dirty his hands for it.

His purpose is to let Kolo deeply participate in the development of the blockchain industry. Therefore, even the origin fund of Matrix Capital, which Lamy is responsible for, participated in the BitC hype, the scale of operations in this bull market has been restricted. I just don’t want the BitC hype to get out of control.

After the price of BitC rose rapidly and reached over 1,200 US dollars, distributed foundations with more than one million BitC also began to sell off part of the BitC to curb the rising price of BitC and reduce the price of BitC in this bull market. Control it within a relatively "healthy" range.

Of course, after this bull market, distributed foundations will also buy BitC after the price falls in a waterfall, and buy back the previously sold BitC shares, which can be regarded as holding down the price of BitC and preventing it from "accelerating the downhill slope." .

In Barron's previous life, he also had friends who had been exposed to BitC during this period. Later, after the price of BitC rose to the sky, he also discovered an interesting thing.

That is, many people who bought BitC in the early days when BitC only had tens or hundreds of Chinese dollars, almost all sold all the BitC when the price rose later. Very few people can keep BitC until the price of BitC is above that level. When calculated in tens of thousands of dollars.

And those people——

I will never buy BitC again! !

This is also easy to understand. You bought a pen for 1 yuan. It doesn't seem to be anything special. But one day it rises to 50 yuan a pen. Will you sell it?

Maybe not, but what if the price reaches 500 or 5,000?

Can you resist selling it?

What if it costs 50,000?

When you bought it, it looked like an ordinary gel pen!

What if the price dropped from 500 yuan to 100 yuan during the price increase; what if it dropped from 5,000 yuan to 1,000 or even 500 yuan?

Then one day, its price reaches 50,000 yuan, can you still hold on and not sell it?

You finally sold it, and felt that you bought it for one dollar and sold it for 50,000 yuan, which was a big profit!

Then one day, you found that its price was more than 700,000 yuan!

But you no longer have it, you sold it at 50,000 yuan.

Then the next question is, will you buy this pen at a price of more than 700,000 yuan?

You will never, even when you sold it at 50,000 yuan.

Because you really bought this pen at one dollar.

…

London, Neverland

When Mikhail just arrived here and was about to meet Dylan Ozdemi, he received a call from his subordinates.

"Boss, we have found the traces of those people again, but they don't seem to be special at the moment."

Mikhail frowned slightly and said:

"Keep keeping an eye on them. In addition, I need to know what they did or who they contacted during the time when they were out of our sight before..."

"This may not be easy, without letting them find out..."

He hesitated for a moment on the phone and asked:

"Since they may be CIA members, can't we find out what they are doing in London through MI6?"

Mikhail took a deep breath:

"This is what I am worried about. These people have not contacted MI6, let alone reported their mission. It seems that they definitely have something important to do."