On the following May 28, bitcoin continued to maintain violent price fluctuations, first falling from the opening price of $4.7 to $2.6, an intraday decline of -44.68%, and then began to rise wildly.

Its price rose from the lowest price of the day of $2.6 to the highest price of $10.7, achieving the maximum increase of +127.66% of the day, and from the lowest price of the day of $2.6, the theoretical unilateral long can reach +311.53% today.

The amplitude of the whole day also refreshed the peak of $52 on May 20 by 134.82%, reaching an astonishing amplitude of 172.34%.

It finally closed at $9.6, up +104.26% for the day, and after seven consecutive days of plunge, it finally ushered in a vengeful rally, and doubled its gain in one day.

Players in the currency circle shouted excitement!

Over the next three days, Bitcoin continued its bullish rally and continued to rebound, surging +33.33% on May 29, +14.98% on May 30, and +9.40% on the last day of the month, and the price of Bitcoin also recovered to $16.1.

However, the trading volume in the past few days can be gradually put down, and the trading volume of the whole day is basically maintained at about 10 million US dollars, because the trading team under Fang Hong has not frantically brushed the trading volume data.

Entering June, by Wednesday, June 1, Bitcoin, which had risen four times in a row, closed down -7.71% today.

The foreign currency circle is creating a news that "Mentougou" is about to launch the first short-selling tool of Bitcoin, and participants will be able to short Bitcoin.

The so-called "Mentougou" is the bitcoin trading platform Mt Gox, which is a small cryptocurrency exchange, because of the similar pronunciation, so it is jokingly called "Mentougou" by domestic currency players.

……

On Thursday, June 2, when bitcoin hit the $16.9 level on the same day, an increase of +14.19%, it suddenly began to take a big dive because the first short-selling tool for bitcoin was launched by the Mt Gox trading platform.

This cryptocurrency has officially ushered in the era of shorting.

Players in the currency circle are also very "sensible", as soon as the news spreads on the same day, they will explode a wave of chats to show respect, and on the same day, they will explode from the highest price of 16.9 yuan to the price of 4.7 US dollars again.

This is a -72.19% drop from the day's high and a -68.24% drop from the opening price.

Thrilling as always.

After Bitcoin fell to $4.7 during the session, it started a short-forcing rally of +104.25%, rushed up to $9.6, and finally closed at this level, closing down -35.13% for the day and 82.18% for the day.

After entering June, Fang Hong paid more attention to the trend of Bitcoin, the most important thing is to care about the 3.15 million Bitcoin chips he collected with so much effort.

The chips in Fang Hong's hand are not on the x trading platform, but there are a little chips, which are used to make a chip for the trend of Bitcoin, but the problem is not big, the corresponding value is less than 10 million US dollars, and during this time, you can go ashore first and take the US dollars first.

At present, Bitcoin has been engaged by Fang Hong, which has activated the speculative atmosphere of the market, and the trading atmosphere has been more than 100 times more active than last year, and the average daily trading in the past month can be maintained at the level of tens of millions of US dollars.

The first shorting tool came out and tasted the sweetness of shorting on the first day, and the players who shorted bitcoins were quickly hammered.

Because in the next three days from June 3 to 5, Bitcoin once again came out of the triple positive, rising by +10.34%, +18.94% and +49.24% respectively, and the price of Bitcoin soared to the height of $18.9, breaking through the highs of the previous few days' rally.

It then corrected for a day and fell -11.64% to close at $16.7.

But then, Bitcoin corrected and rose again for a day, and after rising +10.78% on June 7, it began to go crazy again in the next two days, and the bears' heads were knocked out.

Because two more new cryptocurrency trading platforms have been launched, expanding the scale of new leeks.

The trend of bitcoin soared by +52.08% and +39.33% on June 8 and June 9 respectively, the price closed at $39.2, and the total market capitalization exceeded $800 million, and the highest price once soared to $41.2, which gives people the meaning that they want to break through the previous high of $52.

This is what no one expected, in just 14 days, Bitcoin soared from $1.9 to $41.2, with a cumulative surge of +2068.42%, which has increased more than 20 times.

With such a surge, more and more people are optimistic about breaking through $52 to a record high.

However, in the next two days, bitcoin corrected downwards and fell by -2.52% and -7.71%, respectively.

On Saturday, June 11, Bitcoin crashed again, from the opening price of $35 to around $15, and was cut in half every day, and finally fell to $14.6, plummeting -58.28%.

……

Finally, it's time to come.

On June 20, the Mt Gox trading desk was attacked by hackers, who exploited the platform's security flaw to transfer offline stored bitcoins from "cold wallets", and a shocking market was staged, with a bitcoin actually selling for only one cent, compared to the previous normal market price of around $15.

On the same day, both domestic and foreign currency circles and forums exploded.

[Wori, I'm missing my bitcoins?] ]

[What happens when you step on a horse?] Why did my bitcoins sell for 1 cent? ]

[IS THERE A BUG IN THE DOOR HEAD DITCH?] ]

[Why can't you trade?] ]

[Explosive news abroad, Mentougou has been hacked, founder Mark Caples tweeted to call on users to change their passwords quickly, and the trading platform has been closed!] ]

[？？？？ ]

[Wo Ri——! ]

[In the latest news, Mark announced that today's transaction is an abnormal period transaction, and all batch transactions are invalid.] ]

[I woke up in the middle of the night and looked at the account of 20,000 US dollars and went straight to zero!] ]

[Many people have been recruited, and many people in the foreign currency circle have posted that Bitcoin has been stolen from their wallets!] ]

……

The next day, the news of the hacking of the Mt Gox trading platform was reported by many financial media in Europe and the United States, the encrypted digital currency trading platform founded in 2010, currently has more than 1 million registered users around the world, and the daily trading volume has reached millions of dollars.

This time it's really out of the coin circle.

Mark Caples, the founder of Mt Gox, immediately issued a statement saying that the funds are safe, and his management team has repeatedly guaranteed the safety of the platform's funds.

At present, X is still a giant in the Bitcoin market, and many people still believe that these problems are only temporary, and the founder of Mt Gox is also a highly respected figure in the cryptocurrency circle.

But this time, Mt Gox and cryptocurrencies are out of the circle in this way, and the security of digital currencies has also been questioned by investors.

A foreign media reporter asked the Mt Gox management team about how many bitcoins were lost and other specific data.

However, it was rejected by the Mt Gox management team on the grounds of troubleshooting system vulnerabilities and statistics.

Now, many people are still panicking.

Indicates that the amount of bitcoin stolen this time is large.

In fact, the Mt Gox management team knew about the stabbing this time, and the platform lost about 850,000 bitcoins in total, with about 750,000 coins from users and 100,000 coins from companies.

According to the current price of 15 US dollars / piece, the total value is 12.75 million US dollars.

For the X platform, although it is not bankrupt, it is also an unbearable huge loss.

The most important thing is a potential hidden danger here, once the bitcoin rises and the Mt Gox platform does not recover the lost bitcoin, what if the price rises to $1,500 per coin?

That's $1.275 billion, and I can't afford to lose money if I sell the Mt Gox platform.

……

(End of chapter)