Bitcoin rose by 1,000 yuan in a week, and investors said it was difficult to stay together forever

     Changsha Evening News (Reporter Zhang Yu) 3,000 yuan, 3,500 yuan, 4,000 yuan, 4,500 yuan... In the past month, the price of the extremely popular virtual currency, Bitcoin, has been rising like the box office of the latest blockbuster "Warcraft", with the largest increase exceeding 73%. Especially after the surge at the end of May, when all parties in the market were still discussing whether the 4,000 yuan integer mark would become the "ceiling", Bitcoin pulled out a super long positive line with a daily increase of 13.61% on June 12, opening a new round of rising market, and yesterday it even hit the 5,000 yuan mark.

Investors: Prices are rising step by step and it is difficult to operate

"I haven't seen you for a week, and it's gone up by another 1,000 yuan! It's gone so fast that I'm afraid it's hard for small investors like me to stay together." In the online financial management group, the hot Bitcoin has naturally become the focus of the group chat. An investor lamented that he thought he made a lot of money in the market in May, but he didn't expect to just eat the head of the fish, and the fattest middle part was in June. The investor said that if the price of Bitcoin fluctuates in a wide range, he may still participate appropriately, but if it continues to rise strongly, the cost will be pushed up step by step, which will not be easy to operate.

It is understood that Bitcoin, a virtual currency that does not rely on the issuance of a specific monetary institution, was proposed in 2009. After entering China, it quickly attracted the attention of investors and speculators, and the price also experienced several rounds of "roller coaster" trends. The most violent fluctuation occurred at the end of 2013. In November of that year, the monthly increase of Bitcoin was as high as 473.63%, and the price reached a "sky-high price" of 8,000 yuan. In the following December, Bitcoin once plummeted to 2,119.99 yuan, and then entered a long "bear road", falling to a minimum of 900 yuan in January 2015. After almost experiencing silence throughout 2015, Bitcoin finally couldn't stand the loneliness at the end of the year and began to jump up and down, which also laid the groundwork for the recent hot market.

Looking at the market outlook: There is still a bright future for taking advantage of the situation

The reporter logged into Huobi.com, the largest Bitcoin trading platform in China, and saw that the trading was very hot. As of 20:00 yesterday, the daily transaction amount had exceeded 2.5 billion yuan. If "Bitcoin" is regarded as a stock, its transaction amount can rank among the top three A-shares in the Shanghai Stock Exchange.

The quotes from June 9 to 16 showed that the lowest price of Bitcoin was 3,775 yuan, and yesterday it rose to 4,979 yuan, the highest price since March 2014. The reporter noticed that compared with the huge volume during the rise from May 27 to 29 (daily transaction amounts were 4.3 billion yuan, 5 billion yuan and 6.1 billion yuan respectively), the recent transaction amount of more than 2 billion yuan is obviously a decrease, which shows that the holders are still unwilling to sell in large quantities, and the bullish sentiment is still high.

However, ups and downs are the norm in the capital market. There is no market that only goes up and never goes down. Even the hot Bitcoin today cannot escape the market rules. In this regard, Xu Mingxing, CEO of Bitcoin trading platform OKCoin, reminded investors that Bitcoin investment has both high risks and high returns, which requires careful and self-disciplined control. A regulator at the Changsha Central Branch of the People's Bank of China said that due to the lack of effective supervision of Bitcoin investment, there are great uncertainties in its trading mechanism, market risks, and investor management, especially some trading platforms and investors use leveraged trading, which is prone to huge risks of forced liquidation.