Bitcoin enters "skyrocketing mode" and 90% of investors "make a quick buck and leave"

Wang Yale, a reporter from Jin Securities

"It's still the same!" Crazy Bitcoin is back!

According to information provided by Huobi.com, the largest Bitcoin trading platform in China, the price of Bitcoin surged to 5,179 yuan yesterday, reaching a 28- month high. According to statistics from the reporter of "Golden Securities", the price of Bitcoin has increased by 18.9% this week , 80.3% in 30 days , and 120.3% since the beginning of this year ! However, behind the crazy data is the mentality of many investors to "speculate and leave". Experts remind that Bitcoin is still in a blank area of ​​supervision in China, and investors are advised not to enter rashly.

Crazy price rise

"When I woke up, there were several hundred more in my account." Bitcoin player Wang Lin (pseudonym) told the reporter of "Golden Securities". Wang Lin was in a good mood recently. Although he did not gain much in A- shares, he got a lot of surprises in Bitcoin. " It entered a surge mode at the end of May , and many people around me started playing this."

According to Huobi.com data, the price of Bitcoin surged to 5,179 yuan yesterday, reaching a 28- month high. In the past 30 days, the increase in Bitcoin has reached 80.3% . According to statistics from the reporter of "Golden Securities", in 2013 , when Bitcoin was on the rise, the price of Bitcoin once exceeded 8,000 yuan. However, as the market gradually stabilized and many central banks gave their own regulatory attitudes towards Bitcoin, the price of Bitcoin fell all the way, even falling to 933 yuan in January last year . Since the beginning of this year, the enthusiasm of domestic players has been ignited again. As of yesterday, compared with the lowest price of 900 yuan in January last year , the increase in Bitcoin has reached 475% . Wang Lin said, "It's still the same! It feels like I'm back to the days of the previous surge. I hope the price of Bitcoin will soar for a while!"

Huobi.com co-founder Du Jun told the reporter of Golden Securities that the recent surge in Bitcoin prices is due to the halving of Bitcoin production next month. "Changes in supply and demand have caused Bitcoin prices to rise. In addition, digital currencies and the blockchain technology behind Bitcoin have been widely recognized around the world in the past year. Countries have also enacted legislation and supervision on Bitcoin, which has brought a better social environment for the development of Bitcoin. In addition, the financial market is not very prosperous this year, and funds are looking for new outlets."

“Make a quick buck and leave”

The rocket-like rise in the price of Bitcoin has made investors smell the scent of money, and they have flocked to various platforms. "In the past month, our registered users have soared 5 times, and the transaction volume has also increased by more than 3 times. Currently, the number of users is close to 2 million." Du Jun gave the reporter of "Golden Securities" data showing that in the past month, more than 63% of users have turned from investing in stocks, precious metals, foreign exchange and other investment products to Bitcoin, and 80% of users are optimistic about the future market. However, he said, "90% of customers come with the attitude of 'speculating' and leaving, buying at a low price and selling at a high price to earn the difference. Only 13% of users are really optimistic about Bitcoin and buy Bitcoin as a safe-haven asset. Most of them are old players who have been paying attention to Bitcoin in 2012 and 2013 and have held it for a long time."

Du Jun believes that before the news of the halving is digested by the market, the price of Bitcoin will "continue to fluctuate for a while", but the previous plunge cannot be ruled out. "At present, the Bitcoin trading volume in China has accounted for more than 80% of the global total trading volume , but the country's attitude towards Bitcoin has not changed fundamentally. Bitcoin is still in a blank area of ​​supervision in China, and there is no support. There are many uncertain factors. Buying high and following the trend is the most dangerous. Bitcoin rises quickly and falls quickly. Investors should choose carefully and pay attention to asset allocation in wealth."