Carefree Tycoon

Supreme Sacred Ring, Carefree Tycoon!

In the 80s, a good-quality old Hainan Huanghuali round-backed armchair from the Qing Dynasty could be yours for just twenty yuan. Now, two million yuan o...

Chapter 236: Billions of Dollars

Yang Jing hadn't played with Bitcoin for more than two years, and he wasn't quite sure about the current trading situation, so after placing an order, he left the Internet cafe and took a taxi straight to the airport.

When Yang Jing was about to turn off his phone and get on the plane four hours later, he had sold more than 20,000 of the more than 30,000 bitcoins he had listed on the trading platform! The average transaction price was US$1.

Yang Jing also knew that the sell order he had placed was a bit large, and it would take some time for the market to consume such a large sell order at once. Bitcoin can be divided and bought and sold, and one Bitcoin can be divided into many.

Especially after entering 2017, the price of Bitcoin has skyrocketed, with the price of one Bitcoin reaching tens of thousands of dollars. Bitcoin enthusiasts may not have that much money to buy one Bitcoin, so it is common to see the buying and selling of a few bitcoins, or even a few tenths of a bitcoin, on trading platforms.

Now Yang Jing has placed a sell order for more than 30,000 coins at once. Even if we look at the entire Kraken trading platform, this is a huge order. It is inevitable that the market cannot absorb such a large sell order at once.

Moreover, Yang Jing's large selling order directly pushed down the price of Bitcoin a lot!

But no matter what, the more than one million dollars spent today has now returned more than 300 million dollars. Even if the remaining bitcoins cannot be sold, today is still a big profit...

What Yang Jing didn't know when he got on the plane was that when he placed the sell order, the entire Kraken trading platform went crazy! Even the backstage staff of the Kraken trading platform almost popped their eyes out.

Where did this guy come from to crash the market? Last week's sharp drop had already made the coin friends panic. Now that the market has finally improved a little, suddenly there is such a big sell order. Isn't this fatal?

However, when the backstage staff saw the registration information of Albert Young, they realized that the guy who crashed the market was actually one of the oldest bitcoin users. He had deposited more than 30,000 bitcoins into the platform's account as early as 2011, the year the platform was established, and he did not sell until now.

These backstage staff have only joined the platform in the past two years, so they naturally don’t recognize Yang Jing, the heavyweight celebrity account on the Kraken trading platform. If an old staff member saw Yang Jing’s account, he would definitely recognize it.

Bitcoin is a virtual currency, and every Bitcoin can be seen by anyone. It is like a banknote in a transparent glass bottle, which can be seen by anyone, but only the Bitcoin holder can take out the money in the glass bottle with the secret key, while others can only watch but not touch.

Bitcoin has been around for more than eight years since its birth. During this period, it experienced two sharp rises and falls in 2011 and 2013. Then, starting from 2016, the price of Bitcoin exceeded one thousand US dollars. This year, Bitcoin rushed to twenty thousand US dollars. Although it did not break through the twenty thousand US dollars mark, the price of more than nineteen thousand is also jaw-dropping.

As the price rises, the number of accounts holding large amounts of Bitcoin is decreasing. Just like when Hanyec exchanged 10,000 Bitcoins for two pizzas, that situation has basically disappeared since 2011. The appreciation of Bitcoin is one reason, but the main reason is that individuals do not hold such a large amount of Bitcoin.

Yang Jing's account, which he registered at the end of 2011, has become a star account on the Kraken trading platform since the second wave of bitcoin surge in 2013. The most important thing is that he has kept 100,000 bitcoins in this account. Even when bitcoin surged, there was no sign of selling the bitcoins in this account. Other people's accounts only have a few thousand bitcoins at most, and most people only have a few or a dozen bitcoins. Yang Jing's account with more than 30,000 bitcoins naturally became a star account on the Kraken trading platform.

This account has remained untouched for seven years, giving people the impression that it is a zombie account. Many people even maliciously speculated that the owner of this account had died or simply forgot the secret key.

As a result, this jaw-dropping situation happened today. The account that owns more than 30,000 bitcoins that everyone covets can stay still, but if it moves, it will explode like thunder!

More than 30,000 bitcoin sell orders were hanging high there, like a mountain, pressing everyone to the point of suffocation.

Bitcoin, which had already shown signs of rebounding, unexpectedly took a sharp turn and plunged due to this large sell order, causing countless people to curse at it.

However, Yang Jing, the instigator, was unaware of all this, as he was sleeping soundly on the plane. The six and a half hour flight was enough time for him to have a good sleep in the first class cabin.

The next morning, when Yang Jing appeared in front of Lin Dan, he asked in a daze: "Brother Yang, didn't you bring back two blond bobsleighs from Miami..."

Yang Jing smiled and gave this guy a brain-break, and said with a smile: "No, I did make a little money this time."

"You're awesome! You can make a little money by going to Miami. Brother, do you have any secrets? Teach me! I'm in a relationship right now and I need money urgently."

Yang Jing smiled and said, "I'm not going to Miami, I'm going to Jacksonville."

My dear, there is more to this chapter. Please click on the next page to continue reading. It’s even more exciting later!