比特币价格逼近7000元，暴涨缘于交易所狂刷交易量？

比特币价格进入新一轮暴涨，不断创新高的交易量却被曝出有猫腻——国内交易平台自己刷交易量的现象屡见不鲜。

Bitcoin prices have gone into a new boom, while the ever-higher volume of transactions exposed to innovation — domestic trading platforms often brush their own volumes.

根据国内比特币交易网站火币网的行情数据，12月30日比特币最高价已经达到人民币6930元，而29日已经达到6990元，10天内涨幅超过25%，逼近7000元大关，已经成为近三年的最高价。

According to information on the behaviour of the national Bitcoin trading website, the highest price of the bitcoin on 30 December had reached RMB 6930, while on 29 December it had reached RMB 6990, with an increase of more than 25 per cent in 10 days, reaching the closing threshold of RMB 7,000, which had been the highest in nearly three years.

比特币交易量近来也十分可观。根据比特币行业观察网站Bitcoinity的统计，比特币11月的全球交易额达到1.7471亿个比特币，按行情换算，约合8903亿元人民币，创历史新高。可以参考的是，澎湃新闻通过计算发现，目前全世界比特币的总数在1600万个左右。也就是说，平均每个比特币在11月被交易了10次以上。

bitcoin transactions have also been significant recently. According to Bitcoinity, the Bitcoin industry watch site, in November, the amount of Bitcoin's global transactions amounted to 174.7 million bitcoins, translated in terms of line, amounting to about RMB 89.03.0 million, a record high.

值得注意的是，业内人士透露，这些比特币交易约有一半在中国进行，而一家比特币交易所对澎湃新闻表示，12月底曾经有过单日交易额达到300亿元的纪录。

Notably, industry sources revealed that about half of these Bitcoin transactions took place in China, while a Bitcoin exchange reported news that a single-day transaction amounting to $30 billion had been recorded at the end of December.

为什么刷量？

Why did you do it?

一位业内人士对澎湃新闻表示，“刷量”在国内交易所比较普遍，主要目的有两个，一是“用漂亮的数据来吸引投资方”，另外就是让投资比特币的人将其当做可靠平台，起到一个“数据背书”的作用。

An insider said to the news that “brushing” was common in domestic exchanges, with two main objectives: “to attract investors with beautiful data” and “to use” it as a reliable platform for those who invested in Bitcoin as a “data endorsement”.

一位资深比特币投资者对澎湃新闻分析说，现在每个平台交易量都很高，有几个原因，“首先第一点，现在比特币暴涨，肯定会吸引一部分新的投资者，投资者肯定到交易量大的平台开户买卖，投资者开完户入金，这样平台就起到融资作用了；第二也起到一定的炒作作用，平台必定靠提现费赚钱，炒作好了大量的人群在里面买卖，他们可以赚不少提现费；第三，交易量的上升也会推高价格的，吸引更多人入局；第四，平台与平台之间也是有竞争的。”

According to a senior Bitcoin investor's analysis of the news, each platform now has a high volume of transactions for a number of reasons, “first of all, the current surge in bitcoin will certainly attract a number of new investors. Investors will certainly buy and sell to a high-volume platform, and investors will open their accounts, so that the platform will be able to finance it; second, it will also play a role as a peddler, and the platform will have to earn money on cash charges, which will be bought and sold by a large number of people, who will be able to do so; third, the increase in the volume of transactions will also raise prices and attract more people to the market; and fourth, there will be competition between the platform and the platform.”

在比特币论坛中，有人贴出国内某家比特币交易所的运营规则：每人每天比特币提现只允许提10个，提现金额限制在10万元人民币以内，但是该交易所有段时间宣称“交易量全球第一”，让他备感困惑，他怀疑该平台使用了“刷量”的手法。

At the Bitcoin Forum, he was disturbed by the posting of rules for the operation of a Bitcoin exchange in the country: only 10 bills per person per day were allowed, and cash withdrawals were limited to RMB 100,000 per day, but the transaction was declared “global first in volume” at all times, and he doubted the platform's use of “scaling”.

一位比特币交易所员工告诉澎湃新闻，通过程序化交易，很容易把交易量做得很高，其中一部分是比特币投资者高频交易的真实需求，另外一部分是平台为了提高交易量而刷量，也就是交易平台挂一个程序，设定某一账户只能与某固定账户交易，而这个固定交易对手就是本账户，从而形成了虚拟交易量，“因为比特币交易免费，各平台有提供交易接口，写好程序就可以按照指令进行交易。”

A Bitcoin exchange employee told the news that it was easy to do a high volume of transactions through procedural transactions, partly because of the real demand for high-frequency transactions by Bitcoin investors, and partly because of the platform's ability to do so in order to increase the volume of transactions, i.e. by placing a transaction platform on a program that allows an account to be traded only with a fixed account, and this fixed counterpart is this account, thus creating a virtual volume of transactions, “because the Bitcoin transaction is free of charge and the platforms provide interfaces so that the transaction can be carried out in accordance with instructions”.

这位员工表示，不同于传统金融，比特币交易没有手续费，所以高频交易没有成本。

The employee stated that, unlike traditional finance, Bitcoin transactions had no fees and therefore HF transactions had no cost.

刷量推高价格？

boosts prices?

对于刷量是否能够推高价格，以及这一轮的上涨跟刷量有无关系，多位人士对澎湃新闻表达了不同的观点。

Several people expressed different views on whether or not to push up prices and whether the increase in the round had anything to do with it.

其中，资深比特币投资者对澎湃新闻表示，刷量与比特币价格上涨成正相关关系，但影响不大。他认为，比特币价格上涨的原因是外部投资环境的变化，“楼市限购越来越厉害，股市行情不好，美元加息导致人民币贬值加速，特朗普召唤制造业回美国导致中国实体又不景气，雪上加霜，国家金融方面限制个人在银行多开户，这种情况下很多有钱人不知道自己的钱该往哪里去，在这个节骨眼上比特币暴涨，也是情有可原的，也是最佳时间点。”

Among them, senior Bitcoin investors said to the news that the brush was positively related to the price increase in Bitcoin, but with little impact. In his view, the price increase in Bitcoin was due to a change in the external investment climate, “the growing market restrictions, the bad stock market, the rapid devaluation of the renminbi as a result of the dollar appreciation, the failure of the Chinese entity as a result of Trump calling the manufacturing industry back to the United States, and the fact that the financial side of the country restricted individuals from opening their accounts in banks, in which case many rich people did not know where their money should go, and that the sharp rise in Bitcoin was also a natural and best point of time.”

而前文所述比特币交易所员工对此并不认可。他表示，程序化交易自比特币诞生以来就有，通过这种方式能提高交易量，但是并不能带动本轮价格上涨。

This was not accepted by the Bitcoin exchange employees mentioned earlier. He said that procedural transactions had taken place since the birth of Bitcoin, which would increase the volume of transactions in this way, but would not lead to an increase in the price of the current round.

“供需双方都存在程式化交易，他们根据策略和趋势来判断这个时候开始做多还是做空。量化交易是不会促使价格上涨的，有时候反而会导致价格下跌，因为机器人交易背后，是投资者对于投资品的价值预判，而不同人的判断是不一样的，”该员工表示。

“Programmatic transactions exist on both the supply and demand sides, and they judge whether or not to start at this time in terms of strategy and trends. Quantified transactions do not contribute to higher prices, but sometimes lead to lower prices, because behind robotic transactions are investors prejudging the value of the investment, and different people judge it differently,” said the employee.