Life in the world of film and television

Chapter 11 Harvesting and Shorting

As soon as he returned to the United States, his colleague Liu Feng sent a message that he was on the list of layoffs announced by the company.

Li Mu smiled and didn't care, he came to the company the next day, packed his things, went through the resignation procedures, and received compensation

David, the head of the department, was originally expressionless, looking businesslike.

He thought that Li Mu would not be reconciled, would make trouble, would intercede, and tell about the difficulties he and his family encountered, how he didn't want to lose this job, and asked him to be merciful.

However, it was quite different from what he had imagined.

Li Mu behaved very calmly, as if he came to the company for fun, and he didn't care about this job.

Jean originally wanted to show his attitude, saying that everything was the company's decision, and so on, but after Li Mu's request, he still did not hesitate to lay off David, as if he had punched him in the empty space.

Fortunately, the goal has been achieved.

……

Without a job, Li Mu can finally devote all his energy to trading cryptocurrencies and receive some unemployment benefits by the way.

This morning, the price of BTC officially broke through $1.6, a new high.

Driven by this trend, dozens of cryptocurrencies around the world have hit new highs.

Thus, Li Mu knew that the opportunity to clear the warehouse had finally come.

According to the real world, I once read an article about the big cryptocurrency market in the second half of 2017. The highest price of Bitcoin broke through 1.9 US dollars, and then began to fall.

Ordinarily, it is only 1.6 US dollars now, and there is still room for more than 1.9 US dollars to rise from the highest price of 3000 US dollars. You can continue to wait and see to maximize your benefits.

However, the two worlds are different after all, and a little butterfly effect can have a big impact.

Li Mu is already satisfied with the current price rise.It may still rise in the future, and there are many risks. He doesn't want to take risks, and he doesn't want to earn the last copper coin.

Grasping the bag is the right way.

……

Li Mu increased the leverage three times in total. The first time he borrowed USD 99 from the platform; Ten thousand U.S. dollars.

Over such a long time, the cryptocurrency, which was worth $2720 million at the time, is now worth $9800 million, more than tripling.

Li Mu suppressed his excitement and began to clear his warehouse and cash out.

Today, it is the time when virtual currency is at its hottest, with countless hot money pouring in, and the daily transaction volume of virtual currency exchanges exceeds tens of billions of dollars.

Such a large liquidation cash out did not cause too much fluctuation in the market, and it took a day to complete the liquidation plan.

Even, the price of BTC rushed to 1.75 US dollars that day, and it is still sprinting to a higher peak.

Affected by this, the cryptocurrencies in Li Mu's hands also increased. Not only did they cash out all of them, they also sold them at a higher price, with a total cash out of 1.01 million US dollars.

After repaying the 1209 million US dollars of leveraged funds borrowed on the platform, and millions of US dollars in commissions, handling fees and interest, Li Mu's cash in his hands was as high as 8800 million US dollars.

With $8800 million in cash, he has officially entered the ranks of billionaires to some extent.

……

However, this is not the end, there is another opportunity waiting for him.

The crazy rise of virtual currency is an investment opportunity, and the crash and fall is also a good opportunity for investment.

As the United States with an extremely developed financial industry, virtual currency exchanges not only provide long services, but also short services.

With the current growth trend of BTC, it will soon reach its peak, and then fall in a crash, falling back to a price of around several thousand dollars. This is a rare opportunity.

In order not to worry about the future, Li Mu withdrew 1000 million US dollars from the trading account to the bank card as a guarantee fund for future life.

Even if the remaining 7800 million US dollars are lost, with the 1000 million US dollars guaranteed, he can still have a superior living condition.

……

The next morning, the price of BTC officially reached $1.8, and Li Mu also started short-selling. He used $7800 million as a guarantee, applied for 2.5 times leverage, and borrowed $1.95 million worth of cryptocurrency from the exchange.

Of this, approximately 8100 bitcoins, worth $1.458 million, and the rest, worth around $5000 million, are other types of cryptocurrencies.

It's not that Li Mu doesn't know that compared with BTC, other cryptocurrencies have fallen more sharply, and short selling has more profits.

However, BTC's market is large enough and the number of participants is large enough, so it is not easy to be manipulated by humans and change the general downward trend.The cost is really too high, and tens of billions of dollars are involved in the flow of funds. His [-] million dollars is not worth others' money.

The rest of the cryptocurrencies, because the market is too small, after the future crash, the market will be even smaller, it is easy to be manipulated, and the risk is even greater.

This is also the reason why Li Mu only used 2.5 times the leverage this time. He can actually apply for higher leverage, and the future profit margin will be greater.

However, this place is different from the real world, especially his joining has caused some variables, and he is not sure whether the cryptocurrency will develop in accordance with the real world situation.

We can only reduce the risk as much as possible and be more secure.

……

The virtual currency trading market became even more popular that day, and the price of BTC even reached the highest point in Li Mu's memory of 1.9 US dollars. Other cryptocurrencies also hit new highs one after another.

Taking advantage of the hot market transactions, these borrowed cryptocurrencies were easily sold out. As the price continued to rise that day, the value of these cryptocurrencies in hand increased a lot, and a total of 2.12 million US dollars were sold.

In this way, Li Mu finally breathed a sigh of relief after eating this wave of generous bonuses.

This is the biggest opportunity for speculation that he has ever known in this world. After this village, there is no such shop.

Fortunately, it turned out well.

Today, the 2.12 million US dollars of funds are all deposited in the exchange's regulatory account.

Next, just wait for the price of virtual currency to crash and fall, choose a suitable price, buy back the sold virtual currency, return it to the exchange, and pay a certain amount of interest and transaction commission.

This time, the short sale was successfully completed.

If all goes well, what he reaps will be a net profit of over [-] million US dollars.

……

Another day passed, and at noon that day, the cryptocurrency experienced a wave of upsurge, with BTC reaching as high as $1.95, and then began to fall, never looking back.

In the next few days, it kept falling and falling, falling below $1.1.

Li Mu finally let go of his heart, knowing that this wave has stabilized.

Even if he closes his position now, he can make a lot of money.

However, he is not in a hurry, the price of BTC has not yet fallen to the bottom, and there is still huge room for profit.

If the set goal can be achieved, this short-selling operation will make him a real billionaire.

……

Next, Li Mu is free, his job is gone, and the cryptocurrency still has room to fall for a period of time, so he doesn't need to watch it every day.

Just find other things to pass the time.

With 1000 million US dollars in hand, it doesn't feel comfortable to spend it.

First went to repay the $34 loan from the financial institution, redeemed the real estate certificate, and released the pledge status.

Then, he paid off the rest of the mortgage, became debt-free, and finally stopped being a house slave.

……

The next thing was to change the car. Wu Fei didn't plan to change at first, but after being punished by Li Mu at night, she finally agreed shyly.

So, after spending more than 40 U.S. dollars, the two picked up a Bentley Continental, with Li Mu choosing blue and Wu Fei choosing pink.

The two luxury cars drove on the road, they were extremely eye-catching, and Wu Fei fell in love with them immediately.

……

However, people's desires are endless. Just after getting a new car, Li Mu wanted to change to a bigger and more luxurious house.

With money in hand, his thoughts quickly turned into actions, and it happened that he had nothing to do, so he followed the agency to start looking at houses.

As a global technology center, and in the Greater Bay Area, there are a lot of upstarts and billionaires in technology, and there are naturally countless luxury houses.

After looking at more than a dozen mansions for more than half a month, Li Mu finally found a suitable one.

This mansion is located in San Jose, the hinterland of Silicon Valley, covering an area of ​​1.18 acres, surrounded by mountains and water, and the scenery is extremely beautiful.

There are three floors above the ground and one basement. There are five bedrooms in total, as well as rooms for servants, a professional audio-visual room, collection room, wine cellar...

The lawn in the yard is neatly manicured, with tall palm trees, swimming pool, and tennis court.

Security, environment, and education are also good, and it is located in the rich area of ​​the Bay Area.

The price is not expensive, 780 million US dollars, Li Mu thought about it, really liked it, and readily took it.

……

At first, Wu Fei felt that it was too expensive, and the price was more than ten times more expensive than the two-story villa they lived in now, which surprised her.

Under the leadership of Li Mu, she really visited this mansion, which perfectly fit all her imaginations, and she immediately fell in love with it.

After complaining about Li Mu's extravagance, the two moved in.

In order to reduce Wu Fei's burden, Li Mu hired two more Filipino maids, which made her feel distressed and pleasantly surprised at the expense.

In the evening, lying in Li Mu's arms with a charming face, her face was full of happiness, and she secretly felt that she was now considered a pampered wife of a rich family, and everything was like a dream, perfectly in line with her imagination.

……

On the other hand, during this period of time, while Li Mu was buying a house and moving, he began to promote the investment and equity acquisition plan of his original company Olkus.

Professional matters are handled by professional people. Li Mu understands this truth, and he entrusts Goldman Sachs to represent Olkus' equity acquisition and investment plan.

So far, good progress.

Due to the coldness of VR technology in the global capital market, many early investment institutions of Olkus intend to withdraw, but it is difficult to find a successor.

Li Mu's appearance is just right, and several investment institutions have already expressed their intention to sell Olkus' equity, but there are some differences on the price, and further negotiations are underway.

Within a month or two, a deal is expected to be concluded.

At that time, the short-selling plan was completed, and he had enough funds to support his plan.

(End of this chapter)