Just after returning to the United States, my colleague Liu Feng sent me the news that he was on the layoff list 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, originally had an expressionless face and looked businesslike.
He thought that Li Mu would not be reconciled, would make trouble, plead for mercy, tell him about the difficulties he and his family were encountering, and how he did not want to lose his job, so that he would be merciful.
However, it was very different from what he imagined.
Li Mu behaved very calmly, as if he came to the company to have fun, and didn't care about the job.
David, who originally wanted to show off that everything was the company's decision, did not hesitate to lay him off after Li Mu's request, as if he was punched in the air.
Fortunately, the goal was achieved.
…
Without his job, Li Mu can finally devote all his energy to trading cryptocurrencies, while also receiving some unemployment benefits.
This morning, the price of BTC officially exceeded $16,000, setting a new high.
Driven by this trend, dozens of cryptocurrencies around the world have reached new highs.
As a result, Li Mu knew that the time had finally come to clear his hands.
According to the real world, I have read articles about the great market trend of cryptocurrency in the second half of 2017. The highest price of Bitcoin exceeded 19,000 US dollars, and then began to fall.
Ordinarily, it is just US$16,000 now, and there is still more than US$3,000 of room for growth from the highest price of US$19,000. You can continue to wait and see and maximize your profits.
However, the two worlds are different after all, and a little butterfly effect can have a big impact.
Li Mu is already satisfied that the price has risen to the current level. It may still rise in the future, and there are many risks. He does not want to take risks and earn the last copper plate.
The right way is to seize the opportunity quickly.
…
Li Mu increased leverage three times in total. The first time he borrowed US$990,000 from the platform; the second time was US$2.4 million; and the last time he borrowed US$6.7 million from the platform, increasing the leverage to 0.8 times, and the total value of cryptocurrency held was 2,720
Ten thousand U.S. dollars.
In such a long time, the cryptocurrency worth $27.2 million at the time is now worth $98 million, more than tripling.
Li Mu suppressed his excitement and began to clear his position and cash out.
Nowadays, when virtual currency is at its hottest, countless hot money pours in, and the daily transaction volume of virtual currency exchanges exceeds 10 billion US dollars.
Such a large liquidation and cashing out did not cause much fluctuation in the market. It took one day to complete the liquidation plan.
In fact, the price of BTC reached US$17,500 that day and is still sprinting towards higher peaks.
Affected by this, Li Mu's cryptocurrency holdings also increased. Not only were they all cashed out, they were sold at a higher price, with a total of US$101 million cashed out.
After paying back the US$12.09 million in leveraged funds borrowed from the platform, as well as millions of US dollars in commissions, fees and interest, the cash in Li Mu's hands turned out to be as high as US$88 million.
With $88 million in cash, to a certain extent, he has officially become a billionaire.
…
However, this is not the end, there is another opportunity waiting for him.
The crazy rise of virtual currencies is an opportunity for investment, and the collapse and fall of virtual currency is also a good opportunity for investment.
As the United States has an extremely developed financial industry, virtual currency exchanges not only provide long-selling services, but also short-selling services.
With the current growth trend of BTC, it will soon reach its peak, then collapse and fall back to a price of around a few thousand dollars. This is a rare opportunity.
In order to have no worries, Li Mu withdrew US$10 million from his trading account to his bank card as a fund for future living security.
Even if the remaining US$78 million is lost in full, with this US$10 million guaranteed, he can still have a superior living condition.
…
The next morning, the price of BTC officially reached US$18,000, and Li Mu also started short selling. He used US$78 million as a guarantee, applied for 2.5 times leverage, and borrowed US$195 million worth of cryptocurrency from the exchange.
Among them, approximately 8,100 Bitcoins are worth US$145.8 million, and the remainder, worth approximately US$50 million, are other types of cryptocurrencies.
It’s not that Li Mu doesn’t know that compared to BTC, other cryptocurrencies have fallen more sharply, and short selling has made more profits.
However, the BTC market is large enough and the number of people participating is large enough, so it is not easy to be manipulated and change the general downward trend.
The cost is really too high, involving tens of billions of dollars in capital flows, and his one or two hundred million dollars is not worth anyone else's money.
The remaining cryptocurrencies are too small. After a big drop in the future, the market will become even smaller, and they will be easily manipulated, and the risk will be greater.
This is also the reason why Li Mu only used 2.5 times leverage this time. He can actually apply for higher leverage and have greater profit potential in the future.
However, this place is different from the real world, especially since his joining has caused some variables. He is not sure whether cryptocurrency will develop in accordance with the situation in the real world.
We can only reduce risks as much as possible and be more prudent.
…
The virtual currency trading market became even more popular today, with the price of BTC reaching the highest point in Li Mu’s memory of US$19,000. Other cryptocurrencies also hit new highs.
Taking advantage of the booming market transactions, the borrowed cryptocurrencies were easily sold out. As prices continued to rise that day, the value of the cryptocurrencies in hand increased a lot, and a total of US$212 million was sold.
In this way, Li Mu finally breathed a sigh of relief after receiving this huge bonus.
This is the biggest speculation opportunity he has ever known in this world. There is no such shop after this village.
Fortunately, the results are good.
Today, all US$212 million in funds are stored in the exchange’s custody account.
Next, you only need to wait for the price of the virtual currency to collapse, choose a suitable price, buy back the sold virtual currency, return it to the exchange, and pay a certain amount of interest and transaction commissions.
This time, the short sale was successfully completed.
If all goes well, he will reap a net profit of over 100 million US dollars.
…
Another day passed. At noon that day, the cryptocurrency experienced a surge. BTC reached a maximum of $19,500, and then began to fall and never looked back.
In the next few days, it continued to fall, falling below $11,000.
Li Mu finally felt relieved, knowing that this situation had stabilized.
Even if he closes his position now, he will still make a huge profit.
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 he can achieve his set goals, this short-selling operation will make him a real billionaire.
…
Next, Li Mu is free and his job is gone. There is still room for the cryptocurrency to fall for a period of time, so there is no need to watch it every day.
I can only find other things to do to pass the time.
I have 10 million US dollars in hand, and I feel uncomfortable if I don’t spend it.
First, I paid off a US$340,000 loan from a financial institution, redeemed the property certificate, and released the mortgage status.
Then, I paid off the remaining mortgage loan at once, became debt-free, and finally stopped being a house slave.
…
The next step was to change cars. Wu Fei didn't plan to change cars at first. After being punished by Li Mu that night, she finally agreed shyly.
So, they spent more than 400,000 US dollars each to buy a Bentley Continental. Li Mu chose blue and Wu Fei chose pink.
Two luxury cars drove on the road. They were so eye-catching that Wu Fei fell in love with them immediately.
…
However, people's desires are endless. Li Mu just bought a new car and wanted to buy a bigger and more luxurious house.
With money in hand, his thoughts quickly turned into actions. As he happened to have nothing to do, he followed the agent and started looking at houses.
As a global technology center, and also in the Greater Bay Area, there are many new technological elites and rich people, and naturally there are countless luxury homes.
After more than half a month and looking at more than a dozen luxury houses, Li Mu finally found the right one.
This mansion is located in San Jose, the hinterland of Silicon Valley. It covers an area of 1.18 acres and has a construction area of 18,000 square feet. It is surrounded by mountains and water and has beautiful scenery.
There are three floors above ground and one underground floor, with a total of five bedrooms, as well as rooms specifically for servants, professional audio-visual rooms, collection rooms, wine cellars...
The lawn in the yard is neatly manicured, with tall palm trees, a swimming pool, and a tennis court.
The public security, environment, and education are also good, and it is located in a wealthy area of the Bay Area.
The price was not expensive at US$7.8 million. Li Mu thought about it for a while, really liked it, and readily took it.
…
Wu Fei felt distressed at first because it was too expensive. The price was more than ten times more expensive than the two-story villa they lived in now, which surprised her.
Under the guidance of Li Mu, she actually visited this mansion. It perfectly matched all her imagination and she fell in love with it immediately.
After complaining about Li Mu's lavish spending, the two of them moved in.
In order to reduce Wu Fei's burden, Li Mu hired two more Filipino maids, which made her feel distressed about the expense but also very pleasantly surprised.
At night, she lay in Li Mu's arms with a coquettish look on her face, full of happiness, and secretly sighed that she was now a pampered rich wife. Everything was like a dream, perfectly in line with her imagination.
…
On the other hand, during this period, while Li Mu was buying a house and moving, he also began to advance the investment and equity acquisition plan for his original company Olkus.
Professional matters should be left to professional people to handle. Li Mu understood this truth and entrusted Goldman Sachs to act as agent for the Olkus equity acquisition and investment plan.
So far, progress is good.
Since VR technology has been sluggish in the global capital market, many early investment institutions in Olkus intend to withdraw from the market, but it is difficult to find successors.
Li Mu's appearance came at the right time. Several investment institutions have already expressed their intention to sell Olkus equity. There are only some differences in price, and further negotiations are underway.
A deal is expected to be concluded within a month or two.
At that time, the short-selling plan was completed and he had enough funds in hand to support his plan.