A few days later, the procedure is completed and the loan is officially released!
The professional real estate appraisal agency hired by the financial institution has professionally assessed the price of this two-story villa at US$650,000.
The loan amount also exceeded Li Mu’s imagination, reaching as high as US$340,000.
If it's a bank, the limit is only over 200,000 US dollars at most, regardless of how long it takes to complete the procedure.
Choosing a financial company, although the interest rate is a bit high, is still quite cost-effective.
In the past few days, the exchange account has been registered long ago. I have used the pocket money in my hand to conduct more than a dozen small-scale transactions, and I am familiar with all aspects.
…
Moreover, Li Mu discovered some interesting financial instruments.
In the United States, which has a highly developed financial industry, its financial tentacles have extended to every corner. As the largest virtual currency exchange in the United States and the world, under the current hot market, it can generate more than ten or even billions of dollars in transaction volume every day.
Naturally, major financial institutions and banks will not let go of this market, and various financial leverages targeting virtual currencies have also emerged accordingly.
What is a lever? The famous ancient Greek scientist Archimedes once said: "If you give me a fulcrum, a hard rod long enough, I can move the entire earth."
To put it bluntly, a small person can make a big difference.
For Li Mu, who has mastered the market situation of virtual currencies in the future, this is the most suitable tool for him.
It is also the only speculative opportunity he has truly grasped in the past two years.
If you miss this wave of market trends, it will be difficult to encounter the next wave.
…
Of the US$340,000, US$330,000 was transferred to the exchange capital account, leaving US$10,000 as a daily reserve.
To use leverage on an exchange, you need to transfer the corresponding pledge. To go long, transfer the USDT pledge; to go short, transfer the corresponding currency pledge, and then select the amount to be borrowed and start trading.
In accordance with the requirements of the exchange, Li Mu opened a margin account and transferred US$330,000 into a multi-functional USDT account.
Then I applied for 3 times leverage, with a leverage of US$990,000. Adding the principal of US$330,000, the funds available for control reached US$1.32 million.
In order to facilitate exit and spread risks, the 1.32 million funds were divided into two parts by Li Mu.
Among them, US$700,000 was used to invest in Ripple, which has the highest growth rate, and the remaining US$620,000 was used to invest in Litecoin, Dogecoin...
Although these cryptocurrencies are not as good as BTC, which has a daily transaction volume of more than one billion or even billions of dollars.
However, the performance is also good. The transaction volume of each virtual currency is in the tens of millions or even hundreds of millions of dollars every day.
Under the hot market conditions, funds poured in crazily and trading volume was booming. In just over an hour, Li Mu completed the opening of the position.
Due to the use of leverage, it is naturally impossible for these cryptocurrencies to go directly to his hands, and they are all stored in the supervision account of the trading platform.
Only when the leveraged funds are paid back can you really get it.
However, it was originally a speculative act, and he was not interested in these virtual currencies. Putting them on the exchange would make it easier to sell them in the future.
As the world's largest virtual currency exchange, for the sake of reputation, people will not pick up the sesame seeds and lose the watermelons and miss his three melons and two dates.
For a trading platform, reputation is above all else. If the reputation is gone, the platform will be finished.
…
Afterwards, Li Mu thought about it for a while, and then took out 8,000 US dollars from the 10,000 US dollars left, bought all the XRP coins, and kept them in his own hands.
The funds in the leveraged account need to be repaid before the leverage can be withdrawn. Li Mu plans to wait until a high point before selling, and he will not be able to withdraw funds from the account in a short period of time.
These scattered Ripple coins are prepared for returning to China in the future and can be used to cash out some travel expenses and pocket money.
…
After finishing all this, Li Mu breathed a sigh of relief, and the preliminary layout was finally completed.
At one o'clock in the afternoon, I didn't work overtime as usual, I said hello to David and left directly.
On the way, I called Wu Fei. She had just gotten off work and was on her way to the nursery.
Because of her daughter, Wu Fei goes out late and comes home early every day, so naturally she can't do her best at work, and her career is mediocre.
However, in order for her daughter to grow up healthily and have a wonderful childhood, she accepted it.
After these days, Li Mu has become completely familiar with his identity and can communicate with Wu Fei in a normal way.
Facing this intellectual and elegant wife, although Li Mu had been in love before, he had never met such an intellectual and beautiful woman.
He was really in a trance for a moment, and his heart was about to move.
Fortunately, I took control of it.
They were already an old couple, and they had a daughter. Li Mu didn't take the initiative, and Wu Fei didn't think it was a big deal.
Today, with the layout of virtual currency, we finally have confidence in the future and can ensure that their mother and daughter have superior living conditions.
The pressure decreased and some thoughts began to come to mind again.
…
I made an appointment with Wu Fei, picked up my daughter, and went shopping with them, then chose a restaurant and had a candlelight dinner.
Wu Fei's performance can be seen from the smile on his face even if he doesn't say anything about it. Due to busy work, the family has not gone shopping together for a long time.
After dinner, they watched a rare movie. Holding their daughter in their arms, Wu Fei snuggled into Li Mu's arms, with a hint of happiness quietly floating on the corner of her mouth.
After returning home and putting down her sleeping daughter, under Li Mu's burning eyes, Wu Fei blushed rarely and hurriedly went to the bathroom.
The beauty came out of the bath. Her snow-like skin and plump figure made Li Mu stunned for a moment.
He walked forward, picked her up, and walked to the bedroom.