TCM in New York

Chapter 166 I'm Timid, I Don't Dare to Play the Capital Market

After communicating with Smith for a while, Ding Changsheng brought Smith to Citibank.

Of course, contact Claire in advance.

"Hello, Mr. Ding, I'm very glad to meet you!" A well-fitting lady's small suit showed her beautiful figure.

"Miss Claire, I am very happy to meet you too! You are more beautiful than I imagined!" Ding Changsheng shook Claire's hand in a gentlemanly manner.

The kind that can be grasped with the fingertips at the touch of a finger.

"This is my lawyer Smith. I came here today to have a more detailed discussion on investing in bitebi and your bank." Ding Changsheng introduced the lawyer behind him.

Originally, Ding Changsheng was just thinking about buying a batch of bitebi and then waiting for the value to rise before selling it to earn the difference.

Yesterday, I had a brief conversation with Claire on the phone, and found that bitebi has a lot of ways to play, and it can actually increase leverage.

It's a bit like speculating in foreign exchange, futures, and stock indexes.

You can buy up or down.

You don't need to actually hold the virtual currency bitebi to play.

Compared with the market size of bitebi, this secondary market is actually bigger.

bitebi's market is currently about 5000 billion, and it will break through the [-] trillion mark next year.

However, in the derivative market of Bitcoin, it has pulled a huge market of more than two trillion yuan.

If it is the currency market of bitebi, Ding Changsheng is really worried that after his hundreds of millions of funds enter, it will disrupt the original development form of the market.

Now, there is a bigger derivative market for him to play, so there is no such worry.

His several hundred million, even with five times the leverage, is just a wave.

"I have my own judgment on the bitebi market, so what I need is your bank to provide me with a trader who will buy or sell exactly according to my instructions.

At the same time, all traders need to sign a confidentiality contract and are not allowed to leak my operations, including my transaction records. "Ding Changsheng said his request unceremoniously.

This was also what Ding Changsheng asked Smith for when he was in Changshengtang.

He was worried that his transaction records would be leaked and cause unnecessary trouble.

Smith suggested that you can sign a confidentiality contract and set up sky-high compensation!And asked Citibank as a guarantee.

In the event of a breach of contract, Citibank will assume joint and several liability and pay liquidated damages on behalf of the trader first.

All traders are jointly and severally liable, no matter who they are, as long as the transaction records are leaked, everyone will be liable for compensation.

Of course, Ding Changsheng also needs to pay a higher service fee here.

Nothing is impossible in capitalist countries, if it is impossible, it means that the price has not been negotiated.

As long as Ding Changsheng is willing to give higher commissions or bonuses to those traders, then they will definitely be willing to sign the contract.

The same applies to Citibank. Citibank eats commissions and service fees. As long as Citibank is satisfied with the commission, Citibank is naturally willing to guarantee its traders.

And they will arrange people to watch over the traders and prevent them from leaking secrets.

"Mr. Ding, how much money do you plan to use to enter the investment market of bitebi?"

"Look! Maybe three to five billion, maybe one billion!"

"Mr. Ding, with such a large amount of capital entering the market, if leverage is added, it is already enough to affect the development of the market.

Therefore, we do not recommend that you invest such a large amount of money.

Because, if such a large amount of funds enters the market, it will be very conspicuous and attract the attention of downstream capital, which may cause unnecessary losses to Mr. Ding. "Claire's words are very euphemistic.

But Ding Changsheng understood the meaning of the words. He entered the market with such a large amount of funds, which is very eye-catching. Unfamiliar funds can easily attract the attention of capital predators.

There is a high probability that it will become the target of predators of capital.

Even, there will be an investment company under Citibank.

Ding Changsheng entered the market to make money, not to deliver meat to capitalists.

"Forget it, don't enter the derivative market of bitebi, I only buy bitebi in the bitebi market, this should not be hunted down?"

"This will not! bitebi is yours, as long as you don't sell it, no one can do anything to you!
They can control the short-term trend of the market, but they cannot control the general trend of the market. "Claire explained patiently.

"Then, can I entrust you to buy bitebi for me, and store the bitebi in Citibank? When I need to sell it, Miss Claire will sell it on my behalf." Ding Changsheng asked another question.

"Yes, we at Citibank are willing to provide you with the most considerate service. Our slogan is, there is nothing we can't serve, only what you can't think of." Claire showed a very friendly smile.

After asking clearly, Ding Changsheng chose to buy virtual currency very conservatively.

Although it is virtual, there is still something in good hands.

When I went to the derivatives market, I couldn’t see anything. If I bought short and sold short, I would be preyed upon by a group of capital predators if I was not careful.

You know, these capital predators like to prey on novice players like Ding Changsheng the most.

Maybe Citibank itself will organize a group of predators to share the food with Ding Changsheng.

Don't think highly of Citibank's credit, they like Ding Changsheng's principal more than that little commission.

Witnessed by Smith, Ding Changsheng signed an agreement with Citibank to entrust the transaction of bitebi.

Citibank buys and sells and keeps bitebi in accordance with Ding Changsheng's instructions.

Of course, Ding Changsheng would also provide a considerable service fee for this.

"Ding Changsheng, this is the ultimate black card specially customized for you by our bank!"

"Is it the one that can brush the plane?" Ding Changsheng asked with a smile.

"I'm very sorry, this card of yours can't be used to swipe planes yet! But it's still possible to swipe a small yacht!"

"Okay! I understand, I still need to work hard!" Ding Changsheng accepted the black card, and under Claire's guidance, he signed a few more words.

Then he left Citibank with a black card.

"Boss, I really can't imagine that you are a hidden rich man!" Smith said in surprise in the car.

In the bank just now, Smith suppressed his surprise and kept his expression unchanged.

"Hehe, I just sold a few antiques and a few oil paintings. I didn't expect it to be so valuable!" Ding Changsheng explained with a smile.

"Then you are so lucky! I am very honored to be the exclusive lawyer of a billionaire!" Smith sincerely congratulated, and did not dwell on the origin of these antiques and oil paintings.

You must know that Smith's status in the legal profession is not very high, otherwise he would not have become Ding Changsheng's second grandfather's lawyer and traveled to China to find him to inherit the second grandfather's inheritance.

You know, according to the value of the second grandfather's estate, the lawyer's fee is not much.

(End of this chapter)