I stole someone else's ticket to rebirth

Chapter 321 People who play with finance have dirty hearts!
Jiang Banxia is a player with a big heart.

At least Li Yang would not take such a risk.

Li Yang likes to do things within his controllable range, so he has always been making stable money.

With a God's perspective and a good start, his goal is to make $150 billion in ten years.

But Jiang Banxia is obviously not like that. She will do it if she feels confident. No one knows whether she is 60% or 80% confident.

The main risk lies in the process. If no one plays along with her, all her plans will fail. She will just have to slowly figure out how to ship the goods later. She won't lose much money, but she will definitely not make as much as Li Yang who follows the steps and takes advantage of the market.

All the market trends that Li Yang seized were big ones, with profits involving hundreds of billions or even trillions of dollars.

He only takes one to one tenth of the profits, which is already the limit.

Jiang Banxia, ​​on the other hand, wants to get more than 30% or even 50% of the profits.

Over the past month, the amount of money that Jiang Banxia has traded has reached an astronomical figure.

When someone took advantage of the news of Baifangzi's speech to dump the stock, Jiang Banxia had already prepared the funds.

She did use a lot of funds during this period, but she didn't actually spend too much money.

It seems to be more than 10 billion US dollars. The money was originally in the account, plus the money Jiang Banxia earned during this period, and he did not use the funds of the Huobi platform users at all.

However, under the opponent's fierce market-crashing offensive, Jiang Banxia used the money.

Bitcoin trading volume skyrocketed instantly, but the price remained unchanged.

At the same time, a large number of short contracts also fell like snowflakes, and Jiang Banxia accepted them all.

The current price of Bitcoin is $5,500, which is mainly due to the struggle between the two parties. Otherwise, based on market behavior, the price should be around $6,000.

From the moment Jiang Banxia took over, the market conditions would no longer be the same as in the previous life, and even convergence would be difficult to achieve.

This is a pure capital game, the result of countless rounds of fighting between both sides with countless funds.

Li Yang's prophetic knowledge will be of no use in the future, unless time allows this matter to be restored to its original track.

But it cannot be repaired in just a few years, and Li Yang will not be given a second chance.

Therefore, the Bitcoin project must either be abandoned or Jiang Banxia must take over.

In Li Yang's plan, he wants to make stable profits from Bitcoin, more than 10 billion US dollars a year. In addition, if he takes advantage of several waves of market trends, it is possible for him to make 100 billion US dollars in the next five years.

……

"Fuck! Fuck! This is impossible!"

In the office of a group of Bitcoin CEOs, a Wall Street spokesperson was roaring wildly.

They had been preparing for a long time, determined to smash the board hard, because they were sure that the other party would not be able to take on so many chips.

No matter which side, the other side can't do it.

That would require too much money.

As a result, they dumped Bitcoin worth $6 billion and leveraged contracts worth more than $30 billion, but there was not a single ripple.

Could it be that the other party mobilized more than 10 billion US dollars to take over in an instant?
We have already consumed a lot of the other party’s funds before, how could they have any left now?

"They must have used user funds today, and the amount of funds used is no less than 30 billion US dollars!"

So far, they have invested nearly 50 billion US dollars in total, and held short contracts worth more than 200 billion US dollars, some of which were liquidated and can be considered losses.

When the shot that was shot with accumulated power hit the opponent and the opponent didn't react at all, they panicked.

At this time, Binance's Lao Zhao couldn't help but say: "Mr. Mokto, we must clear some contracts now, otherwise our funds will be in danger, and the other party will blow us up in an instant!"

Bitcoin contracts are leveraged, and almost all related contracts in the world are concentrated on the Huobi platform. They have opened so many of them, and their share is getting bigger and bigger, almost occupying one-third of the market.

These are all the results of this month.

With such a huge contract in their hands, all of their platforms were ruined!

This money was raised by several platforms by misappropriating user funds, otherwise how could they have come up with two or three hundred billion US dollars.

Mokdo's eyes turned red. "Impossible! Clearing the contract will give the other party an opportunity! The other party has been trapped by us. We must not let the opponent go at this time!"

In Mokdo's eyes, even though they lost this time, their opponents didn't win either.

They hold so many contracts and bitcoins that they cannot sell them.

The worst that could happen is that Bitcoin will be completely destroyed. They won’t be able to make money, and they won’t let the other side make money either!
Although the existence of Bitcoin is not good for the US dollar.

But Wall Street doesn't care about that, they just want to make money.

They want anything that is profitable.

The amount of money mobilized by Wall Street this time may not be too high, only around 20 billion US dollars, but no one expected it to fail so completely.

If you give up just like that, all the money you invested will be wasted.

At this moment, it is like a mountain is pressing down on the opponent. It is also the most difficult moment and we must not give the opponent any chance.

"Guys, we haven't lost yet. We are just at a disadvantage in terms of money. We still have hope of a comeback!"

"Mr. Mokto, what should we do?"

"Continue to increase your short selling efforts, and I will apply for a loan for you."

Everyone: "..."

……

It is a mountain for others, but for Jiang Banxia, ​​it is just a matter of taking over the chips.

Li Yang said, "Bitcoin has become a rival product for both of you two."

The so-called counterparty trading means that both parties are trading a large number of chips, and others have almost no chance to participate.

1V1
Jiang Banxia said: "No, I gave a lot of profits to others."

"So what should we do next? Should we just blow them up?"

The situation is already very clear. As long as Jiang Banxia uses more funds, it will explode.

Jiang Banxia shook his head and said, "It is indeed easy to increase the price of Bitcoin. If I use another two billion US dollars, it will be enough to increase it by more than ten points. But the contract is not the same. The contract is not strictly based on the spot price. They hold too many short positions, and it is not ruled out that they still have spare power. The other party has the initiative of the short position. Even if the spot price rises by ten points, the contract price may not rise by that much.

The price could rise before because the other party did not have enough contracts and could not control the market. Now...if the price rises too much, the contract price will be inverted, and the funds in the market will become their help. "

For example, the price of Bitcoin rose to six thousand US dollars, but because Jiang Banxia gave up a large number of long contracts in order to make room in the entire contract system, it would lead to market imbalance.

Those long orders will become pressure for short orders.

Long and short positions have always complemented each other. When the short position reaches the settlement time, it will become a long position.

Similarly, the long positions held by Jiang Banxia will become short positions one day in the future.

Because short positions do not have enough buffers, long orders will dominate the market. If Bitcoin rises to $6,000, long contracts may have to be opened at $6,100 or even $6,200.

The extra one or two hundred dollars is the inverted price.

With such a large inversion, most long orders will choose to stop loss at the first opportunity, because selling means making money.

Li Yang nodded.

Jiang Banxia continued, "Husband, through our backend data, we can see clearly that the other party has short contracts worth 210 billion US dollars, and in essence, these contracts are worth 21 billion US dollars. Everything else is leverage. For the platform, it's just a bunch of numbers.

Even if their contract explodes, what will happen? I can just put the money on the market, and then maybe I can take part of it and make more than 10 billion US dollars.

But what if they are unwilling? "

After hearing what Jiang Banxia said, Li Yang suddenly realized a point he had been ignoring. Interest!

Leveraged capital has interest, even if the so-called funds are just a string of numbers given by the platform.

But you have to pay interest!
However, most users either do not use leverage or use two or three times leverage. Only a very aggressive few will choose ten times leverage. Although some interest will be generated every year, it is much lower than the transaction fees.

For example, last year, the platform collected less than $600 million in interest in total.

The main reason is that the price of Bitcoin is too low!

If the price of Bitcoin rises to tens of thousands of dollars, many retail investors will simply not be able to afford it. As a result, many people will use leverage, and there will be a lot of people using ten times leverage.

The interest on Huobi platform is calculated based on the capital. For example, if the capital is small, for example, if the capital is ten thousand US dollars, the interest will be one US dollar a day.

The large capital is 30,000, so one million US dollars means the interest is 300 US dollars a day.

Equivalent to an annual interest rate of 10.8%
The other party used a ten-fold leverage, nine of which were borrowed funds, and had to pay more than 20 billion US dollars in interest every year.

Jiang Banxia never thought about making money from the other party's principal, she only wanted to make money from the other party's interest.

Therefore, regardless of the consequences, he deceived the other party into opening a large number of short orders. He just did not completely destroy the other party and gave him hope every time.

This is the thinking of a pure financial person.

Making money from other people's capital is too petty. As long as the other party can afford to pay the interest, then making money from interest is the safest career.

After all, once the principal has been earned, people will not invest further.

Of course, if they can’t pay the interest in the end, Jiang Banxia will definitely collect the principal as well.

Although a year seems very long, if you actually calculate it on a daily basis, they have to pay tens of millions of dollars in interest every day, which is already higher than the original profit of the platform.

It does almost nothing but gives a long string of numeric codes.

"Hehe, people who deal in finance have dirty hearts!"

"Is it dirty? Is it dirty? Anyway, I'm going to weld them here for half a year..."

"They will launch a propaganda war. After all, you have used user funds. If they can encourage all users to withdraw funds from their accounts, some accounts will not be able to redeem funds."

Jiang Banxia: "???, how much money did I spend?"

Li Yang said helplessly: "But I used 50 billion US dollars."

"Ahem... Master Li, you're holding me back!"

"Really? I haven't used this position before, right?"

……

This was indeed a big hidden danger, but Jiang Banxia found that Li Yang didn't care much about it, so she didn't take it to heart.

Li Yang does things more cautiously than anyone else. The fact that he doesn't care means he has a way to deal with it.

Besides, isn't it just 50 billion US dollars? I can always find a way to borrow it!

In the next few days, Jiang Banxia continued to put chips into the market, and sometimes even smashed them himself to give his opponents some illusions.

In this case, the opponent will replenish funds every day, not to crash the market, but purely to pay interest.

If they fail to pay the interest, it will be deducted from their margin. Over time, even if the contract price has not changed much, their positions will be automatically liquidated due to insufficient margin.

Although everything seemed calm, Jiang Banxia knew that the other party must be planning a new round of attack.

It could be what Li Yang said about guiding public opinion, or it could be something else...

It was not until March 5 that some users began to say that they were unable to withdraw funds from the Huobi platform.

There were more and more such accounts, and they spread in just one day.

Especially in many forums, this matter has been exaggerated.

Some people say that Huobi platform has already misappropriated user funds a long time ago and is currently suffering heavy losses and cannot get any money out at all.

Some people also say that the founder of Huobi has already cashed out tens of billions of dollars and left the market, and all users’ money is gone.

Therefore, in this atmosphere, a large number of users are encouraged to withdraw cash.

Then...some of them found that they couldn’t actually withdraw their money.

Half an hour after submitting the withdrawal application, there is no money in the account!

In the past, it only took a few minutes for the money to be credited to my account, but now it hasn’t been credited at all.

But some people have received the money.

However, faced with a large number of accounts that had not been paid, those people were quickly labeled as water armies.

Li Yang also received a call from Chen Peipei as soon as possible.

Li Yang asked, "Is it true that the money has not been received or is it fake?"

"It really hasn't arrived. There was a problem with Bank of America. It seems that they have monitored some of our accounts, but they are not sure, so they have suspended the transaction."

"Okay, I see."

Li Yang hung up the phone.

Just now he turned on the sound system without hiding it from Jiang Banxia.

Jiang Banxia said: "It's possible that they figured it out bit by bit, and the platform didn't keep it confidential."

"How did you try it?"

"For example, if they register a Huobi account and deposit $483 into it, according to the normal process, the money will be directly transferred to the company account. They only need to monitor the special account with the $483 amount, and then withdraw the money. If the money still comes out of that account, they can basically lock the account."

Li Yang frowned: "Usually they don't come out from the same account."

Li Yang didn't even know how many accounts the platform had. Anyway, the funds behind it were very complicated. Unless the United States supervised all the accounts, it would be impossible to restrict the platform from trading.

The US dollar is the world's currency, and all kinds of overseas transactions exist. If they dare to do that, it would be tantamount to giving up their hegemony directly.

It's not worth it at all just for a Huobi platform.

They can't even verify the legitimacy of those transactions.

"So they used a large amount of data for testing, and eventually screened out a few accounts little by little. Now they are focusing on supervising the funds in those accounts."

"Ah."

For Li Yang, this is not the most troublesome thing.

Because there is not much money in those accounts.

All funds are scattered. Some accounts have only tens of millions or one or two hundred million dollars, while others may have only a few million dollars.

Moreover, many of them have anchor companies overseas. Is it abnormal for a corporate account to have 100 million or 200 million US dollars?
Li Yang is worried about those accounts...

If we send a message to those accounts, saying that the bank is the one that has been affected, the Americans will be able to lock them down immediately. With the triple chain of evidence being sufficient, we can just act based on their laws.

To put it bluntly, the illegal industry cannot withstand investigation.

It can only be made up on the platform side first, and the process is quite complicated.

Jiang Banxia had no way to deal with this matter. The most he could do was to improve the capital structure, such as rounding up. Although this would cause some other problems, it would make it more difficult to lock the account.

But it still only treats the symptoms and not the root cause.

As long as America is willing to pay enough, it may still be possible to find it.

(End of this chapter)