……
Of the $34, $33 was transferred to the exchange's fund account, leaving $1 as a daily reserve fund.
To use leverage on an exchange, you need to transfer the corresponding amount of collateral. To go long, you transfer USDT as collateral; to go short, you transfer the corresponding cryptocurrency as collateral. Then, select the amount you want to borrow and start trading.
As required by the exchange, Li Mu opened a leveraged account and transferred $33 to a USDT account with multiple functions.
He then applied for 3x leverage, $99, which, combined with his initial principal of $33, gave him $132 million in funds at his disposal.
To facilitate exit and to diversify risk, Li Mu divided the 132 million yuan into two parts.
Of the $700,000, $100,000 was invested in Ripple, which has the highest growth rate; the remaining $620,000 was invested in Litecoin, Dogecoin, etc.
These cryptocurrencies, while not comparable to the billions or even tens of billions of dollars traded daily by BTC.
However, the performance is also good, with the daily transaction volume of each virtual currency reaching tens of millions or even hundreds of millions of US dollars.
Amid the booming market, funds poured in frantically, and trading volume was booming. In just over an hour, Li Mu completed his position building.
Because of the leverage involved, these cryptocurrencies could not directly reach him; they were all stored in the trading platform's escrow account.
Only after the leveraged funds are paid off can you truly get the money in your hands.
However, since it was originally a speculative activity, he wasn't interested in these cryptocurrencies. Keeping them on an exchange would make it easier to sell them in the future.
As the world's largest cryptocurrency exchange, for the sake of its reputation, it wouldn't risk losing sight of the bigger picture by focusing on such trivial gains.
For trading platforms, reputation is paramount; without reputation, the platform is finished.
……
After a moment's thought, Li Mu took out another $8000 from the $1 he had left and used it all to buy Ripple coins, keeping them for himself.
Funds in the leveraged account can only be withdrawn after the leverage is repaid. Li Mu plans to sell at the peak, so he cannot withdraw funds from the account in the short term.
These scattered Ripple coins are for when I return to my home country, so I can cash them out for travel expenses and pocket money.
……
After finishing all this, Li Mu breathed a sigh of relief; the initial plan was finally complete.
When it was time to leave in the afternoon, instead of working overtime as usual, I said goodbye to David and left. On the way, I called Wu Fei, who had just finished get off work and was on her way to the daycare center.
Because of her daughter, Wu Fei leaves late and returns early every day, so she naturally can't devote herself to her work and her career is mediocre.
However, for the sake of her daughter's healthy growth and a happy childhood, she accepted it.
Over the past few days, Li Mu has become completely familiar with his new role and can now communicate with Wu Fei in a normal way. Facing this intelligent and elegant wife, Li Mu, though he has had relationships before, has never encountered one so intelligent and beautiful.
For a moment, he was in a daze, his heart was restless, yet he hesitated to take action.
Fortunately, things gradually stabilized.
They've been married for a long time and have a daughter, so Wu Fei didn't think anything of it since Li Mu didn't take the initiative.
Today, with the development of virtual currency, they finally have confidence in the future and can ensure that the mother and daughter have a superior living environment.
With the pressure reduced, some thoughts began to surface again.
……
I made an appointment with Wu Fei, picked up my daughter, and accompanied them shopping at the mall. We then chose a restaurant and had a candlelight dinner.
Wu Fei didn't say anything, but she could tell from the smile on Li Mu's face. Because of their busy work schedules, the family hadn't gone shopping together for a long time.
After dinner, they watched a movie, which was unusual for them. Holding her daughter, Wu Fei nestled in Li Mu's arms, a hint of happiness quietly appearing on her lips.
Back home, after putting her sleeping daughter down, Wu Fei blushed slightly under Li Mu's intense gaze and quickly went to the bathroom.
Half an hour later, a delicate fragrance wafted over as the beauty emerged from her bath. Her snow-white skin and voluptuous figure left Li Mu momentarily stunned, a rare occurrence for him.
A proud smile appeared on Wu Fei's lips. At this moment, she was wearing a black, sheer nightgown that was as thin as a cicada's wing, revealing her curvaceous figure and smooth, creamy skin.
Her fair face, as white as mutton fat jade, was slightly flushed, like a peach blossom in bloom.
Li Mu swallowed hard, the little flame in his heart burning brighter and brighter. He took a deep breath, strode forward, picked the person up, and carried them towards the bedroom.
After several tender moments, the two finally fell into a deep sleep.
……
At night, Li Mu got up to use the restroom, kissed the beautiful woman next to him, and suddenly couldn't fall back asleep.
Part of it was because my body was slightly excited, and another part was because I remembered something and if I didn't do it, I would feel uneasy and wouldn't be able to sleep well.
It was daytime in China at the moment. With that in mind, Li Mu put on his slippers, went to the balcony, found his home number, and dialed it.
Su Daqiang answered the phone.
"Mingzhe, why are you calling at this hour? Isn't it the middle of the night where you are?"
Li Mu said, "I can't sleep, I'll just make a phone call and see where my mom is!"
Soda said, "They're playing mahjong next door! You want to talk to your mom, right? I'll bring the phone over."
"it is good!"
After a while, a sound came from the other side.
"Mingzhe, why are you calling at this hour? Isn't it the middle of the night for you?"
Li Mu said, "I couldn't sleep in the middle of the night, so I made a phone call. My dad told me you were playing mahjong next door."
Zhao Meilan: "Yes, it'll be lively at your Aunt Liu's house."
Li Mu said, "You're not young anymore, you need to take care of your health. Playing mahjong every day isn't good. Go for walks and exercise more, go shopping or do some square dancing or something."
Zhao Meilan said, "I'm retired now, so I'll just relax a bit when I have nothing to do. Don't worry! I've been a nurse my whole life, I know my body, I'm in great shape!"
Li Mu continued, "You should also pay attention to that. After all, you're not young anymore, and good health is very important. You should have a comprehensive physical examination at least once a year."
“I remember that neither of you has had a physical examination since you retired. In a couple of days, I’ll have my dad take you to the hospital for a check-up together.”
"We children are at ease knowing you are healthy!"
Zhao Meilan was busy playing mahjong and said impatiently, "I know, I'll go in a couple of days. I'm busy right now, so I'll hang up."
Li Mu said, "Let me say one more thing to my dad."
The phone was handed back to Su Daqiang.
Li Mu said, "I remember that after you retired, your work units stopped organizing physical examinations, and you never went for a physical examination."
“Although you are both in good health, you are not young anymore and it is the time to take care of yourselves. I told my mother that you two should go to the hospital for a check-up in a couple of days, and you should do it once a year from now on, don’t forget.”
With his mother present, Su Daqiang remained a taciturn man.
"Okay, Mingzhe, I'll hang up now if there's nothing else. Go to sleep!"
"Okay, hang up!"
After hanging up the phone, Li Mu finally breathed a sigh of relief.
He's usually in good health; this sudden accident was caused by the excitement of playing mahjong. When will he come? Will he even come? Nobody can say for sure.
Chapter 4 Soaring Wealth
Time flies, and more than ten days have passed. During these days, the two of them have been inseparable and very sweet.
Wu Fei, in particular, had a fair complexion with a rosy glow, radiating health and vitality, as if she had returned to her teenage years.
Her temper is getting better and better, and she is becoming more and more gentle.
Li Mu, who was being brutally beaten by society in real life, had never experienced such an occasion before. She was still so beautiful and elegant, and for a moment he fell into a gentle embrace, forgetting all about home.
Fortunately, the work didn't fall behind, and everything went very smoothly, even exceeding expectations.
As cryptocurrencies continue to heat up, large amounts of capital have poured in. BTC, with its large market capitalization, has only risen by about 40%, while many smaller, second-tier cryptocurrencies have already doubled in value, and some have even multiplied several times.
The cryptocurrencies held by Li Mu have increased by nearly two times on average, originally worth $132 million, and are now worth $385 million.
After deducting $99 in leveraged funds, the net worth is $286 million.
Although the price increase was alarming, Li Mu knew that this was just the beginning, and that the market would continue to grow rapidly for the next month or so.
To maximize his profits, he decided to leverage his position once more.
Having increased nearly twofold, the leverage ratio has dropped to around 0.4.
After much deliberation, Li Mu decided to increase the leverage to 1.2 times and borrow another $240 million in leveraged funds to make the purchase.
The operation was completed, and the total value of the cryptocurrency held in his hands reached a staggering $625 million.
As for why not learn from the last time and increase the leverage to 3 times, lending out funds equivalent to 3 times the net value at once.
I really don't dare to take this risk. This market rally just started a little over ten days ago, and the market has been rising steadily with little volatility, so the risk of adding leverage isn't too great.
During this period, with the influx of large amounts of hot money, cryptocurrencies have become increasingly volatile, rising rapidly and fluctuating wildly, with drops of tens of percent being commonplace.
Li Mu became increasingly cautious. A leverage ratio of 1.2 was the best he could come up with to maximize profits while minimizing risks.
……
On the other hand, despite his significantly increased net worth, Li Mu continued to work diligently.
It's a bit strange for someone who is about to achieve financial freedom; shouldn't they quit their job and enjoy life?
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