Comment on bitcoin
Less than a month after Jamie Dimon, CEO of JPMorgan Chase, failed to beat bitcoin, bitcoin hit a new record. It not only regained the land lost last month, but also broke $5300 today
just a month ago, when bitcoin began to recover from its high level to its low level, Dimon once again attacked bitcoin as "a fraud" at the New York financial conference of Barclays. He concluded that bitcoin was a bubble and predicted that the bubble would eventually collapse. Bitcoin has been controversial since it came out. So far, no mainstream bank has joined the list of market makers, and no big exchange has provided a trading platform. However, even those who oppose bitcoin hold a very positive attitude towards the technical foundation of bitcoin and other digital currencies, that is, blockchain technology
How to evaluate Li Xiaolai, a New Oriental teacher who is worth 10 billion by bitcoin
according to the self claim and related description, Li Xiaolai has the following aura:
China's richest man of bitcoin
one of the most domestic holders of bitcoin
New Oriental master
author of many best sellers
famous angel investors, etc.
are you surprised? Looking at the background, Li Xiaolai is also a big man, but few people seem to know him well
on the contrary, it is Luo Yonghao, who was mentioned by him, who is well known in the science and technology circle
but Lao Luo never interacted with him after he became famous, whether it was the most beautiful New Oriental period or the most painful mobile phone with a hammer
who is the "richest man of bitcoin in China"? Let's take a look at his history
When Li Xiaolai was a student, he won many awards in computer competitions. In his sophomore year of high school, he participated in a competition held in Jilin Province. He was originally the first to win the competition. Because of a teacher's protest, he was canceled. The top three in this competition were recommended to Tsinghua. Hit by this, he did not play a normal college entrance examination, into Changchun Universityafter graation, I started sales first, and I once worked as a general agent and made a lot of money. But because he was treating his father, he ran out of money
Later, like Luo Yonghao, he went to New Oriental. On the one hand, he became a teacher of English, on the other hand, he published "21 day breakthrough of TOEFL core vocabulary" and other booksthere was nothing special here, until he met bitcoin
In 2011, Li Xiaolai learned that the transaction price of bitcoin exceeded $1. Although he didn't understand why it was so expensive, he bought 2100 coins in the first placewhen bitcoin rose to $24, he decided to "mine" and buy hardware equipment to dig coins. As a result, we didn't succeed this time. We invested more than 600000 yuan in partnership with others and only got more than 100 yuan
However, through this experience, he devoted himself to the field of virtual currency. Since then, there have been continuous acquisitions. Until the end of 2013, the Wall Street Journal mentioned:"a newly established group of bitcoin observers in Beijing said that Li Xiaolai, 41, is one of the most bitcoin holders in China. Li did not want to specify the amount he held, but said he held six figures, with the first digit of one. In other words, the value of bitcoin he holds has exceeded $100 million. "
What is life like after becoming a billionaire According to Li Xiaolai, one is to learn general ecation course, called "seven years", which enables people to learn skills; The other is the business school, which is called "growing together" to learn and share in the instrypublished a book, "seven years is a lifetime", and played a new trick: pay more than 2500 yuan, you can enter a group. What are the advantages of joining this group? Chapter updates of this book will be in this group first
open a column, and open a column "road to wealth and freedom" on the app. Each paying user needs to pay 199 yuan. In 2017, his column users have exceeded more than 100000, that is, he has gained more than 30 million in this column
a person who has already been rich and free can teach "the road to wealth and freedom" on a knowledge payment app with a small audience
It's always fun to think about itmaybe, as Li Xiaolai wrote in his Internet entry, "strive to make some intellectuals rich first"
in fact, Li Xiaolai has not yet shown people the evidence that he owns 10 billion bitcoins, which is very simple and there will be no loss, but he has never done so. Therefore, it is doubtful whether he owns as many bitcoins as the outside world
all the information about his worth of 10 billion bitcoin comes from his unilateral statement to reporters. Around 2013, when bitcoin began to be popular, the financial headlines of major media began to introce the legendary figure who was a former New Oriental teacher. Li Xiaolai told people that he started to be the upstream instry of bitcoin two years ago, renting factory buildings in a place where there is no shit, and using cheap land rent and electricity cost to mine
of course, many people don't buy it. They ask Li Xiaolai to show evidence. They just need to make his wallet public. Because of the encryption design of bitcoin, such display will not affect his financial security at all, but Li Xiaolai always avoids talking about it
because for Li Xiao, no matter whether he has so much money or not, it's his best strategy not to show it publicly, because it will give people a sense of mystery, a sense of shadow wealth, and help him with other businesses
No matter whether he has 10 billion worth of bitcoin or not, Li Xiaolai seems to be a successful person, because he is always on the cusp of the new wave in recent yearsFirst of all, we need to understand what bitcoin is. As we all know, bitcoin did not become a trading currency many years ago. A long time ago, after bitcoin sold pizzas, some people began to identify with bitcoin, and then bitcoin became valuable. Although bitcoin did not have any government endorsement, its value was that people thought it could be used as an exchange currency, Especially from the blockchain, more and more people understand that the underlying architecture of bitcoin is built on the blockchain, and Nakamoto himself has never been exposed, but people recognize that the total number of bitcoin is 21 million
well, after we know about bitcoin, we'll come back to see why our China investment bank and tycoons blow bitcoin to the sky:

This article is excerpted from Galante app "financial management"
the price of bitcoin has soared, investors should not follow suit
recently, bitcoin has made up a myth again, and the price has been rising all the way. According to the disclosure of relevant institutions,
as of 3:00 p.m. on June 30, the price of bitcoin was $11818. Compared with the price of $3500 at the beginning of January this year, the price of bitcoin has increased by 230% in the first half of the year, surpassing all risk assets such as stock markets and commodities in the world
moreover, the price is not the highest. The highest price was on June 26, and it broke through the $13000 mark in a short time, reaching a new high since January 2018, with a 24-hour increase of
14%. The total market value reached $224.7 billion, equivalent to the market value of Intel
it is the price of bitcoin that has aroused huge market investment attraction,
it has also made many investors dazzled, ready to invest in bitcoin, and even have the impulse to do a lot of
work. I still want to remind investors that for bitcoin investment, we should adopt the investment strategy of "more far-reaching, less near touch", and never turn over the boat in the gutter of bitcoin investment
the rise cycle of bitcoin is shortened, so is the value ration. That is to say, the time from high price to low price is shortened correspondingly, and the stability of bitcoin investment value is greatly weakened As a result, although the price of bitcoin has soared today, the future trend is not clear, and no one is sure; Bitcoin itself is also a high-risk investment proct. It is difficult for anyone to accurately predict the risk. It is obvious that digital assets are still investment assets with higher risk, and the fluctuation range and speed of asset prices are significantly different from traditional assets, and their investment strategies should also be different from traditional financial procts. Therefore, the author suggests that "if you don't have diamond, don't do porcelain work". You should keep a distance from the investment of special currency. You should never follow blindly because you are envious of others' investment profits. Especially in the current price situation, investors should not easily chase high, and short should be particularly cautious; Only in this way can we respond to changes with constancy, so that we will neither be deceived nor lose money in bitcoin investment
