Soros' view on virtual currency in 2019

1. Let me answer you like this! First of all, you need to understand who Soros is? You must not regard him as a person who operates in China. He is much more powerful than those Chinese makers. I'm sorry to say that the level of our Chinese makers is too low, and he will put himself in. What about Soros? When he attacks the currency of any country, he always has some preparation and basic hard conditions. For example, his huge ability to use funds within one day is amazing, and his relationship with the US government and Wall Street is incomparable to ordinary people. The most important point is that his operation method is too complicated, Don't I recommend watching financial alchemy? This is his book, and his philosophy is very complicated! Ordinary people can't understand it at all. He read all kinds of knowledge, even the policy information of various countries, and he firmly grasped it. He also raised a large number of media in the United States, which are valuable to him. These media are disseminators. When he sniped the Thai baht from May to July 1997, he made a profit of $2 billion. How did he do it? When he sniped at the Thai baht, it happened that Thailand changed the fixed exchange rate into a floating exchange rate on that day. Simply speaking, because of this, it was very important, so he sold a lot of short of the Thai baht on that day, so naturally the Thai baht depreciated! Then a large number of speculators in Europe and the United States squeezed their funds into the foreign exchange market and sold short. Because of this, the four tigers and the four dragons in 1997 almost died! I'll introce you to another way of sniping Hong Kong. In fact, it wasn't the Hong Kong dollar that he sniped at that time, because the Hong Kong dollar can't be sniped. The Hong Kong dollar against the US dollar uses the linked exchange rate system. What about the issuance of the Hong Kong dollar? It is also based on US dollars. In short, it means how many US dollars are deposited and how many Hong Kong dollars are issued. It can be said that Hong Kong dollars is the voucher for us dollars. It is a US dollar standard system, so it is difficult to snipe. But it Snipes. Do you know why? Drunk man's intention is not wine, this is the master! He also used the short selling method to snipe at the Hong Kong dollar. Once he sniped, the Hong Kong government was scared, so it was not allowed to borrow the Hong Kong dollar, and the inter-bank lending rate was raised, which was very high, as high as 268%. In order not to let Soros get the Hong Kong dollar to repay his short selling Hong Kong dollar, he would lose money, you know! So that's what the Hong Kong government did at that time. However, you should know, as soon as the interest rate rises, the stock market will start to fall sharply. This is inevitable. Soros made a lot of money in the stock market this time. In order to make up for his short selling loss, he actually sold short the Hang Seng Index Futures in Hong Kong in advance, and then attacked the Hong Kong dollar, Then, as soon as the interest rate rose, the stock market fell sharply, and he benefited from it. However, his loss when he sniped the Hong Kong dollar was nothing at all. He made a lot of money in Hang Seng Index Futures. This is his complete operation. It can be said that it's too classic. After the research, he found that he was really a master and had nothing to say! So the target of his attack is actually the Hang Seng Index, not the Hong Kong dollar. That's fake! After his attack, house prices also fell sharply, causing depression and crisis! This is him. He has a lot of history. You can go back and have a look at it. For example, he led the sniping at the Bank of England, bull! That's about it. Of course, there are still some things, such as how to make you generate inflation after he Snipes. It's very complicated. We need to use political power! So I'll introce it first!

2. George Soros was born on August 12, 1930 in Budapest, Hungary, Jewish. His real name is gyoumlrgy Schwartz, a Hungarian born Jewish American businessman, a famous philanthropist, money speculator, stock investor and political activist
he is currently chairman of Soros Fund Management Company and Open Society Research Institute, and a former member of the board of directors of the Foreign Affairs Committee. He is known around the world for his role in Georgia's Rose Revolution and in the United States for raising a lot of money to try to prevent George Bush from being re elected president
Soros's salary is at least higher than the GDP of the 42 member countries of the United Nations, which is as rich as the 42 countries. The speculative funds led by Soros all his life make waves in the financial market and sweep away the wealth of many countries[ 1]
on January 22, 2015, George Soros announced his ultimate retirement. In the future, he will no longer manage investment and will push forward philanthropy
George Soros was born on August 12, 1930 in Budapest, Hungary, Jewish. His real name is gyoumlrgy Schwartz, a Hungarian born Jewish American businessman, a famous philanthropist, money speculator, stock investor and political activist
he is currently chairman of Soros Fund Management Company and Open Society Research Institute, and a former member of the board of directors of the Foreign Affairs Committee. He is known around the world for his role in Georgia's Rose Revolution and in the United States for raising a lot of money to try to prevent George Bush from being re elected president
Soros's salary is at least higher than the GDP of the 42 member countries of the United Nations, which is as rich as the 42 countries. The speculative funds led by Soros all his life make waves in the financial market and sweep away the wealth of many countries[ 1]
on January 22, 2015, George Soros announced his ultimate retirement. In the future, he will no longer manage investment and will push forward philanthropy.

3.

Soros adopted a three-dimensional speculative strategy, not a single foreign exchange operation. The so-called three-dimensional speculation is the use of the correlation between three or more financial instruments for financial speculation

specific case: on March 3, 1997, the Central Bank of Thailand announced that nine domestic financial companies and one housing loan company had problems of poor asset quality and insufficient liquidity. Soros and his subordinates believe that this is a hint of deeper problems that may arise in Thailand's financial system. They preemptively ordered the selling of shares in Thai banks and financial companies, and depositors made large withdrawals from all financial and securities companies in Thailand

at this time, the Western shock funds led by Soros, which are waiting for a large number of Southeast Asian currencies, United and sold the baht on a large scale. Under the siege of many western "Heroes", the baht was hard to resist for a while and kept on declining. In May, the lowest price jumped to 26.70 baht to the US dollar. The Central Bank of Thailand, with the help of the whole country, launched an anti encirclement campaign against Soros in the middle and late May

in the first step, the Central Bank of Thailand formed a coalition with Singapore and spent about US $12 billion to absorb Thailand; The second step is to follow Mahathir's strategy and tactics in 1994, forbid local banks to lend Thai money to Soros army by executive order; The third step is to raise the interest rate substantially, and the overnight interest rate will rise from about 10% to 1o00-1500%. The strong counterattack led to the rise of Tai Ma to a new high of 2520 on May 20

e to the sudden tightening of money, the interest cost increased greatly, which made Soros army unprepared and lost $300 million. However, with his intuition, Soros thinks that the Central Bank of Thailand can do nothing more than this. After doing everything, Thais have not put themselves into a desperate situation, and the losses they have suffered are relatively small. In a way, Soros thinks he has won

In June 1997, Soros sent troops again. He ordered the fund to take the lead in selling US Treasury bonds to raise funds, and launched another fierce attack on the Thai baht in the last ten days. The Central Bank of Thailand, which has only US $30 billion in foreign exchange reserves, has declared that it has "run out of ammunition" after a short battle. They are unable to maintain a fixed exchange rate for the Thai baht

The Thais have to come up with a last resort and implement a floating exchange rate. Unexpectedly, as Soros had expected, he also carried out various counter measures. The Thai baht continued to decline. On July 24, the Thai baht fell to 32.5:1 against the US dollar, setting a new record low

According to foreign media reports, George Soros, 84 years old and known as "financial giant", announced his "formal retirement" at a private dinner in Davos on the 22nd local time. Just like Bill Gates, the IT instry's top "big shot" a few years ago, Soros also said he would engage in philanthropy

Soros became famous in 1992 as "sniping the pound" -- he took great risks to "snipe" the Bank of England by buying and selling the hedge between the pound and other currencies, resulting in the UK being forced to withdraw from the European exchange rate system and earning the "first bucket of gold" of US $650 million

However, what is more well known to Chinese netizens is that Soros "sniped" the Thai baht and Hong Kong dollar in 1997, triggering an "Asian financial storm" that lasted for several years; In 2012, Soros made $1 billion by shorting yen

Soros has repeatedly threatened to retire before, all of which were "unsuccessful", and this time he said "it's the last time"< br />

4. According to my understanding,
1. Soros borrowed a lot of baht from the Bank of Thailand.
2. He sold baht in the market or changed it into the currency of other countries.
3. There was a crisis in Thailand's economy itself, which led to the devaluation of baht e to Soros's large-scale tossing.
4, It's 100 yuan, and now as long as 50 yuan, he takes back the original 1000 baht, and then he gives it back to the Bank of Thailand, so he makes 50 yuan.
you think, Soros is a big asset, the more money he invests, the more he makes.
of course, the premise is that there must be a lot of capital investment to cause the devaluation of the baht

5. At the time of Hong Kong's return to China, Soros, the crocodile who has been coveting Hong Kong for a long time, has set off a financial war all over the world. After sniping at the pound, Soros made a net profit of 1 billion, and then sniped at Mexico, which made Mexico back five years. After the invasion of Thailand, Indonesia, the Philippines, Myanmar, Malaysia and other countries, net income of more than 10 billion US dollars

after that, Soros, with strong strength, set his eyes on Hong Kong, the four little dragons of Asia, in an attempt to short Hong Kong. After that, he launched a fierce battle with the Hong Kong government. So how did Soros play before that

first of all, Soros secretly raised funds and exchanged US dollars for a lot of baht, then borrowed a lot of baht from banks, and then sold baht desperately, causing market panic. Because of herding, a large number of people exchange dollars, which makes the baht devalued. The government uses foreign exchange reserves to intervene, but the reserves are too small. So it announced a floating exchange rate, and the baht plummeted from 1:25 to 1:50. At this time, the Thai baht owed by Soros bank depreciated, making him net 25 billion baht

in the same way, Hong Kong was also played. Unable to find a way to fight back, Hong Kong finally chose the government to enter the market and never gave up the linked exchange rate. We should not let our wealth fall into the hands of speculators, and we should use our foreign exchange reserves to do our best. At this time, a government platform is the hardest backstage for Hong Kong. The Hong Kong government has come to Hong Kong with nearly HK $60 billion and is ready to fight

on that day, the Hong Kong government spent HK $20 billion to entrust 10 brokerage firms and 33 Hang Seng Index shares to pursue. The Hang Seng Index closed at 7922 points, up 88 points from the previous trading day, and finally won the war without gunpowder.

6. Soros is ready to short RMB. Recently, many Chinese people have gone to the bank to exchange US dollars. For the Chinese people, should they allocate overseas assets? Because it should be unnecessary. The reasons are as follows:
first, the yield of American financial procts is very low
Second, if you go to the United States to invest, all aspects of the United States are too mature, saturated and have few investment opportunities
thirdly, Chinese investors are not familiar with the United States and are easy to fall into the pit. Causing heavy losses
fourthly, if you invest in China in U.S. dollars, from the perspective of the actual interest rate difference between domestic and foreign currencies, the basic rate of return of domestic RMB financing can still reach 4%, which is far higher than the domestic U.S. dollar deposit interest rate and ordinary foreign currency financing rate. Foreign currency assets are not an ideal financing channel for indivials
therefore, if you are not a very rich person with a large amount of assets, don't exchange dollars or allocate overseas assets
to sum up, Soros is doomed to fail if he shortens RMB and Snipes at RMB.

7. Investment strategy and theory: Based on the "reflection theory" and "big ups and downs theory", we can get in and out at the turning point of the market, and use the "herding effect" to actively control the market and speculate in the market. It's market trends that matter
theoretical elaboration: Soros' core investment theory is "reflection theory", which simply refers to the interaction between investors and the market. The theoretical basis is that it is impossible for people to have a correct understanding of the world. Investors enter the market with "Prejudice", which is the key to understand the dynamics of the financial market. When the "popular bias" only belongs to the minority, the influence is still small, but the bias of different investors will proce group influence in the interaction, and will evolve into a dominant concept. It's herding. Specific measures: invest a huge amount of capital in the market that is about to "rise" to lure investors to buy together, so as to further drive the market price up until the price goes crazy. When the market is about to collapse, take the lead in selling and shorting. Based on the fact that the market is already at its peak and fragile, any rash can cause panic selling, further aggravating the decline until the crash. At the turning point of rise and fall, we can earn speculative spread
rules and taboos to follow: there are no strict principles or rules to follow, and only rely on intuition and offensive strategies to implement the "forest rule" of winning at one stroke
the forest law is: 1. Wait patiently for the opportunity to appear; 2. Attack the weak; 3. When attacking, we must be ruthless and do our best; 4. If things are not as expected, life protection is the first consideration
views on the relationship between general trend and indivial stocks: pay attention to the market atmosphere, pay attention to the general trend and despise indivial stocks. The author thinks that the short-term trend of the market is just a "herding effect", which has nothing to do with the quality of indivial stocks
views on stock market forecast: do not forecast when the market opportunity is approaching, take the initiative to attack and guide the market
views on investment vehicles: there is no specific investment style and it does not follow established principles. But pay attention to the changes in the rules of the game“ The "hedge fund" as a circulating mortgage lending method is constantly enlarging the leverage effect. With this leverage, as long as we find a good fulcrum, it can even leverage the entire international monetary system
famous saying and concept: "stock speculation is like the forest law of the animal world, which is designed to attack the weak. This kind of practice can often make a hundred hits."“ Everyone has a weakness, and so does any economic system, which is often the strongest point. "“ Herding is the key to our success in every speculation. If this effect does not exist or is quite weak, it is almost certain that we will not succeed. "< Other achievements: born in Hungary in 1930, Jewish, founded the "first eagle fund" in 1968, ranked first among the top 100 richest people on Wall Street in 1993, made us $2 billion by sniping the pound in 1992, and set off the Asian financial crisis by sniping the Thai baht in 1997.

8. Soros blocked the pound, the Russian ruble and Southeast Asian countries. If you want to know the whole process, you can search the above three events separately. Indivial stocks, can only drift with the tide, big speculators stocks, it is a river. The reason is that they have sufficient funds, which is enough to affect the rise and fall of the stock index. In addition to buying strength stocks, they also use leverage principle to buy index futures, making profits in the same period. People often spend billions and tens of billions of dollars. Of course, they can make profits through strategic deployment and tactical cooperation. Small shareholders can only be eaten by others. For example, if you buy Hang Seng Index Futures in Hong Kong, every time the stock index rises, a contract will make a profit of HK $50. If you short a futures index contract in Hong Kong, every time the stock index falls, a contract will also make a profit of HK $50. On the contrary, it will lose money. How to make the futures index develop in its preset direction so as to achieve its own profit goal? If you buy futures contracts, of course, you have to absorb the Hang Seng index component stocks, because the Hang Seng index component stocks directly affect the index rise and fall. The more you buy, the higher the index is, of course. In this way, your futures contract will be profitable. On the contrary, when you have more stocks of Hang Seng Index, you can buy the short selling contract of futures index. In this way, when you sell stocks, the futures index will fall sharply, making your short selling contract profitable. After mastering this principle, the rest is that you have to have enough funds to carry out actuarial calculation. How much capital do you need in order to shake the index change. In addition to the hot money in the market, many people follow the trend. When they see the market rising, they will follow up to buy. When they see the market falling, they will follow up to sell. The big crocodile is the leader, the small shareholder is the sheep. A large amount of momentum, followed by sheep, exacerbated the market shock. Soros's practice, first of all, was to borrow Hong Kong dollars and block Hong Kong dollars, which greatly increased the overnight interest rate of Hong Kong dollars and caused the stock market to fall. And through short selling Hang Seng Index Futures, to block Hong Kong stocks, in the Hong Kong government's tenacious resistance, the final defeat. Soros spent $20 billion, while the Hong Kong government spent $90 billion.

9. Because moderate inflation to a certain extent belongs to the national monetary policy, which can encourage people to spend more to stimulate economic recovery
if the degree exceeds a certain range, it belongs to economic crisis and economic recession
the stability of independent exchange rate of monetary policy and the complete free flow of capital can not have it at the same time, we can only give up one and get Thailand's own financial system It is a problem that leads to the rush of foreign hot money and capital to a certain high point. When there is no money to make money, it will withdraw. The bubble will dissipate and begin to enter the depression period. That is the premise of shorting the baht.
Soros launched about 6 billion dollars to attack Thai baht
while the Thailand dollar dollar savings in the whole country was 6 billion 23 million (6022653) in the year. 319)
on that day, the exchange rate of Thai baht to us dollar dropped by 17%. In the future, the capital naturally ran away.
the wealth that everyone had made before evaporated directly. The bank was run, not to mention that indivials, even enterprises and factories could not pay wages. The specific results refer to the 1929 Great Depression of the United States.
the Thai government lacked the financial resources like the Federal Reserve. This situation must be controlled I can't help it

10. Soros speculates in currencies such as pound sterling and Thai baht on the premise that the capital markets of these countries are fully open, that is, Soros can freely exchange US dollars for local currencies in commercial banks of these countries, and then sell them in the foreign exchange market. Changes in the foreign exchange market will cause changes in other capital markets of these countries, such as the stock market and stock index futures market, Soros makes money from these chain reactions
even though the trading volume of hot money in today's world is several trillion US dollars a day, e to the incomplete opening of China's capital market, the inflow of funds dominated by indirect investment (investment in stock and other financial markets) is extremely limited in China. Therefore, even if hot money flows into China from different channels, its scale is relatively small compared with China's huge foreign exchange reserves, and the risk of indirect investment is basically controllable. Not only Soros, but also other foreign investment institutions have no chance to sell RMB in the foreign exchange market, let alone crack down on RMB
at present, RMB devalues internally (inflation), but it has a strong appreciation expectation externally. With the opening of the central bank's tightening monetary policy (interest rate increase, reserve rate increase, etc.) and the beginning of a prudent monetary policy, this appreciation expectation will be even stronger. At this time, is Soros going to do the opposite and speculate on the devaluation of RMB? Even if he has the intention, he is also powerless, because he has no channel to exchange huge US dollars into corresponding RMB. How can he crack down on RMB without RMB???