How much money does it cost to be a banker in the cryptocurrency circle?
There is a retail investor who only spends hundreds of thousands to be a banker in the financial market, making money by using the existing market mechanism with extremely low risk.
The China Securities Regulatory Commission announced a notice today: A small retail investor named Zhang Ming used hundreds of thousands of funds to be a banker and made 1.54 million in two years. The crime: suspected of manipulating the market, he was arrested.
Review of the operation method: Lao Zhang specifically looks for LOF funds with no trading volume. This type of fund can be traded directly with a stock account, and also supports subscription and redemption.
The banker target he chose has several characteristics:
1. Extremely low liquidity
2. Extremely low trading volume
3. No interference from other financial forces
4. Low market value
Operation method:
1. First absorb funds
The way to absorb funds is not to buy in the secondary market, but to subscribe for shares through on-site fund subscription, which will not affect the price in the secondary market.
(By referring to the cryptocurrency circle, is there any way to absorb funds without affecting the market? Over-the-counter/OTC/group chat, etc.)
2. After the funds are absorbed
He will go to the secondary market to raise the price of this fund, use different accounts under his control to trade securities, buy and sell by himself, and raise the price limit with tens of thousands of yuan.
(There are also several market-making addresses + trading robots in the cryptocurrency circle to implement market-making strategies. Some tracks have large trading wear and tear, and the dealers are less willing to enter the market because the cost of making dealers is high and the efficiency is slow.)
3. After several consecutive daily limit boards are pulled out
Generally two, they will use various methods to promote and attract retail investors to enter the market, and wait until the third daily limit,
(or create the strength of external funds to undertake and start shipping, throwing the chips in hand to retail investors.)
Because I pay close attention to one point, that is, the cost invested by the dealer and the proportion of external funds on the board. If a target dealer continues to invest in costs, it is reluctant to sacrifice the child and cannot catch the wolf, and it has not entered the main wave of external funds entering the market, generally there are better opportunities to participate)
4. What if no one takes over?
Because the chips are subscribed on the market using the market mechanism, the cost is very low, and the characteristics of the bond fund are eager, the net value fluctuation is very small, and through the redemption on the market, it can at least protect the principal.
(In the cryptocurrency world, it is very important to find a low-cost way to participate, or to know where your costs are spent. Coin-mining is a relatively low-cost way to participate.