Chapter 822 I'm Just Cheating
"I'm not joking, I'm serious~" Sandy said solemnly.
Now Yang Cheng and Ellison couldn't hold back their faces anymore, and the faces of the two became uglier than the other.
Sandy may still feel that the fire is not strong enough, so he added more dry wood, "And I also hope that the two of you can join together, and we will make a fortune together."
Yang Cheng laughed angrily, it's really strange that there are more of them every year, and this year, it's all right to tell us that you are cheating, and you want to pull us into the gang? Do you really underestimate the people in the world or do you feel that your God has been reincarnated?
He felt that the fat man was crazy, there was no need to continue the conversation, it was a waste of time, he might as well go back and flirt with Taylor Swift.
Pulling David Ellison around to leave, Sandy hurriedly said, "Wait a minute, you two, it's not too late to leave after listening to me, don't you two want to know why I dare to expose the scam Say?"
Yang Cheng paused, he was really curious, and David Ellison also wanted to know what this guy was going to do, so the two of them stood in tacit understanding and turned around to look at the dead fat man, waiting for his answer.
Sandy put down the plate, swallowed the food roughly, squinted his eyes and looked around to make sure that no one would hear his voice, and then asked in a low voice, "Do you know Bitcoin? "
Yang Cheng and David Ellison shrugged at the same time. Of course, is there anything hotter than this in the financial market in recent years?
Bitcoin was originally proposed by a Japanese-American Satoshi Nakamoto in 2009. It is a decentralized P2P digital currency. Unlike most currencies, Bitcoin does not rely on a specific monetary institution to issue. It is based on A specific algorithm, generated by a large number of calculations.
The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors, and uses cryptography to ensure the security of all aspects of currency circulation. Limited to 21 million.
To put it bluntly, Bitcoin is a kind of network currency. It is easy to know that this is an absurd scam based on human potential intuition, but instead of disappearing into the dust, it has become more and more popular. The highest price exceeded $20,000.
Sandy spread his hands, "Look, everyone knows that Bitcoin is a scam, why are so many people flocking to it? Just like what I do now, even though I tell everyone that the Sandy Fund is essentially a scam , but there are still people who will give me money and look forward to the day when I will return them with interest.”
Yang Cheng calmed down and thought about it, and suddenly felt that what this fat man said made sense. Human beings are greedy. As long as they make good use of this point, even if they know that Bitcoin is a scam, some people still accept it. As long as there is no strong external interference, this deception will never be exposed.
In fact, the principle of this scam is very simple, junior high school students can figure it out, first of all, first compile a set of algorithms to make bitcoins, and then build a trading platform, this algorithm uses p2p, blockchain, decentralization, etc. These technical terms are confusing to people, and they seem to understand, but in fact they seem to understand, and maybe even the person who came up with this algorithm can't understand it himself.
The next step is to carry out publicity, telling others the meaning of Bitcoin, saying that its quantity is constant and will become more and more valuable. This is the most attractive part of Bitcoin. As we all know,
The RMB, US dollar, Japanese yen and other currencies currently in use are called sovereign currencies, because the issuing agency will continue to issue excessive amounts in order to collect currency taxes, so the currency will gradually depreciate.
40 years ago, a catty of rice cost only a few cents, but now it has risen to three or four yuan, an increase of almost 10 times. Bitcoin is a product created out of thin air by taking advantage of people's psychology of wanting to maintain and increase value.
However, there are many smart people in this world. Anyone with a discerning eye will know at a glance that Bitcoin is just issued by a group, that is, a kind of network currency. If it is issued in large quantities rashly, it will be worthless.
In fact, Bitcoin is even less credible than sovereign currency, because the latter is backed by the government as an endorsement, while the former can change the algorithm to issue excess at any time as long as it wants.
Regarding this point, since the birth of Bitcoin, many people have questioned it, saying that it is a Ponzi scheme, and even the people behind the scenes have not denied it. There is money to be made, so the group behind it must build momentum and constantly promote that the number of bitcoins is stable and will continue to increase in value in the future.
The whole routine is so simple, that is, create it, and then continue to publicize it, saying that it will appreciate in value, and then a large number of followers will appear, such as Ethereum, Litecoin, Infinity Coin, Dogecoin, etc. The same, but the method is similar, which is to induce people to buy at a low price and then sell at a high price.
How is this different from Sandy's routine? First use your own reputation to establish a fund, offer high return conditions that are enough to make anyone excited, and then spread the publicity all over the world to make your reputation famous. With the first funds invested by people who want to eat crabs, the scam officially starts, and the flow continues The influx of funds, until the scale expands to a level that no one will allow it to go bankrupt, this scam will be perfect and successful, and it is even possible to witness the birth of another giant like Vanguard Fund.
That's why Sandy was so confident that he made the scam known to the public. No, no, to be precise, it was announced to people like Yang Cheng. Ordinary investors are not qualified to know the inside story.
So why not others, but Yang Cheng and David Ellison? The answer is simple. The two are famous enough and have enough funds. As long as an agreement is reached here to confirm the investment between the two, Sandy will reveal the news in the next second. Those who are still waiting, look at the rich man They are all invested, what else can they hesitate? If it's too late, there's no chance.
On the surface, Sandy's fund has an upper limit, but if the limit is really touched, he will 100% find thousands of reasons to continue absorbing funds, and there will never be an upper limit.
With a large sum of money, just pouring it into the stock market casually can raise the water level by a few points, so you still worry about not making money?
Just like Madoff, as long as there is no simultaneous cash-out wave, this scam will continue forever.
The routine is classic and practical. In fact, most of the fund companies use this routine. It’s just that Sandy Yigao is bold and dares to pull Yang Cheng and David Ellison into the group. This is definitely not a whim. Rather, it is well thought out.
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