Chapter 173: 2013 year
"Of the $45 billion, $13 billion is the initial investment, the remaining $32 billion, 2 billion is reserved for the company, and the remaining $30 billion is invested by us in two Internet companies." Chen Chumo said.
"Investing in Internet companies? Are you going to make Bitcoin the currency of transactions in internet stores? Li Dingbo asked.
It is indeed a good way to let more people use virtual currencies and glue people's lives with Bitcoin, which is what Chen Chumo said, right?
"Yes, we have invested in two potential Internet companies, both of which are e-commerce companies. One is in China and is called Ali Baba Company, and the other is in the United States and is called Amazon Company. We didn't invest in these two companies to allow them to use our Bitcoin for online buying and selling, but because we really saw the potential of e-commerce companies. Chen Chumo said.
"Huaxia is a developing country, and in order to prevent the outflow of domestic funds, it is impossible to recognize the legitimacy of Bitcoin, let alone allow virtual currencies to be traded with commodities online as currency. Although the United States may recognize the legal status of bitcoin within the year, it is not realistic to use it as a currency on online shopping malls immediately. We delved into e-commerce, and the transaction volume of online goods is growing rapidly, and the transaction volume is huge, gathering a large number of Internet users. So we plan to use the Internet to promote bitcoin and launch a campaign to give away bitcoins when it is full of money. As soon as online shoppers see the trend of rising bitcoin prices, they always can't resist the temptation to invest and make money, so they go to bitcoin trading platforms to buy. More people and fewer coins will naturally push up the price of bitcoin further, which is what I mean by saying it. Chen Chumo said.
"There are a lot of netizens, especially in Huaxia, and it is indeed a good idea to advertise bitcoin in the mall and let customers accumulate a lot. With a two-pronged approach to the white and the underworld, the market victory of the virtual currency is in sight, and I have joined the DGC company. Li Dingbo said excitedly.
In the corner of the restaurant, the two chatted quietly while eating, very engaged, and did not get up and leave until the meal time passed.
At the beginning of January, it is a holiday time in Western countries, and universities will have almost a month of vacation time. After the investigation in Cyprus, Chen Chumo and Li Dingbo did not rush back to the United States, but went to Germany, because there were important cooperation projects there that Chen Chumo and the new DGC president Li Dingbo decided to decide.
In the 2013 Cyprus bond crisis, Chen Chumo seized the opportunity to push a large number of bitcoins to Europe, which is destined to become a historical moment for the value of virtual currencies to shine!
The three musketeers of Chen Chumo, Liu Liu, and Li Dingbo seem to have cast magic on Bitcoin, which was worth $13 at the beginning of 2013 and then soared all the way to $1,242, the price of which is on par with gold. Although it has since fallen slightly, it still ended the year at a high price of $811, and the price of bitcoin has grown by more than 6,000% in just one year. Investors are beginning to realize how epoch-making Bitcoin's "decentralization" and "full regulation" are.
In fact, it is not surprising that the price of bitcoin can grow so wildly in Chen Chumo's opinion, everything is expected. To achieve such a proud result, the hardships of which are known only to the DGC Three Musketeers. In the past year, Chen Chumo has not had a good night's sleep, and it is common for him to go without sleep for several days. So diligent and hard-working, that the average day of rest is less than three hours, and it also includes the time to eat and go to the toilet, you can imagine how terrifying his work intensity is!
God rewards hard work, and Chen Chumo's achievements this year are also eye-catching.
In March 2013, according to the exchange rate, the total value of bitcoin issued worldwide exceeded 1 billion US dollars! Wu Han, who had a relationship with Chen Chumo, founded Bitland at the same time, made his own mining machines, built mining farms, and fully involved in the Bitcoin industry.
In April 2013, in order to cooperate with the German government to verify the benign properties of Bitcoin, the DGC company led by Chen Chumo gave a plate of cold water to the overheated Bitcoin market, and the price of Bitcoin plummeted by 80%!
In June 2013, the German government officially recognized Bitcoin's legal "money" status! Owners of the currency will be able to use Bitcoin to pay taxes or use it for other purposes, and Germany has officially become the first country in the world to accept Bitcoin. Prior to this, Bitcoin had not been endorsed and publicly endorsed by any government or central bank. The attitude of the German government has allowed the controversial Bitcoin to take a big step forward on its path to legalization.
In August 2013, the United States announced the legalization of Bitcoin!
In October 2013, the FBI shocked the world by taking a furlough from the government shutdown when they officially shut down Silk Road, the 29-year-old founder of the site, Ross Ulbright, and confiscated a total of 26,000 bitcoins worth about $3.2 million. As a result of this news, the value of Bitcoin fell rapidly. As of the end of September, the price of bitcoin was as high as $145, but as a result of this news, the price of bitcoin has fallen to around $119, a decrease of about 15%.
Retail investors do not know why, and believe that the United States has reversed its approval of Bitcoin. However, Bitcoin insiders believe that the U.S. government took this action because it recognized the value of bitcoin, in order to obtain the bitcoin in Ross's hands. Out of humanitarianism and inner jealousy, many Bitcoin fans denounced the U.S. government as an open plunder of citizens' wealth!
In November 2013, the U.S. Senate discussed the impact and opportunities brought by Bitcoin, and Federal Reserve Chairman Ben Bernanke also expressed his cautious optimism and wishes for Bitcoin, and the U.S. government began to study the innovation and development brought by Bitcoin to the financial industry. Bitcoin is starting a new chapter.
At the same time, Huaxia has officially become the center of the international bitcoin market. The highest daily trading volume has approached 90,000 bitcoins, and the highest daily trading volume has exceeded 200 million yuan, which has promoted bitcoin Huaxia trading network to become the world's largest trading platform. In just one month in November 2013, the price of Bitcoin increased by 5 times. Bitcoin ushered in the Chinese moment, led by Chinese buyers, Bitcoin broke through the $1,000 mark, reaching a maximum of $1,200, and once approached the price of an ounce of gold. Major mainstream media outlets are scrambling to report on the Bitcoin phenomenon. ChinaAMC's bitcoin exchange began to gain global bitcoin pricing power, and the market led the world. Some say it's a bubble, some say it's the currency of the future, and in any case, the era of Bitcoin has arrived.
Wu Han, who has been in the land for many years, waited for an opportunity to find Zhan Tuan, a senior who was ten years older than him, to develop a new high-performance bitcoin mining machine. Zhan Tuan was an electronics expert, and soon succeeded in developing mining machines, and Bitland began to sell mining machines to the world.
In December 2013, the Huaxia Central Bank clarified that Bitcoin is a "virtual commodity" rather than a currency. The "Notice" stipulates that financial institutions and payment institutions are not allowed to carry out Bitcoin-related business, and the Chinese government does not support the legal status of Bitcoin. In the five trading days after the news was announced, domestic bitcoin fell by more than 23%, and international bitcoin fell by more than 25%. It has caused a series of chain reactions, after a number of merchants who support Bitcoin payment have said that they will no longer support Bitcoin business in response to the spirit of national policies.
Subsequently, the governments of Canada, France, South Korea and other countries also introduced measures to deny the legal status of bitcoin. The bitcoin industry has been hit hard, but the notice defines bitcoin as a virtual commodity, so it is tantamount to a disguised recognition of the legalization of bitcoin transactions, so bitcoin is not completely blocked.
The price of bitcoin fell by 60% due to the ban on bitcoin by the central bank and the domestic third-party payment institutions that began to not support the transfer and withdrawal of bitcoin trading platforms, and then stabilized and rebounded back to about $800, driven by buying in the United States and Europe.
Since then, the Bitcoin market has been sluggish from 2014 to 2016, because the digital currency market is less frequently disturbed by the outside world, the number of new investors is decreasing, and there is no room for growth. In August 2015, the price of a single Bitcoin coin fell to $200, and then in 2016, the Bitcoin market ushered in great changes, the internal change was that the annual production began to contract, and the external change was affected by Brexit, the U.S. election, the surge of Asian investors and other events, the price continued to rise, and exceeded $1,000 as of December 2016.
2017 was a very important year in the history of Bitcoin, with an annual increase of 1,700%, and the entire price chart was like a roller coaster, with sharp increases and plummets that made investors crazy. The lowest price of Bitcoin in 2017 was $789 on January 11, and the highest price was $18,674 on December 18.
The layman looks at the liveliness, and the insider looks at the doorway! What is going on with the ups and downs of Bitcoin, the mystery is only known to Chen Chumo, the behind-the-scenes manipulator.
In 2013, planting melons and planting beans and beans were all the best. However, God seems to have gone too far, and when Chen Chumo gained a lot, there was bad news in Los Angeles that made him sad!
First of all, Xiao Xiao graduated from graduate school, and returned the New Era Entertainment North America Company that he had managed for two years to Chen Chumo through Wang Sisi, and resolutely returned to Huaxia. The heavens are separated, and they have completely drawn a line with him.
Later, his good friend Hollywood Walker died in an accident in a car accident, and in those few nights, Chen Chumo always dreamed of driving a red Ferrari and Walker's black Porsche drag racing on the Los Angeles highway, and his life was very depressing and sad. In order to get out of the shadow of losing a friend, and also to miss this laughing friend, Chen Chumo and several friends created a song called "lonly". Chen Chumo's music knowledge is limited, and music creation is almost impossible for him, so he has to add the famous Chinese song "Little Grass" and the melody of singer Jay Chou's "Snail" that he has listened to. Unexpectedly, this unintentional move was called a genius by professional singer friends!
In the beautiful city of Los Angeles, losing love and friends has become Chen Chumo's emotional Waterloo. After that year, no matter how lofty the political and business elite invited him to Los Angeles, he never set foot in that sad place again! Because some people, some things are destined to be shallow, and they can only bury them deep in their hearts, and touching them will only make them feel too embarrassed to live! Chen Chumo is naturally strong, and once something no matter how important it is, he is only willing to reminisce lightly from afar, and he will never let people see his cowardly side of admitting incompetence in the face of reality!