novelraw Chapter 392 - 189: If Even I Can’t Bear to Bully Them, What Right Do They Have to?
Chapter 392 - 189: If Even I Can’t Bear to Bully Them, What Right Do They Have to?
Li Yang didn’t pay much attention to the issue of the yellow bike being intercepted at first.
On Sunday, he went to the Bitcoin Exchange Center in Zhongguan Village.
His arrival was warmly welcomed, as his reputation far exceeded anyone else’s in the room put together.
Present were Wu Han, a Jing University finance graduate, Liu Peng, a science fiction writer, Zhang Nan, who dropped out of Qing University, and of course, the well-known Li Xiao.
In this exchange center, everyone is working on their own projects.
For example, Wu Han and Liu Peng are running a Bitcoin forum called Babbit.
Zhang Nan, who dropped out of Qing University, started a company focused on making mining machines and created the world’s first ASIC Bitcoin miner, Avalon.
Li Xiao is the person with the most Bitcoin in China, holding more than 100,000 Bitcoins at a very low cost.
He is mainly serving as a mouthpiece for Bitcoin promotion now.
After all, if Bitcoin isn’t promoted, the money he invested would go down the drain.
Li Yang behaved humbly and low-key since it was his first time there.
The topic of their conversation was simple: Does Bitcoin have a future?
Zhang Nan needs to sell more mining machines, Wu Han and his team need more traffic for their forum, and as for Li Xiao...
After talking for a while, Li Xiao said to Li Yang, "Li Yang, my little brother, are you interested in Bitcoin? Want to buy some to play around with?"
After thinking for a while, Li Yang said, "Big brother, I’m not very familiar with this yet. I plan to learn more about it before deciding."
He knew Li Xiao’s intention was to get him to enter the market so that his reputation could be used to attract more people.
However, once others got involved, it wouldn’t have much to do with him.
Is Bitcoin meaningful? Definitely, at least it has some financial significance.
To say it’s meaningless isn’t wrong either; it’s just a virtual currency, a so-called encrypted string of code.
In summary, it still requires funds to enter the market, and to let Bitcoin follow the trajectory of the last lifetime, no major incidents should occur.
His involvement could indeed bring in funds, possibly even pushing Bitcoin’s value up to 500 US Dollars, 800 US Dollars in a short time.
But it would also completely block other funds from entering.
Like a stock, those capital groups or institutions won’t rush in without holding some chips first.
The more chips he holds, the less attractive it is to other funds, who’d rather pursue other opportunities than play with Bitcoin.
After exchanging contact information, the first meeting ended.
That night, Wu Han posted photos of the meeting on the forum, highlighting Li Yang.
He listed all of Li Yang’s titles, sparking a short-lived buzz.
After all, people went straight to Li Yang’s Weibo to ask if he was interested in buying Bitcoin, to which Li Yang plainly replied, "No, I hadn’t even heard of it before this, merely went by coincidence, and have little interest in Bitcoin in the future. Investing in something entirely uncertain, I’d rather put my money in Wanliu Capital, because I believe in Jiang Banxia’s ability."
After Li Yang clarified the matter, the buzz died down.
As Bitcoin prices remained around 200 US Dollars, some Bitcoin players in the country grew restless.
Because mining costs were becoming quite high, with electricity costs nearing 100 US Dollars, and adding mining machines and manpower, costs were over 200 US Dollars.
Bitcoin was over 400 US Dollars last year, the profit margin was decent, but now there’s no profit.
On the Babbit forum, Bitcoin sales posts were everywhere.
Li Yang initially planned to register a secondary account and seize this chance to get some Bitcoin, but then the news of ofo’s financing broke out, and Li Yang saw the boss of Yuancheng Capital.
Ye Zhen.
He never knew what the other party was called before, as David never gave a nameplate, which didn’t allow it.
"Turns out it’s the Cen Family..."
The tighter the Cen Family holds on, the more he likes it.
Though many things were unclear, even in a small project like ofo, the Cen Family could involve themselves. For other projects, they’d probably have started investing, and with a heavy hand, too.
At this point, everything came together!
In Li Yang’s view, ofo had many issues, temporarily masked by the expansion force of new models.
Of course, this also came with David’s ambition.
Although David secured over 20 million in funding this round, his ambitions undoubtedly extended beyond that.
Within at most two months, he might start an A-round of financing.
After all, ofo managed ten financings in two years, with David extracting interests step by step.
Li Yang temporarily shelved the idea of buying Bitcoin, as he couldn’t buy much anyway.
Besides, Bitcoin showed no upward trend for half a year, unable to break 300 US Dollars.
During this low period, big players began entering the scene, and it wasn’t the right time for him to take a stance, to avoid unexpected changes.
Meanwhile, he continued attending classes and visiting the Jing University Entrepreneurship Center.
Most of the ventures at the Jing University Entrepreneurship Center are internal, and all are run by students.
Some are delivering the last-mile campus courier services, others are working on ground-promotion team projects, and of course, some are involved in research and development.