High School Belle Fell in Love with Me

Chapter 627: Chapter 269: Li Yang’s Secret Trump Card

Ning Hao suddenly received a large transfer.

He went to the bank and found out it was transferred by Zhang Mansheng, not a penny short.

Initially, he had mentioned earning some interest, but didn’t take any at this time.

He sent a message to Zhang Mansheng, asking, "Mr. Zhang, why did you transfer the money back?"

Zhang Mansheng’s reply was straightforward: "It’s your money to begin with. If you were dating Mengyu, I could have kept it for her as a dowry, but since you’re not, I definitely have to return it to you. However, those two bottles of wine, I drank them, so there’s no chance of returning them. By the way, don’t think about sending the money back; I’ve already closed my old bank account, returning it is a waste of effort."

Ning Hao said, "Even if you want to give it to me, you should at least charge some interest. I’ll transfer a hundred thousand via WeChat, you must accept it."

"Seventy thousand is enough."

"Alright!"

Very quickly, Ning Hao transferred seventy thousand yuan in batches, and Zhang Mansheng accepted it.

For Zhang Mansheng, this was already quite good; it didn’t count as taking advantage of Ning Hao’s money.

Ning Hao indeed adhered to principles, managing to uphold them even in the face of over 700,000 cash; Zhang Mansheng couldn’t find any fault with him in this regard.

At this point, Ning Hao carefully calculated his financial situation.

After spending over two million to attend a charity gala, he was left with only 1.7 million. He gave his parents 120,000, which they saved up, and he intended to invest all the remaining amount into the company.

Zhang Mansheng had transferred 710,000 to him, and he sent back 70,000, leaving 640,000.

Therefore, he gave Zhang Mengyu a call.

"Miss Zhang, your dad said he wants to invest in my studio. He mentioned no need to sign a contract, but I think it’s still better to have one. Could you come over, please? Don’t let your dad know about this for now..."

Half an hour later, Zhang Mengyu arrived.

Ning Hao first showed the screenshot of Zhang Mansheng’s transfer, then showed previous earnings screenshots.

He deleted part of the chat history, piecing together a somewhat complete narrative since he had discussed starting a studio with Zhang Mansheng.

Zhang Mengyu understood her dad’s thoughts; after all, it was fair to give Ning Hao a break, and investing the money in him made sense.

Under Ning Hao’s strong insistence on signing a contract, she casually signed it, anyway, she wouldn’t intervene in the studio’s operations, even if Ning Hao lost everything, it wouldn’t concern her.

After all, it’s just a piece of paper, Ning Hao can rest assured, it doesn’t matter to her, and she didn’t let her dad know.

If it did make money in the future, her dad probably would accept it as well.

Each took a risk, and it’s easier to divide the profits.

Unlike now, just simply benefiting from Ning Hao.

...

At the same time, Chen Peipei was gradually clearing out the Bitcoin short contracts.

Last year’s Bitcoin surge went from 1,000 US Dollar to 20,000 US Dollar, and the contract inversion on their platform became more and more apparent, filled with long positions.

Initially, the platform’s hedging means were increasingly weakened, as short contracts were inverted by nearly five points.

The platform found it impossible to continue eating up Bitcoin from the market; that’s when Li Yang approached her, asking her to open short contracts using her personal account.

This was risky, as if Bitcoin surged too much, the inverted profits of a few points wouldn’t cover it.

After all, Bitcoin transactions take time, with various miner confirmations before and after, the entire process takes at least half an hour.

This is why many people don’t like to trade spot; it has certain lag, far less exciting than contracts.

It was fine as long as the platform was reliable.

Several other platforms in such a booming market spared no cost to open contracts inverted by five or six points for hedging, attempting to earn more money.

Then, after the New Year, Bitcoin suddenly crashed.

It plummeted from the price of 20,000 dollars to 17,000 dollars in an instant, many platforms’ long positions liquidated, forced to close the positions.

Forced liquidation meant buying lots of short contracts, thus... platforms had to buy Bitcoin for hedging, causing them to hold more and more Bitcoin.

But as Bitcoin’s price continued to drop, platforms suffered severe losses, occasionally shutting down to buy some time for themselves.

Yet the market remained very panic-stricken, the number of short positions increased, and the Bitcoin they held depreciated more and more severely, almost losing a year’s worth of platform profits.

Thus... several small platforms directly closed down, while a few larger platforms occasionally shut down to recover.

Only Li Xiao and Chen Peipei’s Huobi Platform never shut down, taking the opportunity to attract a large number of users.

Of course, the platform also faced a problem: too many short contracts meant they needed to sell lots of Bitcoin.

As Bitcoin’s price kept dropping, now down to only 7,000 US Dollar, even Chen Peipei’s platform was finding it hard to handle.

The short contract Li Yang asked her to open in her name before now came in handy, because longs and shorts are opposing; opening a short contract equaled owing the platform a spot, needing to buy spot to cover it.

This spot was the long position.

The short that Li Yang had her open now became the underlying long; otherwise, without any longs, the platform couldn’t trade at all.

When other platforms had long contracts inverted by six or seven points, Chen Peipei’s platform’s long contracts only inverted by three points, naturally attracting more people.

Some platforms even secretly came over to grab long contracts and hedge against their own platforms.