Assuming we say assumption oh
Assuming you have SpaceX stock worth $60M that is about to IPO. Waiting around is a bit boring, and you want to make some money from the SpaceX you have, what should you do?
I have an idea:
1. Collaborate with a cryptocurrency exchange to sell it to the exchange at a valuation of $1.55 trillion.
2. The exchange then sells it to the crypto community at a valuation of $1.5 trillion, as this is a very good marketing and attention-attracting method for the exchange.
3. The crypto community needs to deposit money first to buy, helping the exchange to accumulate funds, and then it will be distributed proportionally.
4. The community members are all just looking to exploit, and no one really wants to buy, so most people will surely sell their shares as soon as they receive them, driving the price back down to the subscription price of $1.5 trillion.
5. You then buy it back from the community members at the price of $1.5 trillion.
In this way, it’s a three-way win: you earn 3% in a few days, the exchange gains attention and deposits, and the community members think they’ve seized a quick money-making opportunity. Although they ultimately didn’t make any profit, they also didn’t incur any losses, so they praise the exchange for having a big picture vision.
Well, I am an important part of this play, that chive…