Chapter 217 An Unprecedented Hurricane in the Cryptocurrency Field
Samad’s account received a lot of attention on Twitter. Within a month, large funds were actually operated, with a 100% winning rate. This was like a tsunami in the currency circle. Sweeping every practitioner.
The birth of BTC is closely related to computing power and graphics cards. The development of artificial intelligence has allowed BTC to have various price prediction models for a long time.
Before Samad, the most famous price prediction model in the industry should be the LSTM model, which has been used in predicting BTC prices for a long time. People have built different models based on LSTM.
(LSTM, long short-term memory network, a latent variable autoregressive model, which has been verified as a reliable model in BTC price prediction.)
With an accuracy of more than 15 days, some price prediction models based on LSTM can achieve an accuracy of 69.9%.
But 100%, let alone no one has done it, no one has even heard of it.
The price of BTC is rising, the market size is expanding, and more and more people are studying BTC. There are many full-time players around the world who make money by studying BTC, as well as all kinds of people who hope to get rich overnight through cryptocurrency. Gold digger.
Cryptocurrency is a larger market, and its size far exceeds that of BTC.
People have been exploring various price prediction models a long time ago and trying to make arbitrage through these models.
It was previously widely believed that no model could guarantee a 100% winning rate in the cryptocurrency space.
There is a famous question on quora, can we use deep learning models to predict future BTC prices?
All the answers with the most likes below this answer are:
“No, because cryptocurrencies, including BTC of course, are an unregulated futures market, that is, This means that not only is it easy to manipulate, but there are no regulatory penalties for such manipulation.
The deep learning model cannot take this into account. If you want to achieve 100% arbitrage, then you probably have to have several transactions. So, one is not enough.”
“No, because the advantage given by any indicator will eventually be arbitraged or fronted. For example, if an indicator tells us that BTC is about to rise, then as traders use this indicator on a large scale to buy call options, the indicator will eventually Becoming less reliable, until it is worthless.”
There are many similar answers, and no one thinks that BTC is predictable.
Until the emergence of Samad, this question was raised again. Everyone took Samad as an example and ridiculed the answerers for their lack of foresight.
Some of the respondents stood up and said: "It's only been a month, this time can't mean anything."
Two months later, Samad's BTC holdings are still rising, with a total of 60 There is no day when the final return rate is negative, and the asset size increases every day, even if various events occur during the period.
For example, when China took back the Penghu Islands, America claimed that this was unacceptable. All parties were quarreling and the capital market was in turmoil.
The world is changing, but Samad is the only one who never stops posting a screenshot of his profit for the day every day at 10pm Kuala Lumpur time.
In the second month, his post even included every transaction.
All cryptocurrency podcasts around the world are discussing who Samad is, the purpose of updating the real price every day, and what strategies he has adopted.
"Good morning, dear listeners. At 8 o'clock last night, Samad updated his account screenshot as usual. The account profitability distributed across 3 exchanges with a total market capitalization of more than 100 million US dollars was once again is positive.
Samad has maintained this record for 60 consecutive days, and its number of Twitter followers officially exceeded the 100 million mark on this day.
The number of global cryptocurrency holding accounts is around 220 million, and the actual number of holders is probably less than 200 million. In other words, more than 50% of cryptocurrency holders follow Samad. This is an astonishing ratio.
I am very curious when the number of followers of Samad’s account will surpass that of Musk. In a sense, Samad’s appeal in the cryptocurrency circle has surpassed Musk’s.
Once he says he is optimistic about a cryptocurrency, that cryptocurrency will start to skyrocket within a minute.
This is also the consensus of practitioners.
I believe that Samad’s Twitter backend has received letters from web3 practitioners, hoping that he can stand up and speak for the virtual currency he operates.
However, Samad is as unshakable as artificial intelligence in updating his trading screenshots.
I know how many of the listeners in front of the radio hope that Samad’s myth will continue, and how many people hope that Samad’s myth will be shattered.
This morning’s Samad moment is over. We will simultaneously broadcast Samad’s Twitter sharing every day. Next, let us enter today’s industry trends. Well, I took a look at the industry trends. , still full of Samad elements.
Big bosses from all parties stood up and expressed their hope to get to know Samad and cooperate with him.”
Samad has formed a tsunami in the cryptocurrency circle. As time passes, Samad’s unbeaten record continues, attracting more and more attention. In the virtual currency circle, Samad’s name is known to everyone. People don’t know.
Cryptocurrency podcasts have been booming in recent years. The host of the podcast does not talk about Samad’s latest achievements in the opening remarks, and the listeners who click in have no interest in continuing to listen.
Samad is like a hurricane and everyone is forced to talk about it.
The exchange where Samad has registered an account should also take advantage of this wave of popularity and show his sense of existence: I am the exchange chosen by Samad, is it credible enough? Come and play with me.
The exchanges that were not selected sent private messages frantically in the backend of Twitter, always feeling like they were inferior without Samad certification.
Oraz Krebayev felt like he was in the middle of a hurricane.
Since joining Alpha Technology, he has been walking on the streets of Kuala Lumpur, smelling the moist air in the rainy season. He will have the illusion that he is in the center of a hurricane, and reality and virtuality are intertwined at this moment.
Before Oraz became Alfa Technology’s first employee, he hosted a personal blog on the Malaysian Internet, where he often updated information related to cryptocurrency and cryptocurrency regulatory strategies in Malaysia. article.
It was an ordinary day like before. After he put up an article he had prepared for a long time: "Malaysian Cryptocurrency Regulations-2024 Guide", he lay in bed as usual, thinking about the next issue. content.
“In the 2019 Cryptocurrency Regulations, Malaysia does not recognize cryptocurrencies as currencies or payment instruments, they consider them to be securities. Because of this, it is regulated by the Securities Act, not the Currency Act.
Malaysia’s central bank has been warning about the risks of cryptocurrency, believing that digital assets are not a store of value and a good medium of exchange.
Malaysia’s communications and multimedia sector believes that digital currency should be vigorously embraced, cryptocurrency should be promoted to become mainstream currency, and young people’s participation in cryptocurrency should be expanded.
The different stances of the two have caused cryptocurrency to remain in a murky zone in Malaysia. It is difficult for you to have a clear regulation to define what it can and cannot do.
This time I wrote about the changes in Malaysia’s cryptocurrency bill. I can feel that this change in the law is preparing for a unified legal framework for digital assets and related assets in the future.
Then next time I can write about what Malaysia plans to do in the field of cryptocurrency law in the future. "
While thinking about what to write in the next article, Oraz received a private message on Twitter: "Hello, I read your personal blog and think you are very talented. Would you like to work for me and get paid $50,000 per year, paid weekly in cryptocurrency? ”
Olaz immediately sat up straight from the bed. It’s not surprising that the person named Samad on Twitter knows his personal blog, because he pinned it to the top of his blog, and his blog is in Malaysia The area is relatively well-known.
But this amount is a bit of a joke. An annual salary of US$50,000 is definitely a high salary in Kuala Lumpur, even in the cryptocurrency field.
There are many cryptocurrency companies in Kuala Lumpur, such as NecoFinance, Robinhood, Coinbase, etc. The annual salary of cryptocurrency experts at these companies ranges from US$50,000 to US$576,000
But these are cryptocurrency experts. At best, he is an enthusiast who is extremely familiar with the laws and regulations of cryptocurrency in Malaysia. With his resume, he can't even go to Robinhood.
50,000 US dollars was enough to make Oraz feel satisfied. He clicked on Samad's account and took a look. There was only one tweet and a few pictures, and the account balance totaled more than 50 million US dollars.
There was only such a tweet, so Oraz suspected that the other person was playing tricks on him.
Considering that there was no loss in replying, Oraz carefully typed on the iPhone keyboard and replied: "Mr. Samad, I am willing to work for you. Can you tell me where the interview is?"
Twitter quickly replied to him: "No need for an interview. Send me your cryptocurrency account. If you don't have one, please register. I will send you this week's salary right now. You will be paid tomorrow." You can start getting ready for work at nine o'clock in the morning.”
Oraz looked at the extra 961 US dollars worth of BTC in his account with a dull look. Could it be some criminal group?
Later, he never met Samad, but received work instructions from Samad on WhatsApp.
Renting an office, recruiting people, setting up a company, and establishing an internal organizational structure have nothing to do with cryptocurrency, and the subjective initiative he needs to exert is zero.
Oraz found that he didn’t need to have a brain at all, he just needed to follow Samad’s orders.
The work assigned to him is also a no-brainer.
Oraz has always kept the chat record of the conversation with Samad’s Twitter account. As Samad’s reputation swept the entire cryptocurrency circle, Oraz would often look at Samad’s account homepage from this chat record point.
He watched the number of fans of this account go from less than 10 to over 100 million. As a senior enthusiast, he also watched how Samad became an unknown pawn and a legend in the currency circle.
In just two months, the total market value of BTC, which was previously 50 million, has exceeded 200 million US dollars. During this period, BTC also experienced a round of plummeting.
Oraz was filled with admiration for his boss and the urge to see it with his own eyes.
It’s just that the other party never gave him a chance, like a robot giving orders, never giving him room to chat.
"Go and sign a purchase contract for the Haohan-I quantum computer with a Chinese company called Quantum National Shield."
A purchase contract was immediately sent.
"Let the legal affairs and external law firms review it, and then sign according to this."
Such an order filled Oraz's heart with various speculations. The outside world generally believed that Samad Relying on breakthroughs in the field of algorithms, an unprecedented stable rate of return has been achieved.
A rate of return of four times in two months is not high in the cryptocurrency world where myths abound. Thousands of times the rate of return pops up every now and then. The scary thing about Samad is the stability of the rate of return. There is no retracement in a straight line. The upward curve is terrifying.
I feel that I am not fighting against people, but against God.
It is even more difficult to achieve such a large amount and announce it to the whole world in full view of the public.
“Could it be that quantum computers have an unimaginable effect on the prediction model of cryptocurrency?
After China achieved a breakthrough in the field of quantum computers, various media were talking about quantum computers. There is still a long way to go before practicality.
Quantum computers are still in their infancy.
Has the boss already found a use for it?
I think so, otherwise why would we spend less than 1 billion US dollars to buy China’s quantum computer? ”
At present, except for Oraz, no one knows about the explicit connection between Samad, the influential cryptocurrency tycoon on Twitter, and this little-known Alpha Technology.
Even if the owner of Alpha Technology registered in Malaysia is named Samad, no one would associate this Samad with that Samad.
However, the hurricane caused by Samad will soon sweep across the world and make the world aware of it. Who is there in Samad?
(End of this chapter)