Chapter 61
Joshua was incredibly busy, juggling Bitcoin trading, closely monitoring market trends, and working through practice tests. His schedule was so packed that he barely had time for anything else!
He had put in his utmost effort for the second monthly test leading up to the SATS.
Recently, he reviewed a massive number of questions and mastered all key topics, making the test feel effortless.
He managed to get first place at 27th Street High, even achieving perfect scores in three subjects.
When the results were announced, his name spread like wildfire across the school, and classmates lined up to congratulate him.
The excellent results gave him a sense of accomplishment. He quickly refocused on devising strategies for potential SATS questions and continued his rigorous studies.
Time flew by, and three days passed in the blink of an eye. During this time, Joshua kept trading Bitcoin, doubling his assets from 40,000 to 80,000.
As he had predicted, Bitcoin’s price experienced a significant surge, skyrocketing by 80% in just three days.
Recognizing the trend, he anticipated an imminent decline. Without hesitation, he sold all his holdings, preparing for the upcoming dip.
He expected Bitcoin to hit rock bottom soon, dropping below 20 dollars per coin, possibly as low as 18 dollars.
When that happened, the market would plunge into chaos, with countless investors lamenting their losses.
But Joshua knew this crash would be temporary. Once Bitcoin hit its lowest point, it would rebound.
Behind the scenes, international capital was manipulating the market, exploiting traders‘ gambler mentalities to rake in massive profits.
All Joshua had to do was wait patiently for the dip before buying back in.
There was no need to rush. With significantly more capital than he had a few months ago, he was well- positioned to purchase an even larger quantity of Bitcoin when the time was right.
Meanwhile, Joshua’s mind was already buzzing with ideas for new ventures.
The new project had to be fast, precise, and reliable!
Most importantly, it had to generate massive profits.
Joshua still had to focus on preparing for the SATS.
With just over a month left until the SATs, time was tight. However, once the SATs were over, they would have plenty of time to spare.
But Joshua didn’t plan to waste his preparation period. Instead, he intended to team up with Tom, Gwen, and Edith to launch a feasible project.
“I have 80,000 right now. If I manage it properly, I could turn it into my first million within a month! By the time the SATs are over, my funds should reach around three million. With that, I could start pursuing some serious ventures!”
“Investing in real estate is out of the question. Three million isn’t nearly enough. Mobile games are also not viable. The market’s oversaturated, and the boom over the past few years has made competition so fierce
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Chapter 61
that breaking through would be almost impossible for the four of us.”
“There’s another option: investing in electric vehicles!”
“I can see that the market for electric vehicles is going to thrive over the next decade. With Tesla entering Cathay’s market, countless EV companies will spring up. The year 2013 will mark the beginning of a major wave for electric vehicles!”
“But building a successful EV business would require billions of dollars. With just three million, we wouldn’t even make a dent.”
“What could bring in quick profits? It has to be scalable and capable of reaching a market value of 5 billion dollars or more within a year or two.”
Sitting at home, Joshua brainstormed relentlessly, crossing out ideas that didn’t seem feasible.
As high school students, their options were limited. Ventures that required excessive effort simply weren’t realistic for them.
They didn’t have the luxury of time.
He needed to choose a project that wouldn’t drain their energy but still had the potential to generate significant profits.
“Got it!”
An idea suddenly struck Joshua, and he couldn’t contain his excitement as he scribbled down two words: “Bike–sharing!”
In 2013, bike–sharing was undeniably a fresh concept with the potential to gain massive popularity and help Joshua generate significant profits in a short time.
Currently, bike–sharing services existed in Kepong, but they were government–led initiatives. The private sector was barely involved, and most services were still under government control.
However, with the rapid growth of mobile internet, bike–sharing was poised to flourish by 2014.
Famous names like MoBikes and Ofold Shared Bikes would emerge after 2014, but for now, no one truly believed in the viability of bike–sharing as a profitable business model.
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