Becoming a professional OTC trader from scratch [Part 2]

After the first part was published, I received a lot of rewards. Thank you very much. This time I will publish two small articles. Some people suggested that I publish them all at once, but there will be a problem. This is a manuscript from a few months ago. I need to revise it carefully if I publish it now. It will be very difficult for me to revise it all at once. In addition, I hope this article will be helpful to people who want to do this business. It may be more meaningful to publish it slowly. Don't rush me. I will try to publish one article every day. If I am on a business trip or don't have time, I will delay it. I may have to insert other articles in between. The official account can publish one article every day.

Part 2: Registration and Release

Before registering, Lao Mao took a look at the profiles of traders on the homepage of LBC. Except for Dong Shu and Jiu Yi whose transactions looked a bit like copywriting, the profiles of the others were a bit too shabby. It turned out that they could do hundreds or thousands of transactions. This gave me a lot of confidence. Lao Mao had more than 5 years of experience as an e-commerce (Taobao) seller, so he was confident that he could find a selling point and develop some customers. So, I gritted my teeth and started to register. From that moment on, Lao Mao's journey as a trader began.

The registration process is not too difficult, but due to the design of the security system, it is still much more troublesome than registering on most domestic websites. The most important point is that to be a seller, you must use your passport for real-name verification. Fortunately, Lao Mao still has a passport, otherwise, a future excellent trader may fail at this step.

In addition, since the server of this site is located abroad, the login is not stable. If you need a stable login, you must use a VPN to achieve it, especially the real-person verification during registration, which is almost impossible to solve without a VPN because this real-person verification uses a Google tool.

Fortunately, I had a tool to circumvent the firewall at that time, so the access was relatively stable. If I didn’t know how to circumvent the firewall at that time, perhaps there would be no maybe (on the importance of circumventing the firewall, 1,000 words omitted here).

To trade on LBC, you must climb over the firewall. It is very painful for people who don’t know how to climb over the firewall to learn how to climb over the firewall. However, considering that if you want to become an excellent trader, learning how to climb over the firewall is a very high return, please pay attention, don’t ask me how to climb over the firewall. I am not responsible for answering this question, because I don’t have a recommended website, and I can’t teach you my way of climbing over the firewall. If you can’t handle climbing over the firewall, don’t count on making money from it. Maybe there is an option, you can go to "Bikan" to register as a trader. "Bikan" has launched an OTC trading function. You can practice first to see if you are suitable for this. (Newly added before this paragraph is published)

After all the information is submitted, the transaction cannot be released immediately. I waited for two days and received a notification that my passport upload was not complete and needed to be re-uploaded. Ok, I did it.

Two days later, I received an email reminding me that my registration was complete, so I started publishing my first transaction “with excitement”.

Before I published the transaction, I saw that the transaction mode of LBC China was mainly bank transfer, with Alipay being a minority. In order to make my transaction more differentiated, I first published the transaction through the Alipay channel. On the afternoon when I wrote the article, Alipay and bank transfers had each occupied half of the market. In fact, I have been quietly exploring the WeChat payment method, and the number of WeChat payments is also very large, but the official has not listed this mode until I stopped trading on LBC. I heard that this payment method could be marked, but I did not verify it again.

After publishing the first transaction, it was not displayed on the webpage. After careful research, I found that the balance of Bitcoin on the platform was too small. I transferred a coin very carefully, and after confirming that it would arrive in the account, I waited to start the transaction. Don’t joke, I am going to reach the peak of my life because of this!

Part 3: Start Trading

After nearly a week of hard work, I finally completed the transaction release. However, it is certainly difficult to gain people's trust with 0 transaction volume. As a citizen of the Chicken Country and a Taobao seller with 5 years of experience, this is not a problem. So, I found Sun Xiaoxiao, who has joined the Star Fleet (Star Fleet is the name I gave, because almost all members are well-known figures in the Bitcoin circle, it can be called a super luxurious all-star lineup), and asked him to register a vest to trade with me and break his virginity. Xiaoxiao readily agreed.

Jiuyi told me before that if I need to make two transactions first, I need to make them as real as possible, otherwise there will be trouble. I told Xiaoxiao this key point, and then Xiaoxiao started to perform...

On June 29, 2015, LBC's first order was completed with Xiaoxiao's cooperation. Xiaoxiao really loves to act. After completing one order, he was still not satisfied and wanted another order. So, I gave all the sofas and benches in my trading sequence to Xiaoxiao. The transaction price on that day was 1586, which is almost the same as the market price when I wrote this article today (2015-10-7). This can be regarded as a small coincidence.

I admit that in order to get as many customers as possible to trade with me, I used a low-price strategy at the beginning. Accumulating trading volume was my main goal at this stage. Perhaps because of the price, the real transaction took place at noon the next day (June 30), and 1 bitcoin was sold. In the evening of the same day, a large order of 6 bitcoins was completed, and it was a profitable transaction. This gave me great confidence. It turned out that OTC trading was so simple.

But there was really no good business. For a whole week, there was almost no inquiry form. Jiuyi said that his business was very busy every day. This made me feel a huge gap. Is there something wrong with my copywriting and page? Or is my credit score too low and really unattractive? My price is almost the lowest! Although there will be SMS notifications if there are transaction reminders, it is an overseas website after all, and sometimes there will be a delay of several hours. Is this reliable? Is there any way to do it?

I began to study the advertising content of other traders more carefully. I found that users with large trading volumes all had ways to receive overseas payments. So I began to focus on overseas remittance trading methods. Is this the right direction?