Chapter 165
$1
When Tay’s price fell 1 cent, not many investors noticed the odd sign.
―If you sell it now, it’s 99 cents.
―If you wait, it will normalize.
―Is it a momentary error? hehe
An occasional error for coins with a market capitalization of over $30 billion.
A lot of posts about Roona were posted on the coin bulletin board.
– I’m anxious. Kim Shin-hyung told me to sell it… … .
―I don’t feel bad about it. The 20% interest rate is a waste, but I have to shake it off this time.
-I know. There are many other ascending coins, so switching isn’t a bad choice.
Some investors who were holding Loona disposed of their coins.
Most of them chose to keep it as it is because it has a sweet interest rate and the coin that has risen the most this year.
―Why is Tay 97 cents?
-Does it keep falling?
―Do not sell now, wait. 3% loss.
Tay’s price fluctuated for a while and seemed to recover to $1, but then began to fall without hesitation.
It was a tay whose value was fixed at 1 dollar, but it fell to 99 cents, 98 cents, and 97 cents.
―Tay is 95 cents now, but it keeps dropping.
―Roona dropped by 13% in a short time.
-What? what’s going on
Loona investors were well aware of what had recently happened on Earth Resources’ exchange.
Even if you don’t believe Kim Shin’s words 100%, I heard why the coin evaluation was F and what he said.
―Didn’t you say that a sudden collapse could happen to Roona?
―Loona sales are pouring in?
―I don’t know what it is, but I’ll have to sell it and see.
―You have to cut your hands first.
The number of people who wanted to sell Roona on the coin board increased.
―Roona 23% drop!
―Tay took 90 cents.
―What is it, why is this happening now?
―The volume of sales in bulk is enormous.
The stock exchange was overflowing with Tei and Roona.
It was around two hours after Tay’s one-dollar fix was broken.
—Tay 70 cents.
―Roona has fallen by 55%?
– Crazy. It’s the money I put in after subtracting my severance pay, but can I get the principal back if I wait a few months?
―Daddy, wake up and sell even now.
The coin bulletin board was covered with articles about Roona and Tei.
– The price decline does not stop.
―It is scary that a coin worth more than 33 billion dollars and the 9th largest coin by market cap is cut in half in a matter of hours.
―It is said that coins have no bottom, but Jobcoin is not like this.
―Roona, I finally shot -80%. haha
Even those who have invested in coins for several years and experienced the crash of early 2018 were the first to experience a situation like today.
―Roona rose by 20% again.
―Did you think it was cheap, and the buying power came in? Hit the bottom, will you recover?
– Possible dead cat bounce.
-Dead Cat?
―It means that even a dead cat will bounce if it falls from a high place.
―If you buy Roona now, you can eat two or three times as much right now, but you have to invest in a crisis.
The price of Loona fell 30% in 10 minutes and rose 25%, so it was completely unpredictable.
Now, while coin investors around the world are paying attention, active transactions have been made.
-It falls again.
―Isn’t this drop unusual?
―Do you have any buying power?
―It is staggering that the amount is pouring out. nobody gets this
And it ended up dropping 96.9% in 24 hours.
If you invested 100 million won in Roona, you would have 3.1 million won left over.
―Roona Gazuaaa!
―I burn only 10 million won. It’s a chance to eat 30 times more if you recover again.
―If you rebound here, it is better than the lottery.
Aggressive investors rushed in, aiming for a quick get-rich-quick.
The next day and the day after that, it fell.
Roona sank with the forces of low-priced buyers.
The weekly return is -99.99999%.
Investors were dumbfounded by the rate of return and the estimated amount on the trading screen.
―You boldly invested 100 million won in Roona, but do you know how much is left?
-How much is left?
-10 won.
-really?
-yes… … .
―Roona is a coin that all holders are equal.
-why?
– It doesn’t matter when you bought it. The difference between the rate of return is -99.99999% and -99.9997%. Anyway, few people have balances over 100 won.
* * *
The keyboard battle with Kwon Do-jin was a disastrous defeat for me.
[Kim Shin is lying.]
[Isn’t Roona proving it in reality? Need more theoretical explanations?
Simply put, Kim Shin is ignoring reality. He became an ugly rich man who believed he was right, with his eyes closed to justice.]
[Earth Resource’s coin rating will remain a rare, stupid comedy.]
[The reason why the future of the coin network is not bright is probably because of Shin Kim. Respected by people, he is obsessed with his own egotism and blocks the future of finance.]
[I want to send dentures to Shin Kim’s address.]
It was bound to be an unfavorable fight from the start.
Compared to Do-Jin Kwon, who could just throw out any word, I couldn’t do that.
He was the representative of Earth Resources, and received the attention of the media and many people.
‘Even if I don’t necessarily become a saint, wouldn’t it be a loss to have a dogfight like this even if I won?’
I was just getting hit by the keyboard wielded by Kwon Do-jin.
〈Goldman Sachs, “It was a great honor to be able to take part in Rowona’s stress test.”]
〈CEO of Morgan Stanley, “It was a short call, but we were able to see Kim Shin’s insight into the virtual currency market. We believe that Earth Resources has done what is necessary for the future of the cryptocurrency industry.”
World-class financial companies helped me in media interviews.
I don’t know if it was intentional or in response to reporters’ questions.
[It is desirable for Roona to exit the Exchange of Earth Resources.]
When Kwon Do-jin’s SNS came up, I thought about it without getting excited.
‘The opportunity isn’t bad. Wouldn’t it be better to export it from the exchange?’
Other coins only drop in price when investors turn away from them.
Tay and Roona could collapse due to the danger of the algorithm itself.
Furthermore, if there is any complaint in the future, I think Kwon Do-jin will blame me.
‘Loona’s fee is quite high, but well… … I don’t regret it even if I don’t have it.’
9th in total.
Loona, the coin whose price and trading volume soared the most this year.
Even so, it did not affect the exchange’s sales by even 5%.
At the current growth rate, the reduced sales could be recovered in a week.
‘Gone are the days of harboring even malicious customers.’
[At Earth Resources, we do not catch those who want to leave.]
I decided to leave Roona and Tei and drank a can of coffee.
It wasn’t regrettable that sales decreased for some time, but it was while soothing the bitterness of losing the keyboard battle.
Oh Myung-woo came and patted me on the shoulder.
“You lost.”
“okay. I couldn’t even fight properly and lost.”
“It seems like a loss because I didn’t know the basic principles of keyboard battles.”
“A basic principle?”
“You should be able to say anything on the net. You shouldn’t see the other person as a human, you should think of it as an NPC. There are no manners to observe. Anonymity is a great defense.”
“… … .”
I realized that the world of keyboard battles can be so harsh.
During the 3-day clearance sale, Roona’s trading was active on Earth Resource’s exchange.
Those who sell sell, those who buy buy.
said Leonard.
“It seems that Taform Labs is buying a lot of Loona.”
“okay?”
Until now, Taform Labs must have made money by selling Roona.
There was talk of holdings of $8 billion.
Because the coin industry is special, it was close to impossible for a general company to accumulate profits close to $8 billion a year.
“If the price of Roona drops after a quarrel with the CEO, it will hinder our future business. It seems to be exiting the exchange while buying Loona.”
“okay.”
“In order to raise funds for the purchase of Loona, Taform Labs is selling a large amount of Source Coins it holds, but there is no significant impact on the market price.”
Although there is a lot of release of source coin in a year and a half, the price has risen a lot.
Taform Labs sells more than 5 billion dollars worth of source coins, which have been digested by investors in the market even if they do not buy them.
Officially ending transaction support for Roona and Tei.
It wasn’t as if the tooth he had been suffering from was missing, but he thought his relationship with Kwon Do-jin ended here.
‘Eat less, live roughly.’
The memory of losing the keyboard battle will remain for a long time.
Leonard reported three days later.
“The price of Loona is dropping significantly.”
“yes?”
The news that the price of Roona and Tei is plummeting.
I watched the situation in real time, and the prices of Tay and Loona were more than 50% apart.
Usually, when the price declines by 20 or 30%, low-priced buying tends to come in, but it has descended almost vertically.
“Leonard, Loona’s sales volume is staggering. What is this?”
“There is a mix of orders from investors trying to sell, and Loona being issued algorithmically to push Tay to $1.”
Few people want to buy, but more people want to sell, so the price goes down.
Here, the algorithm issued Loona on a large scale to defend Tay’s price.
As a huge amount of stock is poured into the market and the Loona drops, people feel uneasy about the tay with a broken dollar and sell it.
As the price of Tay fell, the algorithm issued Loona again.
‘Today must be hell for those who have Teyna Roona.’
I was watching, but there was nothing I could do.
“CEO, the prices of other coins are also falling. Investors appear to be concerned about the decline in Roona.”
The prices of coins listed on Earth Resources fell by 10% to 20%.
Numerous coins, including Bitcoin, which can be said to be the ancestor of virtual currency, fell sharply.
In the midst of this, it was Source Coin that was holding on steadfastly with only a 5% decline.
* * *
Han Chae-won was staring blankly at the monitor.
I invested the royalties I received from publishing the book, the down payment, and the money I received from interviews with various media evenly in virtual currency.
‘It’s so easy to make money.’
In a few days, the principal increased by 10% and 20%.
When my fortune exceeded $100 million, I was thrilled and so happy that I jumped out of my apartment.
‘I had a talent for investing. Rowona has the best rate of return?’
She knows a few investing adages.
‘I told you to get on the galloping horse.’
Stocks or coins that cannot run do not rise well later.
Dispose of other coins and invest all your assets in Loona.
Even just a few days ago, the appraisal amount grew rapidly.
‘You’re investing in this taste.’
$120 million valuation.
She felt free to dream for the rest of her life.
I could do anything with this money.
‘You have to earn more. 1 billion dollars. Become rich in trillions… … .’
greed for money.
I only thought that if I held Roona, everything would be resolved like magic.
When Kim Shin and Kwon Do-jin fight, she gets angry like a poisoned wildcat.
“Really, a person who is useless in life!”
Why did he say bad things to Roona?
He even suspected that he might have heard the information that he had bought a Roona.
And after a few days… … .
There was a cataclysm between Roona and Tei.
“no! no! No way!”
I screamed in an apartment in Gangnam overlooking the Han River.
10%. Also, every time it drops by 10%, the pain as if your heart is being eaten away.
“My lady, there has been a complaint about the noise between floors.”
“Go away!”
A security guard came, and a call came through the intercom from the house next door or downstairs, but I hung up cursing.
The price of Rowona was falling vertically, and even if you tried to sell it, it wouldn’t sell.
Han Chae-won drank heavily and lived like a disabled person for several days.
“My money! Will my money be recovered?”
When you wake up, check the evaluation amount on the monitor.
Over the course of a week, more than $100 million worth of property had been turned into $1.