The influence of the Soros Fund’s declaration of war shook the entire virtual currency scene.
Not only K Star Coin and KSC Coin, which were their targets, but also Bitcoin, the chief owner, and Jobcoin, whose name is unfamiliar, have repeatedly plummeted.
With the virtual currency market showing no sign of a rebound, the overheated Internet atmosphere also quietly took a turn.
– Haven’t you posted any coins lately? Just a few days ago, all the top posts on the top of the popular posts were only articles about Gazza Street.
└ Not only Kazuah disappeared, but the children who were struggling disappeared like ghosts.
– Virtual currency is all over the place, but will there be a johnber sound? Some coins are completely in half.
└ What is a half piece? There are many dog coins that have been cut in half.
└ If it’s half and half, isn’t there no answer?
└ No answer is correct. ㅇㅇ By now, the kids who invested because they were looking for a loan must have gone to the Han River to check the water temperature.
Public opinion was mainstream in welcoming the fall of virtual currency.
In the meantime, virtual currency investors have attracted so much aggro that there was no sympathetic public opinion.
However, on the 6th day of the downtrend, the Internet atmosphere took a turn again.
From noble mtl dot com
[K Starcoin is unstoppable. We will proceed with the scheduled overseas seminar as it is… … The financial situation seems to have been resolved.]
[Spurring preparations for virtual currency payment support for ‘Melon’, the largest music site in Korea.]
[K Starcoin, official partnership company disclosure imminent. It seems that S and Y, the largest entertainment companies in Korea, will be included.]
[A person from a securities firm said, “Cryptocurrency is still undervalued. We will continue to increase our holdings.”]
One after another, large-scale good news that could cause the market to fluctuate came out one after another.
When the market price of K Star Coin, which had been broken by 1 dollar, was also restored, virtual currency investors who held their breath started to post on the Internet again.
-What did I say? Didn’t you say you’d rise if you stayed? Bite your tongue and die, those who made a fuss about throwing it yesterday.
└Ah… Since I’m digging, it rises like a ghost.
-God of Jonver, for a moment, my faith was shaken.
└ Jonber always wins.
└ Gazu-ah again!
– Ugh. Coinworms are starting to crawl out again. I hope it collapses again and disappears completely.
* * *
My eyes can’t leave the screen of my phone for a long time.
The coffee I was drinking has long since cooled down.
“hmm… … The flow is not good.”
As I muttered something to myself, Lee So-young, who was sitting across from me, quietly asked me a question.
“Which flow do you mean is not good?”
“SNS and community atmosphere.”
“ah… … .”
“Until yesterday, the virtual currency issue was fading away, but from today it is covering the internet again.”
If it’s an investment product like stocks or bonds, you might think it’s just an internet reaction.
However, since cryptocurrency is literally a currency used in the Internet, a virtual space, SNS and community atmosphere were more important than anything else.
“It is inevitable that public opinion will be shaken. The media made a decision and poured out articles.”
As soon as Lee So-young concludes her words, Nella from the security team sitting right next to her gives her opinion.
“It is correct to say that this reversal of public opinion was led by the securities company rather than the media. The money they poured in in just two days alone amounts to 200 billion won.”
“200 billion won? Is that real?”
“Only the confirmed amount is 200 billion won. We cannot rule out the possibility that additional investments have been made through other routes.”
“There must be a reason why the market price rebounded dramatically in one day.”
I was honestly surprised. I knew that several securities companies were involved in this situation, but I never thought that such an excessive action would come out.
‘Are you saying that chaebol families can’t see their slush funds disappearing?’
Whatever the reason, the fact is that the price decline has stopped and public opinion has turned around.
If time elapses and the expiration date of the short sale arrives, the Soros Fund will suffer huge losses.
“If this short selling attack fails, K Star Coin will become even more energetic and will rise in weight class more quickly.”
“We will increase the number of PR seminars and aggressively execute advertisements.”
“I guess so.”
When the conversation ends here, an uncomfortable silence ensues.
Lee So-young forcibly raised the tension as if she did not like this atmosphere.
“Let’s think positively. If they manage virtual currency well, good results may come out. For example, because K-pop and cryptocurrency are well connected… … .”
“No matter what kind of operation they operate, it does not change that the root of K Star Coin is to raise slush funds.”
Nella, who has been absent from the story for a while, also agrees with me and leaves.
“Their cryptocurrencies made pre-issue coins untraceable. It is a very questionable part.”
“If that were true, wouldn’t investors have asked for disclosure?”
“I have already requested it several times, but K Starcoin side made various excuses and crushed it.”
Wrinkles form on Lee So-young’s white forehead.
“Why do investors invest in such uncertain cryptocurrencies? I don’t understand.”
“They are only interested in the movement of coin prices.”
“If you are interested in market prices, you should have reacted more sensitively! If the pre-issuance volume is released to the market, the coin market will be destroyed!”
If chaebols were slush funds, the scale would be enormous, but if that amount is poured into the market all at once, the market price does not end at the level of crashing.
‘There is no exchange that will accept that many sales. Even if there is, the exchange will first notice the anomaly and suspend the trading of the virtual currency.’
When that time comes, who will be the victim? Cryptocurrency developer? Early Investors? Or an exchange?
All wrong. All the damage will be overturned by the individual investors who held the cryptocurrency until the end.
“There was a setback in the schedule due to the additional purchase of the securities company, but I think it is a blessing in disguise.”
“Why?”
“Thanks to them, individual investors have a chance to exit.”
So-Young Lee clapped her hands, saying that it was good, but Nella maintains a cynical reaction.
“Individual investors are irrational. They will not escape unless the water is up to their chins.”
“I know.”
“You know, why waste your time pointlessly?”
“Sometimes there are things you have to do even when you know they are inefficient.”
“For whom? To bail out investors blinded by greed?”
She still asks me for an answer with a look of unsure.
“no. It is only for myself.”
* * *
Taylor has been cutting off her busy schedule lately to the extent that even ten bodies are not enough.
On the one hand, he appeased investors by appearing on Internet broadcasts, and on the other hand, he contacted executives of securities companies and even interviewed the media whenever he had time.
The results of the effort were satisfactory.
Even though the Soros Fund’s short selling attack was still in full swing, the market price of K Starcoin was rapidly recovering.
-This stage is the most popular idol group in Korea. KDU Boys, please come out!
The K Star Coin side also held a promotional seminar that had been temporarily suspended.
It was a more splendid and more grandiose event than any public relations seminar that has been held so far.
Previously, two or three groups of A-class singers were invited, but at this event, a large number of S-class singers with performance fees of up to 400 million appeared.
Congratulatory speeches by famous actors follow right after the singers finish the event.
Actors were also of a higher level than before, or they recruited famous elder actors.
‘It doesn’t matter how much money you spend on the event. I only have to endure until the expiration date of the Soros Fund’s short sale.’
Only 5 days ahead.
Since the lights have already been turned off, it may be okay to wait, but Taylor wanted to show it clearly at this point.
K Star Coin does not collapse due to short selling.
In addition, if the short selling force is the famous Soros Fund, the evaluation of K-Star Coin will soar to the top virtual currency level at once.
– Next, we will invite CEO Taylor Kim, the leader of K Starcoin.
Soon it was his turn.
Taylor checks her outfit once more and goes up on stage.
“Taylor! Taylor! Taylor! Taylor!”
“I believed in you, CEO!”
“K-starcoin rice cake, Kazuah!”
I hear him chanting from the audience. A crowd several times larger than usual was shouting his name at their throats.
When Taylor raises his hand in response, the audience shouts intensify.
“Before my remarks, I would like to express my sincere gratitude to the investors who believed in me and came to this point.”
Cheers erupt from the audience again. If a stranger saw this, they would have thought it was a pseudo-religious event.
After that, Taylor sets out her usual repertoire.
By the time the investors start to feel bored because of what they’ve heard so many times, Taylor unplugs the microphone and walks to the front of the stage.
“Today we bring some startling news to investors. This is probably the most special news since K Star Coin was issued.”
Intense eyes pour from the audience again.
Taylor deliberately procrastinates, then continues.
“K Star Coin faced many difficulties, but we overcame them proudly. I think I went through some sort of growing pains. By now, the world must be watching us. So I… … I think this is an opportunity for K Star Coin to expand into the world.”
Taylor pulls her phone out of her pocket and holds it up. Then, the prepared video is played on the large screen at the back of the stage.
-Introducing the K Star Coin app. This app covers K-pop entertainment monitoring, payment, management, meetings, event participation, and investment. All processes can be controlled from around the world.
Exclamations of exclamation flowed from the audience one after another.
That’s because the released video was comparable to Apple’s promotional video.
‘You foolish ones, get excited. Praise to your heart’s content.’
Taylor laughed at investors who were bewildered by the video.
The video released this time is only a promotional video, and the first shovel of development of a dedicated app has not yet opened.
Nevertheless, the reason for putting the wind in as if it would be released soon was that it was conscious of the expiration of short selling in a few days.
Once the short selling crisis was resolved, everything was OK. After that, the release of the app can be postponed with a suitable excuse.
male voice. male voice. male voice.
As the second prepared video is about to begin, a commotion is heard from one side of the venue.
It wasn’t the voice of admiration or response that had been heard until now, but a muttering of bewilderment.
“what’s the matter?”
Taylor asked the staff behind the stage, but they didn’t know why either.
Then, suddenly, screams are heard from the audience.
“what’s this? uh? uh? uh?”
“no!”
“Mom. What should I do!”
Surprised voices were spreading throughout the audience as if it were an infectious disease.
Now, few people are watching the video in the audience, and most of them are busy taking out their mobile phones and looking at them, or are busy making calls somewhere.
At that time, one of the staff hurries up onto the stage.
“Dae, CEO. It looks like something happened.”
“Are you buying? What are you talking about?”
The staff grinned like a crucian carp, then showed their cell phone screens as if they didn’t want to.
A blue K Starcoin chart floated on the screen.
“$0.7? Wasn’t there a problem just a little while ago? Isn’t this wrong?”
“$0.7 is not a problem. If you look closely at the chart… … .”
“sh*t. Tell me so I can understand!”
Taylor snatches the cell phone from the hand of the staff in frustration.
Then, looking at the screen again, the real-time chart that should be actively moving was stopped. The same happened when I touched the screen.
“Is this stuffy? Is your phone broken?”
“It’s not a phone problem… … .”
At that moment, the blue chart of K Star Coin turns gray. When Taylor saw that, his face turned the same color.
“What is this? Can you stop trading?”