Softpou’s virtual currency investment, which was only rumored, was officially announced.
Investors had expected that Softpow would buy a stake in WHTS Company, but the actual announcement had a far greater impact than that.
-Softpo will invest in WHTS Company by purchasing acorn coins.
This announcement brought a great shock not only to the virtual currency industry but also to the general financial industry.
Using the expression ‘investment’ in the act, not enough to buy virtual currency, was the same as acknowledging virtual currency as an investment product.
At the same time as the news, a huge amount of money flowed into the cryptocurrency market, and even the acorn coin, which had a fixed price of $9, soared like a pillar of fire.
“Acorn coin buying is strong on all exchanges. I don’t know where this money comes from.”
“Coinbox breaks down the $25 support line! Go higher!”
“Chief, it is constant to cross the $27 mark before midnight! We need to pump out more!”
WHTS Company’s virtual currency operation team went into emergency work a few days ago.
Their goal is to stabilize the rapidly rising market price of Acorn Coin.
However, no matter what the operation team did, the price was not caught, and it was only repeating an endless rise.
“… … .”
Lee So-yeong, the person in charge, was just biting her lip without giving any instructions. It was because I didn’t really think there was anything I could use.
“Chief, shall we re-post the notice? I think that’s for the best now.”
“How long has it been since you posted the last notice?”
“Since I uploaded it last night, it seems to have been about 4 hours a day.”
“phew… … That’s Okay. Why do I keep posting stuff that doesn’t work?”
The notice they said was a warning notice to be careful in investing because the coin market is overheating.
If the developer issues a warning notice, investor sentiment will shrink and the price will go down. However, this time, the market price was unsteady despite repeated announcements several times.
“Where the hell are you buying this much? Agency? an investment company? Hedge funds?”
“According to a report by the exchange, institutional investors are very few and more than 90% are individuals.”
It was an incomprehensible situation for developer Lee So-young.
When she launched the coin, the fair value of one acorn coin was $1. But investors were buying it for $25 now because it was less than $9.
“It must be a bubble, but why do individuals buy coins? What if the price plummets?”
“Right now, investors are saying that once you buy any coin, the price will go up.”
“There’s no way that’s possible!”
“Even though I know it is impossible, the price is rising so steeply… … They say that you and I will pay off debt to increase your investment.”
Lee So-young thought that the mechanism of maintaining the market price of Acorn Coin was perfect.
In fact, even after running hundreds of simulations, the market price of Acorn Coin never exceeded $9.
money flows into the market → Acorn coin price rises. → Issue a new coin and lower the price. → Buy Bitcoin with the proceeds from the sale. → Bitcoin collateral increases the stability of Acorn Coin.
In theory, it was a flawless circulation structure.
I’m sure I thought so… … This time, so much money that the circulation structure could not be maintained was rushed to Acorn Coin.
I was afraid of the aftermath that would come back later when I printed an unlimited amount of acorn coins, but there is no sign of calming down when I let go.
Up until just last week, I shouted loudly that there would be no problem, but after the incident happened, I was in a situation where I couldn’t even do this or that.
‘The CEO knew. You even warned that an out-of-standard tsunami might come.’
For a while, Lee So-young couldn’t get out of the swamp of self-reproach.
It was because he couldn’t tolerate himself, who made mistakes by responding complacently even after hearing the warning.
* * *
From noble mtl dot com
A time when dawn is closer than night.
It’s late enough to worry about the last train being cut, but I didn’t have to. It was because there was an officetel for lodging and lodging within walking distance of the office.
Even so, I take a little turn around and choose the way to go. It’s such a waste of a night to fall asleep like this. My regretful heart leads me to the convenience store.
“Come now.”
In front of a convenience store, at an outdoor table, a black man waves his hand. Park Tae-shik, who should have been in the Japanese branch, was sitting there.
“what? When did you come to Korea?”
“I thought about drinking for the first time in a while, so I boarded a plane as soon as I got off work. Please sit down.”
Leftover beer, snacks, and simple snacks such as peanuts were scattered on the table. It seems I’ve been waiting here for quite some time.
“I should have contacted you earlier. I would have made a reservation at a good place.”
“All right. I just love eating here. Isn’t that why you went to the convenience store after work?”
“It is.”
I go into a convenience store, buy two cans of beer, and leave. It was the same product that was lying on the table.
Seeing that, Park Tae-sik muttered.
“Even if we can afford it, won’t the way we eat and drink change?”
“How about something like that?”
“No, he is there. A successful businessman in a movie or drama goes to a fancy bar and drinks something like wine. Bob cuts a steak at the restaurant.”
“It’s a movie, so it is. The reality is that even chaebols order and eat fried chicken.”
We looked at each other, smiled and sipped beers.
Small talk, silly jokes that always came out, vague old memories, stories of this and that came out, and at the end, the company story naturally came out.
“By the way, have you been working at the company until now?”
“I’ve been a bit busy lately. Cryptocurrency is such a problem.”
“Oh right. Every time I contacted the cryptocurrency team, it was like a war broke out. In particular, Mr. Soyoung, I heard that everyone is dying at all?”
“okay?”
“You indifferent bastard. You were in the same building and didn’t know that? Pay attention.”
Every time Lee So-young met at the company, she was as bright as usual. Could it be that you were only acting bright in front of me?
“It seems that they are feeling responsible for the soaring price of Acorn Coin. But you say that stopping this surge won’t stop it?”
“that’s right. Because what is to come has come.”
“Then make sure you take care of it. If you get a lot of stress, it’s a moment when people get sick.”
I was thinking of alleviating the burden Lee So-young felt.
Now, in fact, she was in charge of all virtual currency development, operation, and management by herself.
“Woohyuk, but there is one thing I don’t understand.”
“What?”
“Why are you trying to tie down the value of Acorn Coin? Other companies are trying to raise the market price with energy.”
“You said it a long time ago. Acorn Coin wants to be used as a currency, not an investment product. Can you use it as money if its value goes up and down every day?”
Park Tae-sik opened the can of beer he was drinking ‘Tak!’ put it down loudly
“Is that really all there is?”
“what?”
“No, I don’t understand why people are moaning about the price going up like now for that reason alone. If the price goes up, don’t you just use it at the increased value? Any problem?”
That’s right. Isn’t it the same as gold, which is treated as the same level as currency, fluctuates every day?
The real reason I want to suppress the price of Acorn Coin.
that’s right,
“Because that was the only way to survive the crash that would come later.”
Bitcoin, which soared to 30 million won in the first half of 2018, collapsed in an instant, and then fell to 4 million won without being weak.
What will happen to WHTS Company if Acorn Coin follows the same path?
“At that time, no matter what warnings we gave, there will be a lot of criticism. It is certain that the company image will be stuck in the gutter, and there will be lawsuits, stalking, terrorism, and death threats.”
“Ah, please… … .”
“No way. In particular, you, whose face was often exposed in the media, will be the first target.”
Park Tae-shik swallows dry saliva as if he knows that I am serious.
“I planned to operate at interest while maintaining the price of Acorn Coin at $9 to avoid such a situation.”
“If it was successful, the evaluation would certainly have been good.”
“that’s right. If you succeed.”
A coin that stands firm alone in a market that has skyrocketed and collapsed hundreds of times.
You may not feel the charm of investment products, but you would have taken a definite position in digital ‘currency’.
“But now that plan has gone awry, we must turn to Plan B.”
“Plan B? Was there anything like that?”
“Unintentionally, the price of Acorn Coin went up a lot. So now we have no choice but to make the most of the increased price.”
* * *
The surge in the virtual currency market, which began with the news of Softpou’s investment, showed no signs of slowing down.
It was exactly the ninth day after that.
The representative of WHTS Company, who was at the center of this incident, will personally hold a press conference.
-Hello, this is Daniel Shin, CEO of WHTS Company. The reason I requested a press conference is that the current virtual currency market is overheated… … .
The press conference lasted about 10 minutes.
Most of the remarks were warnings against investing in virtual currency, including a plan to normalize the price of acorn coins.
“this person… … What is that baby? Where did this bastard come from? Is his snout fluttering?”
All sorts of curses pour out of the mouth of a middle-aged woman who was watching the press conference on TV.
That would also be the case, because this press conference was an act of pouring cold water on the heated virtual currency board.
“Didn’t the market price drop by 10% because of that youthful club! If you’re not responsible, why are you holding an interview!”
Choi Myeong-ja swears at him, but after sighing for a long time, he turns his arrow at the man watching the broadcast next to him.
“hey! I’m a pro!”
The man was startled and lowered his head. He was Na Min-seong, who was the CEO of Bithit, a virtual currency exchange.
“Yes, you can.”
“What did that guy say? You talk so much nonsense that I can’t understand what you’re saying. My pro summarize.”
“There is nothing special about it. In the future, it is all about raising the interest rate given by Acorn Coin to 15.9% and normalizing the price.”
“What is normalization?”
“Since the original price of Acorn Coin was $9, wouldn’t that mean we’re going to drop it down there?”
Choi Myung-ja’s eyes widen when he hears that the price will be lowered to 9 dollars.
“You are sick. sell everything Quickly sell all you have acorns!”
“Acorns are already down 20% right after the conference. So, instead of selling at a loss, let’s watch the situation for a bit.”
“What if it falls further? That bastard is down to nine dollars!”
“They said they would raise the interest rate to 15.9%, so it won’t crash that hard.”
Despite the detailed explanation, Choi Myeong-ja reluctantly squawks. Seeing that, Na Min-seong clicked his tongue inwardly.
‘Tsk, such a stupid person as the real thing behind the president. It’s strange that this country is running fine.’
While he was thinking about something else for a while, Choi Myeong-ja screamed again.
“I’m a pro! are you still Didn’t I tell you to sell it quickly?”
“We are almost done. We need some time while the order is being executed, so please wait for about 5 minutes.”
“It’s annoying, really.”
She grunts for a while, then looks back at the TV screen.
“By the way, this is a face I’ve never seen before, so where did he start eating?”
“I am the representative of the company that made the acorn coin.”
“But if you lower the price at will, can you do it? Stocks aren’t like that.”
“Virtual currencies are not regulated by law, so businesses are not punished for operating them as they please.”
“These are the ones who make money by issuing pieces of data, adjust the price at will, and live comfortably in the world.”
The moment I heard this, Na Min-seong thought that an opportunity had come.
He sneaks up on his luck.
“you’re right. The advantage of the coin is that the taffy seller can operate as he wants. so… … How about your wife making one yourself?”
“Can I make one?”
“If I fill in the technical part, the rest is a breeze.”
Choi Myung-ja pondered over and over again for a long time, wondering if he was tempted. Na Min-seong, who saw that, thought it was this time, so he recited words to say.
“The important thing in coin is to recruit investors. So, with your connections and power, it is possible to attract trillions of money.”
“A trillion units?”
“Joe is right. When it is 1 trillion won or 2 trillion won, tighten.”
A light flickers in her eyes for an instant.
“how? tell me quickly hurry.”
“The government can directly step forward and push the virtual currency issued by the wife.”
“that is… … Will it be easy?”
“All you have to do is attach fancy words such as creative economy or the fourth industrial revolution to virtual currency. If you do that, no one will ever recognize your true intentions.”
Cryptocurrency raised with national support.
If this succeeds, its scale and ripple effect will surpass Bitcoin, which was not a dream.
Lol