A super-large good news that will be recorded in the history of virtual currency broke out.
Acorn Coin recorded a surge of 100% in one day, and as money flowed to other virtual currencies, the market price soared all at once.
It was a toast to virtual currency investors, but it was like an emergency for WHTS Company, whose top priority was stabilizing the market price of Acorn Coin.
Going to work earlier than usual. Lee So-young was already in the company lobby waiting for me to come.
“CEO, as you may have heard the news, the price of Acorn Coin soared by 116% last night.”
“How much has each gone up now?”
“When I checked earlier, it was $110, wait a minute.”
Lee So-young checked the screen of her phone and wiped her face with her hand.
“Oh my gosh, it went up in the meantime to $121.”
By the time I left work yesterday, acorn coins were 51 dollars each.
For reference, as I leave work close to midnight, it means that the market price has risen by 130% in just 7 hours.
“How is the market stabilization response going?”
“We have already issued 20 million new coins. They said that all of this amount would be distributed as Watts and Watts Pay compensation… … There is no sign that the market will stabilize at all.”
Bondi, this countermeasure was prepared to evolve the additional investment news of the Vision Fund.
But the news of the unexpected Venezuelan oil investment broke out at the same time.
It is no longer possible to break the investor sentiment of investors with a reasonable response.
“If the market price cannot stabilize with 20 million, we have no choice but to print more than that.”
“If you increase the amount of new coins too rapidly, it can cause confusion in the market.”
“It’s already a mess, so what’s the point of making it even more confusing here?”
“That’s true, but… … .”
“First, try shooting an additional 10 million, and if the market still doesn’t catch up, try shooting up to 50 million.”
Lee So-young opened her eyes wide and opened her mouth.
“Add 50 million new issues? Are you kidding?”
“I wish I was joking too.”
Even if the price of bitcoin has skyrocketed, it is still around $10,000.
It would be fortunate if we shut it off here, but if the future bitcoin price soars to $70,000, then the concern will explode.
‘At that time, this board itself might collapse.’
I immediately took the elevator and headed to the office on the 8th floor.
I threw my coat and bag in the room and was about to come out, but a secretary jumped in with a contemplative expression.
“Wait, CEO!”
“good morning. I have to get into the meeting right away, so have coffee delivered to the meeting room.”
“Now is not the time for that. Quick, me, answer the phone!”
He passes the phone to me almost as if he were passing it off. Who the hell is calling, so I’m so stunned?
“hello?”
-Ow, my friend Mr. Shin!
Surprisingly, it was Donald Trump who called early in the morning.
Technically it’s 3pm in the US, so it’s not morning, but it was unusual for him to call first anyway.
“How are you, Mr. Trump?”
– Hot hot! Thanks to Mr. Shin, I am doing very well!
“Thanks to me?”
-In one day, the price of the virtual currency given by Mr. Shin doubled. It is such a wonderful investment product.
“Ah, yes. I’m glad you’ve risen a lot.”
Even after that, Trump repeatedly said that virtual currency is really good.
Since the $40 million in cryptocurrency he received turned into $80 million in just 10 days, he must have been itching to brag.
“excuse me… … Mr. Trump? I am saying this out of no-passim, but virtual currency, like stocks, may go down in price.”
– I know. Investment products are bondi like that. But what should I worry about when I have my best friend?
Trump chuckles and laughs to himself, then continues.
-How does Mr. Shin see it? Do you think cryptocurrencies will suddenly crash?
If I answer ‘I don’t know’ here, Trump might sell all of his virtual currency.
The reason I gave Trump $40 million in cryptocurrencies was because he wanted to implement policies that were friendly to cryptocurrencies in the future, although the lobby is also a lobby.
If you own a large amount of virtual currency, you will have no choice but to take a pro-virtual currency move even if I don’t ask you to.
However, on the contrary, if the cryptocurrency plummets and suffers a negative image.
‘During his tenure, he may rather implement policies that are hostile to cryptocurrency.’
It had to be stopped somehow.
Even though I couldn’t see him, I changed my expression to a smile and said.
“Of course there is no reason to crash. This surge is due to the influx of capital due to favorable news, right?”
– Oh, yes. It was a huge boon.
Trump is in a good mood, so he laughs again.
-There is a saying that Mr. Shin’s company digs oil in Venezuela. Is that true?
“To be honest, I have links with the opposition in Venezuela.”
-aha. So you suggested that I intervene in the situation in Venezuela?
“you’re right. I am a businessman.”
-Hmm, a businessman… … Right. If you’re a businessman, you should. I like it very much. Ha ha ha!
Trump chatted happily for a while after that, then hung up. Now that the price of the cryptocurrency I was holding has doubled, I can’t help but feel good when I hear anything.
However, as I had to think about the aftermath, my head was pounding.
* * *
– Cryptocurrency prices are skyrocketing day by day. In the past 10 days, Bitcoin has risen by 136%, Ethereum by 190%, and Acorn Coin and Arirang Coin, which are classified as domestic coins, have risen by more than 125% and 311%, respectively.
-uh… … Real estate has a lot of burden because seed money has to be big, and stocks don’t go up well? I think cryptocurrency is a good investment in that respect.
-Amid such a boom in virtual currency investment among young people, experts are concerned that this surge will turn into speculation.
From noble mtl dot com
In the economic corner of the news, the news of virtual currency came out as the first tap.
Whether you look at newspapers, radio, or portal news, the main topic is cryptocurrency.
I feel a strange sense of deja vu.
It feels as if the coin frenzy of 2017 came a year earlier.
“Korea is also in a frenzy over virtual currency.”
I hear a muttering next to me. It was Park Tae-shik, who came over from Japan the other day.
“Does Japan have a similar atmosphere?”
“It’s hotter than here. Originally, Japan is like the hometown of virtual currency investment.”
Japan is a region where transactions have been active since the very beginning of virtual currency. To the extent that Mt. Gox, which went bankrupt due to hacking in 2014, had its headquarters in Tokyo.
Now, Korea was chasing after it at a frightening speed.
“Thanks to this situation, the Japanese branch office is flooded with inquiries about introducing Watts Pay. The three large marts have already completed all preparations, so only announcements are left.”
“I am surprised. There weren’t many actual Watts Pay users at existing convenience stores, right?”
“Since the issue of virtual currency is on the rise, isn’t it an attempt to introduce it at least for publicity? Well, whatever the reason, it’s good for us.”
“It is, but… … .”
“There is only one thing left for cryptocurrency to become more famous in the future. Of course, more money will come in. We are now sitting on a cushion of money.”
Park Tae-sik saw this surge in cryptocurrency as an opportunity. A chance to become a billionaire.
However, on the contrary, I perceived this situation as a crisis in the virtual currency market.
“Taesik. if it is What do you think will happen if the cryptocurrency market goes up all the time this time, and then crashes in an instant? Like minus 50%.”
“Why are you saying something stupid all of a sudden?”
“I’m not saying it’s unlucky, I’m saying it because it’s possible.”
Maybe it’s because I caught the weight, Park Tae-sik also starts to ponder my question seriously.
“Once the crash starts, you and I will all throw virtual currencies, so the market will fall faster… … hmm… … A minus 50% would have a big impact.”
“It’s not a shock level, but it’s going to be a goo in the market.”
“No, but since I’ve climbed a lot so far, how can I survive even if an accident breaks out?”
“Usually the opposite. The higher the rise, the steeper the fall. Like acceleration when falling from a high place.”
Park Tae-sik is about to say something, but sneakily looks at me.
“When you say things like this, it makes me anxious. Are there any signs of a collapse?”
“It’s not an omen, but it has a similar feeling.”
“What do you feel?”
“I told you before. The surge in cryptocurrency will begin in the second half of 2017.”
It was said before we even started the business, but Park Tae-sik nodded right away, as if he remembered it.
“The surge that started in the second half of 2017 ended in January 2018. The party was over in a short period of less than three months.”
“that… … What happened after the storm ended?”
“The market price plummeted for almost a year and then it must have fallen by more than 80%.”
Upon hearing my words, Park Tae-shik’s expression hardened.
This is because when the market crashed by 80%, he had to vomit all the money he had earned so far.
“Huh! Three months after the surge doesn’t mean there are only two months left, right?”
“I’m not sure. This is not the same case, and the times are different. Still, that risk cannot be ruled out.”
The guy suddenly starts fumbling around in his inner pocket, as if he thought of a cigarette. Smoking is prohibited in the office, but this time was an exception.
Park Tae-sik smoked three or four cigarettes with a serious expression on his face before opening his mouth.
“Aren’t we supposed to warn investors of the virtual currency crash right now?”
“Will investors listen to me? You’ll get goofy for coming to the banquet house and swearing at me for setting up candles.”
“It doesn’t.”
I sneak a cigarette out of the cigarette pack that Park Tae-shik put down and light it.
“after… … .”
Watching the smoke scattering, I get lost in thoughts of the past for a while.
The news that the coin market price drops when you wake up, the news that the number of suicides has increased due to coins, and the pessimistic news that virtual currency is over.
However, cryptocurrency has been resurrected splendidly. Even though it took almost 3 years.
“Don’t worry too much. Maybe this crisis can be an opportunity for us.”
Park Tae-sik pricks up his ears when the word opportunity comes out.
“When all the coins crash, what do you think it would be like if Acorn alone stood firm?”
“At that time, um… … Are investors going to throw other coins and go all the way to Acorn Coin?”
“That’s right.”
For this operation to be successful, a large amount of cash was needed to support the market price in the early stages. If you manage to survive the first half of the year, investors will flock to you and the market price will naturally be supported.
‘If you prepare step by step from now on… … Enough time.’
If the market price does not collapse this time and endures, Acorn Coin will be evaluated as a virtual currency comparable to Bitcoin in the future.