Chapter 658: Chapter 374 Happy and Unhappy (Part 2)_2 Chapter 658: Chapter 374 Happy and Unhappy (Part 2)_2 Although he had already gained twice the profit, watching S Coin constantly reach new highs, Sun Hua felt as if he was the S Coin.
He could already imagine the person buying his chips cursing him for being a fool, taking away the currency he had built up with such difficulty, and making himself an easy mark.
Staring at the screen, he tapped his temple, contemplating what he should do next.
Should he compete with this mysterious tycoon for chips, or should he just give up?
In the end, reason prevailed, making him suspect there might be sothing amiss here.
He had already earned enough money, the capital he had could let him live very comfortably for several lifetis, and his descendants wouldn’t have to worry about their livelihoods anymore.
He didn’t need to enter the fray now; taking the money and decisively exiting the scene would suffice.
Thinking this, he silently recited the “Brahma Mido Heart Sutra” in his mind, and then recited it backward to calm his spirit before preparing to close out.
However, at that mont, he saw the price of S Coin start to plumt rapidly.
From a hundred US dollars just before, it plunged directly to twenty.
The huge drop created massive selling pressure, leading to widespread panic.
Grabbing the screen, Sun Hua’s composure began to falter.
The other party was still buying up chips!
The other party was aiming for a big score!
Washing chips is a common tactic among cryptocurrency tycoons, who instill fear through massive fluctuations, then scoop up the cheap chips and finally sell them for a huge profit.
Indeed, the price of S Coin stabilized around twenty US dollars, with a massive buying order propping up the price, preventing it from dropping further.
A large number of chips were devoured by the other side, and it wouldn’t be long before they would drive the price up again for a major harvest.
By then, the price of S Coin could possibly skyrocket, and his capital could multiply several tis over.
Not only Sun Hua, but other institutions also saw the intentions of the other side and began to buy in great volus.
At that mont, Sun Hua’s mind was clouded by the potential profits, completely dominated by greed.
At such a ti, even a forr swindler is rely an ordinary person, and perhaps even less, due to excessive self-confidence.
Yet, the last vestige of reason told him to wait a little longer, to observe a while longer.
But seeing that the chips were all bought up and that the price of S Coin was about to soar, he finally couldn’t sit still any longer.
He calculated the quantity of S Coin in the market and took a glance at its reserves through the backend. He knew there wouldn’t be an influx of S Coin any ti soon, and this was the last chance to get in.
His last bit of rationality squeezed out, he began buying S Coin at 20 US dollars, ready to board the last train.
Seeing Sun Hua’s order, Black Tech smiled with satisfaction.
He didn’t actually have that much money to purchase so many currencies; most of it ca from the leverage he had applied, and his recent move had nearly reached his liquidation point. Luckily, it stopped at the red line.
Other institutions began to exit the ga, each believing that Black Tech would blast S Coin to the heavens, and the quantity of S Coin in the market was their fearless capital since scarcity is inherently valuable, and the remaining amount wouldn’t cause any problems.
Moreover, for the sake of maximizing their profits, they even didn’t set a purchase limit, aning they would buy as much S Coin as appeared.
Theoretically, with S Coin being scarce, this wouldn’t be an issue.
However, if you add in a ga with terrifying computational power, then all bets are off.
Smiling contentedly, Black Tech spoke to the players in the chat: “Alright, start now. Crank the computing power to maximum and sell as much as you have.”
“Long live Black Tech!”
“Black Tech, do you need a friend? I want to follow you!”
Black Tech: “Keep yapping and you won’t get any at.”
“Got it, we’re on it.”
The players, like wild horses unleashed, began cheering as they threw out the S Coin they had obtained.
Supported by their own multi-billion mining machines, they were able to acquire a large number of S Coin at an extrely fast pace, then drain the wallets of capitalists like Sun Hua before they could react.
All this happened too fast; in a short span of ten minutes, a large amount of S Coin flooded the market, and these buy orders were all filled, turning their money into worthless S Coin.
Subsequently, due to the overwhelming selling pressure, S Coin was practically smashed to its opening price in an instant, and per the treaty, Sun Hua had to buy these S Coins at the price of one US dollar each until his funds were drained.
Staring at the numbers on the screen, Sun Hua felt his mind go completely blank.
It took just a few minutes to go from heaven to hell, and it might take a lifeti for him to heal.
Finally regaining his senses, he trembled trying to cancel the order, but his aim was off, and he couldn’t hit the button.
His hands wouldn’t stop shaking, and the chair was covered in a foul-slling liquid, but he no longer felt it.
So of the money rolled over from dostic investnts was kept in the bank as a trust fund. The bank didn’t care what the money was used for – as long as soone sold S Coin, it would continuously buy them.
To cancel, he would need at least seven days’ notice, but before that ti ca, all the money would be automatically converted into S Coins, leaving him with nothing.
In other words, apart from S Coins, he had nothing left.
Well, perhaps except for debts.
He had taken out a loan specifically for S Coins, thinking he could double that money, but now it had all been turned into S Coins.
Defaulting on debt is no small matter in North Arica; the sanctions that awaited him ant he might be spending a very long ti in jail.
Rocking back and forth as he looked at the screen, he suddenly turned his head as if he heard laughter.
Frantically searching, he realized there was no one around, but he felt as though soone was laughing at him.
And not just one person, but a group of people.
Those laughter were filled with mockery and malice, much like the announcent he had posted on the Hot Dog Coin forum a few days ago.
Back then, he had mocked those foolish enough to be deceived by him just like this.
He just hadn’t anticipated that the boorang would co back so quickly, turning him into the new fool.
“Stop laughing.”
Covering his ears, he curled up on the carpet, indistinguishable from the liquid on the ground, unsure who was the real trash.
At this mont, he seed to have aged a decade, only lying on the carpet covering his ears, whispering, “Stop laughing.”
Unlike the zombie-like Sun Hua, the players were now extrely happy.
For the first ti, they discovered how easy it was to make money.
Once they realized S Coins were no longer a source of easy profit, those who had developed a taste for it opened up the docunt provided by Black Tech, and followed the instructions, targeting one platform after another.
They were maniacal, they reaped benefits without any investnt, they were bloodthirsty, they killed without remorse.
On this day, the virtual currency circle finally understood what a dinsionality reduction strike was.
The terrifying computing power directly caused every exchange to crash because, for the players, virtual coins mined in the ga were free, but after a quick spin in the coin market, they turned into real money that went straight into their pockets.
This action wasn’t much different from printing money.
In the face of “technology,” so-called capital was insignificant.
And the first thing Black Tech did after withdrawing their money was to tune into the Wang Say Gas live stream and casually tip the host.
For them, it was a trivial matter, far less entertaining than watching Wang’s live broadcast.
That night, over a thousand cryptocurrencies were bloodbathed by players, and apart from so well-established ones with not much left in circulation, all other virtual currencies were rendered worthless, dealing a devastating blow to the entire coin circle.
Following that, the garbage brothers from Touladin Bar were elated.
With the coin circle no longer hogging graphic cards, their prices finally dropped, and every mber of the “wait-and-see” party welcod their spring.
This collective action didn’t last long, but its significance was profound.
It showcased the unity of the gaming community and the terrifying computing power of Fang Cheng Studio’s service.
The combination of the two destroyed most virtual currencies and fattened the wallets of the participating players.
It created a group of incredibly happy players and a legend of Black Tech.
And most importantly, it left one unhappy Immortal, Fang Cheng.
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