©WebNovelPlus
There is One New Rule Every Month Globally-Chapter 678 - 410 Happy New Year to Everyone_3
Chapter 678: Chapter 410: Happy New Year to Everyone!!!_3
Chapter 678 -410: Happy New Year to Everyone!!!_3
560.
540.
520.
The uncontrollable and frantic drop in value didn’t take many minutes to crash below 500, and it was still plummeting, looking as if you bought a Bitcoin for $170,000, went to take a dump, and came back to see it had turned into $17.
That was the speed of it.
No one could withstand this.
Not even an elevator plunges as fast.
Li Yi’s smile reappeared on his face. Thankfully he had Yi’s insider information. Though he didn’t earn much, not as much as he had anticipated, he still made a profit, without any loss.
As for the other big players, that was another story.
They had defended the price for over ten minutes, throwing in massive amounts of capital. By the time they realized the trend was too fierce, and large players were aggressively selling, it was too late to escape.
Apart from waiting for the inevitable, there was nothing they could do.
Li Yi’s subordinates standing beside him didn’t look too good either.
Damn it… the Former Leader might have fled, but he got deeply trapped since he also followed the Former Leader’s purchase. He believed the price would still rise when the Former Leader sold his stocks, but given the current rate of the fall—
It was impossible to sell now.
More accurately, it wasn’t just him who couldn’t sell; no player could.
In financial markets, this situation is known as an avalanche, and such a day is often named after “Black” followed by a day of the week.
To put it precisely, the collapse was too swift.
For instance, if he wanted to cut his losses and leave, he’d list the price at 460 Points, but… there were no takers. The price he listed at the lowest a second ago would become 440 the moment he tried to sell.
The speed of the drop was so rapid that not even cutting losses were possible.
Unless you drop several tiers at once, straight down to 350 Points.
In this way, you might sell quickly, though at a loss, certainly better than losing everything. However, if every player did this, it would only accelerate the uncontrollable speed of the price drop.
In such scenarios, the number of sellers vastly outweighs the buyers, panic takes over the market, and aside from the few diehards, who would buy at a time like this?
Then the avalanche occurs.
And that is the cost of aggressive selling.
But… clearly, Chen Yi didn’t care about that.
He was all about forceful selling.
That’s the vibe he played for.
…
“Sold out again.”
Chen Yi looked at his account contently, now between 300 and 400 billion Points. He finally sold the last E-grade random Prop Chest he’d bought for 310 Points for a total of 2.4 trillion Points.
It was much more than the last time.
After all, having gone through the last experience, there were quite a few stubborn ones who thought this was just a rebound, a chance to buy low and score big. The steeper the crash, the more fiercely they bought, mumbling phrases like—
“Buy on the dip, the more you buy, the more you earn.”
“Opportunity belongs to those who double down!”
“When others are greedy, we must be fearful; when others are fearful, we must be greedier!”
“If you don’t sell, it’s only a loss on paper!”
And so on and so forth.
The sourc𝗲 of this content is freēwēbηovel.c૦m.
This allowed him to sell at an average price much higher than the first time.
After this happened twice, his assets had more than quadrupled in value. This was way faster than collecting protection money.
“Not bad.”
Chen Yi couldn’t help but reveal a hint of a smile, turning his head to Tuberculosis Rabbit and said, “I’m going to take a rest. When the price drops to 10 Points, buy another billion as a backup.”
Perhaps due to the many who doubled down,
even after he had sold off everything, the price hadn’t fallen to 10 Points but was rather fluctuating around 70 Points, which seemed incredibly resilient.
“You’re buying more?”
Tuberculosis Rabbit’s pupils flashed with a tinge of pity, licking his lips for the first time, feeling sorry for those players who invested their lives into buying the dip, “Isn’t this too harsh? If we keep playing this way, I guess the number of people jumping off buildings would have to be counted in the hundreds of thousands.”
“Could this break them?”
“There are already many forum posts cursing the manipulative scumbag behind this.”
“Big player?”
Chen Yi shook his head seriously: “I’ve never thought about controlling the price of the E-grade random Prop Chests from the very beginning. The Star Map platform is accessible to the Whole Starfield, do you know how vast that is?”
“I only have a billion in stocks, how could I possibly control everything?”
“I just buy a bunch when the price is low to use later, sell them for Points when the price is high, and continue to buy when the price is low. As for market manipulation, that’s entirely because of people’s greed.
“Does the leveling-up game not have 10 billion E-grade random Prop Chests?”
“Come on, there are easily 100 billion available on the Star Map; these are worth almost nothing to begin with. If each of my chests were priced at 10 Points, would this happen?”
“No, it’s their greed to sell at high prices that caused the price hike, understand? The real cause of the price increase is not me, the so-called big player, but their own greed.”
“If everyone realized that the E-grade random Prop Chests are worthless, how could anyone end up bankrupt?”
“They’re not ruined by me.”
“It’s their greed.”
“You got that? If you understand, I’m off to sleep.”
Chen Yi yawned as he headed to his bedroom on the rooftop, muttering, “So sleepy, ever since that time I went days without sleep, I can’t stop wanting to sleep; it’s like I’m making up for it.”