Chapter 200 - What goes around comes around
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nSmoke surrounded Choi Gichul as he inhaled a cigarette outside the office. He tried to calm down, but his hands continued to tremble.
n“Dammit… Dammit! I should have sold earlier. Even if I sold when it was at 5000 dollars… I would have been safe.”
nHe regretted his decision, but it was too late. Choi Gichul took out his cellphone and logged on to his Bit Trading account.
n1BTC 31.60.
n1BTC 30.40.
n1BTC 29.90.
nThe price continued to drop. It was believed that Kang Woosung’s recent announcement was the reason. However, Choi Gichul couldn’t understand.
n“Why do people think that bastard is so great? Why does everyone listen to him?”
nHe tried to think of an answer, but there was none. He got angrier and angrier. He threw away his cigarette to the ground.
n“I will make up for it by the end of the day. There is still a chance. The price dropped quickly, which means it can go up just as quickly too.”
n***
nAfter his speech, Woosung returned to his hotel room and turned on his laptop.
n“Time to drop it to a dollar. I will make sure it can never recover again.”
nWoosung remote controlled into his home computer and adjusted the program parameters. He put the numbers 90 and 70 cents. The system started to activate Woosung’s servers all over the world. His bitcoins were quickly sold and the price started to drop.
nWoosung imagined what Choi Gichul would look like when he realized what was happening. He couldn’t help but laugh. Choi Gichul would lose all his money.
n“Haha, I can’t wait. I will send you to jail. Jung Jinsup too.”
n1BTC 25.50.
n1BTC 28.10.
n1BTC 16.10
n1BTC 20.10.
nWoosung turned off his computer and left the room. A luncheon was prepared for him and other officials from the world’s major financial institutions.
n***
nWhen Choi Gichul returned to the office and checked his computer, he was in shock again. Before he went for a smoke, it was 31.60, but now, it was even lower. Within 20 minutes, the price dropped to five dollars.
nAs he watched, the price went down again to three dollars.
n“T… three dollars.”
nHis account, at one point, boasted of two billion dollars, but now it had only 7.3 million dollars. Choi Gichul had one last chance. He moved all his coins from BitMain account and foreign wallets into his Bit Trading account.
nIf he put all his money one last time, he could pump the price.
nLate night in the office.
nJung Jinsup placed a notice online.
nTitle: Server check due to a sudden increase in transactions.
nMain: Hello. We will be carrying out emergency maintenance of our system due to the sudden increase in bitcoin trading. All transactions will pause briefly. Thank you for your patience and understanding.
nAs soon as this notice came up, different online coin forums became filled with negative comments.
n“Bit Trading is going to pump the bitcoin price again. I call 500% this time.”
n“What a bad management team. I suspect that they are trying to recover from the recent loss.”
n“This is our chance too! Go to Bit Trading now and buy buy buy! The price will rise!”
nPeople remembered what happened last time. Bitcoin’s price went up sharply at Bit Trading after the halt.
nJung Jinsup checked the numbers and said to Choi Gichul, “A lot of money is coming in right now into our system. Ten times more than usual. This way, we should be able to jump the price ten-fold.”
n“That’s not enough. It has to be at least a hundred-fold.”
nThat would give them a 10,000% profit.
nJung Jinsup swallowed. He hasn’t been investing since he lost everything, but this was his chance. Woosung warned him not to get involved. He said he won’t pay his debt back for him if Jung Jinsup gambled in bitcoin again.
nHowever, this was such a good chance.
n‘Oh well, he will never find out. I need to make some money for myself. It’s a rigged game and I can’t let it pass.’
nJung Jinsup placed 500,000 dollars of his money into the system.
n“It’s done.”
nAs soon as Jung Jinsup gave him a go, Choi Gichul made a call quickly. He had a group of experts ready this time. After the call, the chart started to move.
nChoi Gichul waited for the price to jump.
n“Huh?”
nJung Jinsup asked, “What’s wrong?”
n“Wait a minute.”
nChoi Gichul picked up his phone again.
n***
nWoosung grinned as he watched his monitor.
n“Ha! He was going to fix the price with only a few millions of dollars?”
nWoosung had previously moved his bitcoins to Bit Trading account. Woosung started to sell them off quickly.
n“I have over a million bitcoins here.”
nChoi Gichul’s team tried to increase the price, but Woosung stunted their attempts every time.
nAfter 12 hours, the price could not even reach 1000 dollars.
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