Coin Tycoon Also Goes to Work - Chapter 279



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Episode 279

Dogecoin was nothing more than a meme coin.

It is a virtual currency created by Billy Markus and Jackson Palmer as a parody of cryptocurrencies such as Bitcoin, and its symbolic icons such as the Shiba Inu have gained cult popularity, establishing it as one of the meme assets.

Musk has also tweeted support from time to time, and Mark Cuban, the owner of the famous American professional basketball team Dallas Mavericks and one of the investors, has also announced that Mavericks merchandise can be purchased with Dogecoin.

The reason Musk values ​​Dogecoin so highly is because it is more actively traded than other cryptocurrencies in the cryptocurrency world.

however.

“It’s just a scam.”

Since even Bitcoin and Ethereum, the pinnacle of technological prowess, are subject to fluctuations in the global stock market, I tend to treat meme coins as nothing more than scams.

However, when Elon Musk mentioned Dogecoin, its value soared in an instant.

No matter how much I judge Musk to be the world’s greatest innovative person, I was starting to dislike him.

“I’m telling you, he’s a really difficult person to judge.”

I thought Elon was only proud of his very well-founded technical skills. I didn’t know that he would make coin investors from all over the world flock to him by continuously posting tweets encouraging investment in meme coins and such.

How is this any different from the mass production of legitimate coin speculators? He would have already picked up Dogecoin at the bottom and is now open-mouthed, taking other people’s investment money.

broke the silence.

“I thought Elon would be different.”

Of course, I also admit that coins are more of a speculative investment than an investment.

However, it can be said with certainty that more than 90% of stocks and real estate are speculative.

Coins are just something that speculators have a lot more of.

Even so, in the end, it’s the same for any sport when it comes to money gambling.

Even Elon Musk said this:

“Bitcoin is good as a store of value, but it is fundamentally unsuitable as a transactional currency.”

“Dogecoin has a higher trading volume than Bitcoin and has greater potential as a transaction currency.”

Unlike Bitcoin and others, Dogecoin is actively traded because it is produced quickly and costs less. However, the price itself does not rise as much as other cryptocurrencies, and is literally like a coin. This is natural because it is a coin with no production limit.

Yet Elon Musk even whispered to me that he was thinking of accepting Dogecoin as payment for Tesla vehicles in the future.

Why meme coins anyway?

You could tell just by looking at domestic communities.

“Dogecoin is the future”

“Did Seo Jeong-in put money into Dogecoin?”

“Instead of buying altcoins here and there, just buy one Dogecoin. It will become your home.”

“Coins are better than stocks. It’s so new to come to the coin market after investing in stocks. I don’t think I’ll be able to invest in stocks in the future, f*ck.”

“You don’t have to look at things like kimchi premium every time. Dogecoin is so attractive, isn’t it?”

“What I’m saying is, live ignorantly first and then leave.”

“F*ck, I can’t be the only one who can’t eat this kind of food.”

broke the silence.

“Is a speculative frenzy starting to emerge?”

Coins were positioned as the high point of asset substitution.

Since I had a Bloomberg interview scheduled with Carson Pickett, I asked her to ask me one question I wanted to ask.

And Carson Pickett faithfully followed through on this.

“Mr. Chairman, you are also the CEO of Matecoin, which currently has a comprehensive infrastructure. Dogecoin is a huge craze. May I say something about it?”

“Yes, that’s right.”

“When Elon Musk told me to buy Dogecoin early this year, I actually bought it with a month’s salary. The current return is a whopping 1,000%. It’s almost my annual salary. What do you think about Dogecoin, Chairman?”

I opened my mouth and pointed at Carson.

“Dogecoin is also called a joke currency. It literally started as a joke. The reason Dogecoin was created is for remittance. But that’s literally all there is to it. No matter how many haters there are who lump all coins like Matecoin and Ethereum together and criticize them as scams, investors need to know this. Dogecoin is no different from a scam.”

Carson Pickett was unmoved, perhaps out of reluctance.

“Dogecoin is said to have an incredible speed of issuing 10,000 coins in just one minute. If you convert that to a year, it can issue 5.2 billion Dogecoins in one year. Also, Billy Marcus, who created Dogecoin, was a senior developer at IBM. Jackson Palmer worked at Adobe. Does it make sense that they created a scam coin?”

Carson Pickett, who had already made a significant profit from Dogecoin, wanted to end my speech immediately. I said leisurely.

“Well, Dogecoin will eventually go down again.”

“The market capitalization alone has already surpassed $30 billion. Is the reason for the rise in the stock price really because of Elon Musk’s words? No, I have a reasonable guess that it is because of the infrastructure that Chairman Seo always emphasizes.”

“That can’t be. There is no particular reason why Dogecoin’s price has risen. It’s currently bullish, and it was because of what Chairman Elon Musk said. That’s why the price has risen so sharply. Dogecoin’s scam index has already reached 7.99 points, and it has operated a very sophisticated phishing app that deceived people into thinking it was providing mining services. The Dogecoin mining scam is an inconvenient truth that investors who should know about it are trying hard not to bring up.”

“Well, I disagree. Elon Musk is soon to be the infrastructure for Dogecoin. Don’t you think investors who invested in Dogecoin will think the same?”

After a brief moment of silence, he glanced at Carson and opened his mouth.

“My point is this: Dogecoin cannot be a currency. I just want to warn you to be careful.”

“Chairman Seo also has a great partnership with Chairman Elon Musk. Don’t you predict that if you say something like this, Chairman Elon Musk might turn into a hater?”

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I cleared my throat, opened my mouth again, and argued calmly.

“It doesn’t matter. That means that Elon and my future will change. I will continue to pursue the value of the infrastructure that I believe in, even if I lose.”

Elon Musk used to tell me not to chase money.

But what Elon Musk is doing now is rationalizing the scam for personal gain.

And I already knew of a huge Dogecoin wallet that I thought was Elon Musk’s. It was definitely Elon Musk’s privacy wallet.

‘Because Musk told me about this wallet first.’

Coin wallets have the property that they are unique and cannot be changed in the future. And I remember Elon Musk showing me his privacy wallet while bragging about how much Bitcoin he had in the past.

‘Elon’s reevaluation is urgent.’

No one should know better than you that Dogecoin is a scam coin. Why would someone who should know do so?

I turned my shoulders to clear my head of complicated thoughts.

“Shall we move on to the next question?”

“Is that so?”

As I continued to make remarks that seemed to be aimed at Elon Musk, Carson Pickett’s voice began to tremble, looking flustered.

She couldn’t have been unaware of my reaction.

* * *

“He’s really cheeky.”

“Chairman, Dogecoin’s price has been fluctuating since this interview.”

Elon Musk was silent as he tried to suppress the emotions welling up in him as he listened to his secretary Beth Brown. When he cleared his throat and opened his mouth again, he seemed quite calm.

“Don’t worry. I’ll take care of it.”

‘I didn’t see it that way. You’re calling yourself my hater, you know?’

Elon Musk felt his interest in Seong-in suddenly turn negative and boil over.

But this was the fate of entrepreneurs anyway. It wasn’t Tesla, it was Dogecoin, a meme coin anyway.

There may be conflicting reactions. Even so, it was inevitable that Elon Musk would have different evaluations of Seo Jeong-in.

“Go out.”

Elon Musk, who kicked out Beth Brown, wrote this on social media.

Five minutes after that.

With this one word, Dogecoin started to rise sharply again.

Elon Musk is hungry.

“Jeong-in. The fundamental differences cannot be ignored.”

Even though Seo Jeong-in was the world’s greatest billionaire, Elon Musk was confident that he could keep Seo Jeong-in under his feet.

* * *

“The future of the coin market is led by Bitcoin, Ethereum, Matecoin, and Dogecoin.”

Tezos and Chainlink were generating $200 million in revenue at the end of last year, but they were still doing remarkably well.

Most of the coins I burned my money on were coins with a clear future. Tezos, Chainlink, Icon, Klaytn, and Solana are the same. In addition, I invested heavily in Ethereum. I also bought coins like SolveCare that I expected to benefit from vaccines, and other than that, I bought some junk coins that seemed somewhat promising. I thought that it didn’t matter if they went up or not.

$50 million for Ethereum, and $30 million or the same amount for most other promising coins.

and.

“Six hundred million dollars in no time.”

The $5.2 billion in revenue we confirmed last year has now grown to $16.7 billion.

Combined with the profits made from put options and short selling not long ago, the total came to a whopping $50 billion.

Bitcoin, which had plummeted 40% due to the coronavirus pandemic, has now rebounded from its lows and is on a steep upward trajectory, showing record profits.

“The fire will end soon.”

Having already made unprecedented profits from my coins, I thought now would be a good time to sell.

Ultimately, victory comes from timing your sell.

“Fate.”

I decided to sell all my coins, judging that the correction process may be imminent.

And it took about ten more days before I finally achieved any realized profits from the coins.

“Want to try flexing?”

The man at the top of the pyramid, with money, fame, and power. Now, that was me.

And today, I’m going to try some light flex.

When I faced Emma, ​​I spoke in a calm and composed voice.

“Emma, ​​I want to buy a vacation island.”

“Oh, a resort island?”

“Yes, let’s buy the resort that’s on the market.”

I decided to buy an entire resort.

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