My American magical life
Chapter 828 - 828 45 King's Game 5 Utterly Insane Mass Release 126k Words for Monthly Votes!_3

828: Chapter 45 King’s Game 5 (Utterly Insane, Mass Release 12.6k Words for Monthly Votes!)_3 828: Chapter 45 King’s Game 5 (Utterly Insane, Mass Release 12.6k Words for Monthly Votes!)_3 “You’re really smart!”

Niusen sighed in despair.

“Will, there won’t be seventy million anymore.

By the time we close the short positions, getting fifty million would be good.”

“It can’t be that bad, right…”

“You calculate it, how much it needs to rise for us to avoid a loss, just roughly estimate it.”

“Forty-two percent, just forty-two percent.

That’s without considering the short positions.

If we start covering now, in the future, maybe just a twenty-five percent rise would be enough to break even!”

Geweil quickly said.

(Rough calculations, the precise details are too intricate to explain clearly, please understand)

“Ha ha ha, I really have an extraordinary younger brother, Will, you’re truly amazing!”

Niusen burst into a bitter laugh.

“First, I allowed you to use margin trading outside of the exchange, which I approved.

But when did I ever say you could use margin trading on the exchange as well?”

When it comes to big money trading in high-risk instruments, triple leverage is already terrifying, let alone with Cryptocurrency, which is not like foreign exchange or bond markets.

And yet Geweil used triple leverage outside of the exchange, and added another one and a half times that leverage inside the exchange.

This is truly insane, especially given the enormity of their fund.

In financial markets, the risk curve for funds is not smooth but spikes sharply after hitting a certain threshold derived from specific products!

“Second, when the margin needed a top-up, why didn’t you inform me immediately?”

Niusen and Geweil are biological brothers, connected by blood, yet their interests are not entirely aligned.

Geweil had his little schemes for grabbing more money, and Niusen really didn’t have a more suitable person to replace him, so sometimes he would turn a blind eye to Geweil’s excessive behaviors.

But this time, the consequences of Geweil’s excessive actions were too severe, severe enough that Niusen had to give him a good wake-up call.

Yes, wake-up call — Niusen couldn’t really kill Geweil, then there would truly be no way to wrap things up.

“Third, Will, is there anything that you’ll never report to me if I don’t ask?”

This sentence was meaningless, all emotion.

Yes, Niusen finally exploded.

Actually, his self-control was already quite strong, but anyone facing a situation where they got screwed by their own brother for two hundred million would find it hard to hold back.

“Putting aside the facts, brother, is this matter really only my responsibility?”

Geweil was no innocent young man, but at this point, he couldn’t possibly bear the blame alone.

At the very least, he needed to deflect some of it!

“The hype around BEC coin was huge; Jia’s global roadshow attracted so many investors, who knew which bastard would dump the market this time, they are beasts!”

It’s not my fault, brother, there are traitors!

The crash this bad, it must be the traitors’ doing!

“Sometimes I’m also very tired.

Every year, I make at least tens of millions of Dollars for you, but now you’re angry with me over two hundred million.

You know, as pessimism spreads, a stampede is inevitable.

I did my best.

If it wasn’t for my quick decision, the situation would be even worse.”

I, Geweil, may not have merit, but shouldn’t my hard work be recognized?

Niusen, you can’t just see my mistakes; you also have to see what I’ve done right!

“Moreover, these two hundred million have not really been lost; it’s just a paper loss.

As long as BEC goes up, everything will turn around!”

No need to worry, the Bulls’ arrival is imminent!

The golden generation of America is like that, though…

Geweil’s confidence also had its basis.

King prepared several hundred million in ammunition.

Wolf didn’t want the money from cashing out; Gru didn’t take it, and Niusen wasn’t informed.

In the end, Mi’er and King took the lion’s share, and the money would be used even more for BEC’s market capitalization management.

All in all, as an essential piece of King’s empire, BEC can’t remain at a ridiculous low price for long.

“Will, so are you suggesting that I do nothing and just wait for things to gradually improve?”

Niusen looked at Geweil with a tone full of mockery.

Idiot, do you think others are selfless saints, willing to spend real money to get us out scot-free?

“Uh, investment requires patience, immediate success or failure doesn’t affect its true value.”

“Value, what value does BEC have, tell me!”

“It….”

Geweil was at a loss for words.

Yeah, BEC has no value at all!

Ridiculous capital play, shameless financial fraud, terrifying harvest scythe, and all the conspirators with their own agendas, all these secretive yet common knowledge things make up everything that BEC is.

Secretive, refers to those people in Goose City that joined the hype.

Common knowledge, refers to the wealthy gentry of Goose City.

But, is that really the case?

“It has value!

California is its greatest value, LCE is our California Cryptocurrency exchange, and BEC was ICO’d in California.

Brother, so much money is tied up; you can’t just ignore it.

If you indicate or hint on the side, BEC will immediately bounce back.”

Geweil had an epiphany, obtaining some wisdom he’d never experienced in his life—or so he thought!

“Ha ha ha, child, do you think someone might have anticipated this move, they drew you in, trapped me through you, forcing me to take certain actions, think about it.”

Niusen wasn’t angry anymore; he found Geweil somewhat endearing.

Endearing…

well, that’s a word to describe minors.

Children over the age of twelve generally refuse to be described by others in this way.

Labeling Geweil as ‘endearing’ almost suggests that in the eyes of Governor Sir, this little brother of his will just stay this way for life.