The next day, in the morning.
For the citizens of the imperial capital, the first thing they do every morning is to shout... no, I mean, to check the Poseidon Stone market and see what the prices are like.
After all, this aspect was still quite primitive, so there was only one way for people to check prices: to go to various trading stations to see the listings. Originally, some tabloids planned to add this section, but later they found that people were faster than newspapers, so they had to give up in disappointment.
However.
When the citizens flocked to the trading post opened by the City of Night Sin, they were all dumbfounded.
"Inferior Sea God Stone...forty silver coins per hundred grams?!"
People stared wide-eyed at the prices listed.
Yesterday it was fifty silver coins a gram! How could it have plummeted so much in just one day?!
This is a reduction of more than a hundredfold! It's not even comparable to the initial price of the Sea God Stone trading!
In other words, even if you bought Poseidon Stone on the first day of trading and did nothing afterward, you would still have lost 20% by now!
To be fair, a loss of 20% is not a small amount, especially considering it's only the special case of the "first day of trading".
The price of Neptune Stone is soaring every day. If you enter the market even one day later, the amount of money you have to pay will be much higher, so the amount of loss will only be greater.
This drop in status is akin to jumping off a cliff. Who among the citizens who were dreaming of getting rich yesterday could accept it?
The price drop was the same for both medium and high-grade Neptune stones.
It was a mass diving!
"Is there something wrong with your brand name? Is it spelled wrong?"
Someone snapped out of their daze and hurriedly confirmed it.
If it were forty silver coins per gram, or four thousand silver coins per hundred grams, it might seem a little more normal. Although it was still much cheaper than yesterday, it was still acceptable, wasn't it?
Did you omit or add a few zeros? Did you omit or add a few zeros? Did you omit or add a few zeros?
"Um...no."
The same expressionless manager carefully examined the price list, then shook his head seriously, "This is the price, absolutely no mistake."
That's right, the Bull Demon King is offering special deals!
The crowd erupted in uproar; had they gone mad?!
Many people's first reaction is that the despicable outsider has gone mad, and that he wants to use this method to buy up a large quantity of goods, and then pull the price back up tomorrow to make a huge profit.
Dream your dreams!
Given this situation, no one would want to continue trading here, and they left in twos and threes, cursing and swearing.
It's not like you're the only trading platform. There are also the royal family and the Papacy! And if all else fails, there are plenty of smaller trading platforms; you don't have to buy or sell through your platform!
only.
Even after arriving at the new station, the situation remained unchanged.
Regardless of the trading station, the prices offered were exactly the same as those in Night City.
There might be a slight difference of two or three copper coins? But with such a sharp drop, that amount is practically negligible.
This is actually quite easy to figure out – although the opening time is fixed every day, the prices are actually set a little earlier, which makes it easier for each site to maintain consistency.
Otherwise, if something like what happened today really happened, and your stock price plummeted while I didn't adjust accordingly, wouldn't that allow people to make a killing by profiting from the price difference?
As for the Poseidon Stone trade, most others followed the example of Night Sin City. Following the leader is never wrong, right?
so.
After confirming that the price of Poseidon Stone had indeed plummeted overnight, people were utterly devastated.
To be honest, those who come to look at the prices are definitely newcomers, and they all have some inventory on hand.
Those with less stock might be in a slightly better position, but those who have hoarded a large amount of Poseidon Stones are truly heartbroken at this moment.
After all, many of them had gone bankrupt to participate in this transaction, selling their houses, land, and livestock was commonplace. Now that the Poseidon Stones in their hands had shrunk to this extent, it was no longer a matter of whether they could recover their investment, but rather that they would truly lose everything!
That would be one thing, but the most crucial point is that the trading of Poseidon Stones today is no longer about spot trading, but rather contracts!
To give a simple example, someone may have just signed an order yesterday to buy 100 grams of Poseidon Stone at a price of 50 silver coins per gram, and the amount due upon maturity is 5,000 silver coins.
If the price of Poseidon Stone continues to rise, this is certainly not a problem. Even if the order is fulfilled and then immediately resold, there will still be an overall profit.
But things are different now. The amount of money to be paid upon expiration remains the same, but the Poseidon Stones received are now only worth forty silver coins!
Five thousand for forty? How are we supposed to play like this?!
Unplayable!
Most importantly, many people have more than one order. Even speculators who trade back and forth cannot guarantee that they only have sales orders and not purchase orders.
In other words, under such a sharp drop, no one can escape this wave, and even if someone does, they are extremely rare.
"It's over..."
"What am I going to do? I've already sold my house!"
"Don't worry, don't worry, maybe there's still a chance, right?"
Some people still haven't given up, clinging to the last glimmer of hope: "Wait until noon, maybe the price will go back up by noon?"
Yes.
Given the technological level of the Hualan Empire, it is difficult to keep the price of Poseidon Stone updated in real time. Therefore, over the past month, the common practice in various trading posts has been to use four-hour intervals as the dividing line, with the market opening each day and updating the price once at noon and once in the afternoon.
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