Chapter 1071: Chapter 651: The Gambler_3
Chapter 1071: Chapter 651: The Gambler_3
Due to the pegging of Ten Thousand Dao Points to the Heaven-Connecting Coins, once a collective run on the Ten Thousand Treasure Pavilion occurs, it must produce Heaven-Connecting Coins to fill the gap. If there aren’t enough coins, it would have to use resources, items, weapons, and Hero troops as substitutes.
Thus, this move of theirs is to pull the rug out from under Ten Thousand Treasure Pavilion’s foundation. Even if the Pavilion’s potentiality is robust and it wouldn’t go bankrupt from the run, it would still suffer heavy losses, with Serious Damage to the Vital Energy.
In recent years, the Demon Abyss has always avoided that person’s military edge, denying him the opportunity to profit from wars, and he could only rely on the operations of the Ten Thousand Treasure Pavilion to strengthen himself, causing the market of Ten Thousand Dao Points to grow increasingly large.
Now, with the collapse of Ten Thousand Dao Points, even someone who has reached Seventh Rank will not have enough resources to develop.
Without enough resources to develop, after the safe period of three thousand years ends, facing a desperate Demon Abyss, would he still be able to stand his ground?
Of course, he could also go back on his word, and stop the exchange of Ten Thousand Dao Points altogether, or even refuse to recognize this private currency anymore.
But the consequence of that would be the complete loss of credibility for the Ten Thousand Treasure Pavilion. Even if it could withstand the Demon Abyss at Seventh Rank, what about after the Seventh Rank?
The Demon Abyss could afford to bleed heavily and repeat its trick, once again evading his sharp edge, and denying him any chance of profiting from the war.
With the Ten Thousand Treasure Pavilion completely discredited and unable to profit from operations, how could it continue to develop and strengthen itself to face the challenges of the Eighth Order and Ninth Order?
Thus, it’s a checkmate, a situation from which death is inevitable, whether sooner or later!
But the premise of this checkmate is that the Ten Thousand Dao Points must crash utterly and completely.
So…
Outside the Sky-reaching Tower, in front of the Ten Thousand Treasure Pavilion’s various stores.
Crowds overflowed, forming long queues, each of them desperate to get their turn.
“It’s dropped again, it’s dropped again!”
“Damn it, you in front, hurry up! What are you dragging for? Waiting to die?”
“The Ten Thousand Dao Conference isn’t even happening anymore, are they just not pretending anymore?”
“Hurry, hurry, hurry. If you don’t exchange it now, it will be worthless trash in a little while.”
“I knew I should’ve sold it earlier, look at these prices now… absolutely bleeding!”
“Do you have no conscience? You’ve made so much with Ten Thousand Dao Points before, and now you’re crying and panicking over a little risk, running over here to cash out. How is that fair to the Ten Thousand Treasure Pavilion?”
“Right, even if Ten Thousand Dao Points crash, it’s because you caused it with your run!”
“It’s not too late to stop now. If we all help Ten Thousand Treasure Pavilion through this difficulty, we won’t have to throw away our investments!”
“Yeah, what’s a Seventh Rank anyway? With the Pavilion Master’s strength, even if he can’t suppress the Demon Abyss as before, it shouldn’t be a problem to hold his territory, right? Why the cash-out frenzy?”
“There’s still three thousand years of safety left, the run doesn’t have to be at this very moment, right?”
“If you aren’t in a rush, then why are you in line here?”
“Bullshit gratitude. It’s all business. How much did Ten Thousand Treasure Pavilion earn with these Ten Thousand Dao Points before? And now we are supposed to go down with the ship just because it’s crashing?”
“It’s three thousand years, three thousand years! My bones will be dust by then. You’re telling me there’s a chance he’ll stand against the Demon Abyss in three thousand years, let Ten Thousand Dao Points regain their value?”
“Forget it, the higher the Corresponding Rank, the greater the gap. Even if he could withstand Seventh Order, what about Eighth Order and Ninth Order? This thing is bound to crash, sooner or later. If you get out now, you can still recoup something. Wait too long and you’ll be left with nothing.”
People were arguing furiously, and amid the heated debates, everyone was anxious as they watched the price board outside the Ten Thousand Treasure Pavilion and the movement on the Reputation List.
Just then…
“It’s plummeted again, plummeted again!”
“How did it drop so much?”
“Damn it, who’s the bastard selling like this?”
“It must be Heaven-Connecting Immortal Palace, and the other major powers. Only they would hold such a large number of Ten Thousand Dao Points.”
“These bastards, are they trying to drive us to death?”
On the price board and the Reputation List, the numbers suddenly leap and plunge downwards like a landslide.
The price board and Reputation List aren’t hard to understand.
The former is a display of the exchange rate for Ten Thousand Dao Points set up at the entrance of the Ten Thousand Treasure Pavilion—the more people exchanging, the lower the market price of Ten Thousand Dao Points, and vice versa.
Of course, since the trading of Ten Thousand Dao Points is privately operated by the Ten Thousand Treasure Pavilion and there are no oversight mechanisms in place to prevent manipulation or fraud, one must also scrutinize the Reputation List.
Since the Ten Thousand Treasure Pavilion is owned by the Pavilion Master, and the Ten Thousand Dao Points themselves have no intrinsic value and are not recognized by the Sky-reaching Tower, when someone exchanges Ten Thousand Dao Points for Heaven-Connecting Coins and various resources endorsed by the Sky-reaching Tower, the Pavilion Master’s wealth will inevitably decline.
Wealth is also the source of a Lord’s reputation. With a decline in wealth, reputation is sure to fall.
Hence, the combination of the two allows us to directly see whether there has been a selloff of Ten Thousand Dao Points.
And right now, whether it’s the price board or the Reputation List, both the value of Ten Thousand Dao Points and the reputation value of the Pavilion Master are plummeting at an alarming rate and magnitude.
What does this imply?
It shows that someone is offloading a massive amount of Ten Thousand Dao Points, causing the Pavilion Master’s wealth to drastically shrink, and in turn, his reputation to drop significantly.
This is unavoidable!
The crash, it has started!
Everyone was thrown into a panic, and the already unstable queue, agitated by the cancelation of the Ten Thousand Dao Conference, descended into chaos and started to threaten the store’s entrance.
Just at that moment…
“Don’t panic, everyone!”
A group of people walked out from the Ten Thousand Treasure Pavilion, led by Vice Pavilion Master Zhang Yan.
Facing the crowd, Zhang Yan spoke with a calm voice, “The drop in the price of Ten Thousand Dao Points is a normal market fluctuation. I hope everyone won’t believe the rumors.”
“You’re saying it’s so? That settles it?”
“It’s come to this and you’re still being stubborn like a drowning duck?”
“I don’t care, I want to cash out my money now!”
“Talking pretty, if you have the capability, open more windows and let everyone exchange freely.”