Beer Bubble #3(2)
Bel and Bob were only happy for a few days after investing all their wealth into beer, the price of which had risen 900 times its original value.
For a few days, the beer price, which had soared up to 1,000 times its original value, seemed to have met resistance and fluctuated around 900 times its original value.
Bel complained about the stagnant beer price.
"Why isn't it going up all of a sudden? The beer price was going up well, and now it's hesitating?"
Bob was also dissatisfied with the stagnant beer price.
"Is someone releasing a supply somewhere? It should keep going up to be normal."
Bob looked around the quiet bar.
It used to be crowded with nobles who came to buy beer.
"Come to think of it, I haven't seen any nobles for a few days. Where did they all go? The current price is still worth targeting."
"Maybe something happened? Like the dwarves suddenly retreating their army."
"No way. The dwarves aren't stupid enough to give up this golden land and leave. Right?"
"Yeah, that's true."
"Let's find out what's going on first. I don't know why it's so frustrating when it looks like it's going to keep going up."
After finishing their conversation, the two met with other speculators in the bar and exchanged information.
They didn't know much, but one of them shared a story he had heard from outside.
"The Rothsmedici family started selling beer?"
"They seem to be releasing it little by little. That's probably why the nobles went there."
"Ah... I was wondering why the price wasn't going up."
The speculator who shared the news continued.
"They probably won't sell all of it. But it seems like there won't be any increase in beer prices for a while. It would be strange if the beer price kept going up while they were selling it."
"True. If there's a supply, the price can only be maintained."
"But I'm curious. Why are they selling the beer now?"
"They might think it went up too much. But the Rothsmedici family would know too. That it'll go up again someday."
"This beer, not only the dwarves but also the imperial nobles have a huge demand. Just thinking about the nobles I know, the beer price won't drop that easily."
"Looking at the fact that the price is maintained even though the Rothsmedici family is selling beer, it must be true. I think so too."
"Anyway, that's it. I heard it from someone I know, so it's almost certain."
After finishing their conversation, Bob went to find Bel.
"Hey, I found out why the beer price isn't going up."
"What happened?"
"The Rothsmedici family is selling beer."
"What? The Rothsmedici family is selling beer?"
"Yeah, I don't know why they're selling it, but it's not strange for them to sell it. The beer price has gone up a lot in the first place."
At that, Bel expressed his concern.
"Do we have to sell too? I mean, the Rothsmedici family has almost all the beer."
"Hey, they're only selling a portion of it. They won't sell all of it, will they?"
"Still, the nobles are eager to buy from each other."
"Even if the Rothsmedici family sells, other nobles will take the beer. And they'll raise the price again. Let's just watch for now."
Bel decided to agree with Bob's decision for now.
"Alright. Let's just go with what you said for now."
A few days passed, and the beer price eventually dropped to 700 times its original value due to oversupply in the market.
As the beer price continued to drop, the only thing that increased was their alcohol consumption.
Bob, who had been sighing deeply, said to Bel,
"How much stock do they have that they still can't dispose of it and the price keeps dropping?"
"How much loss is this? Should we just get out of here?"
At that, Bob raised his voice.
"No way! How can we cut our losses here! Beer will go up again if we just wait a little."
"Will it go up again?"
"Did you already forget? It went down to half its value and then soared again."
Bob continued, pounding his chest.
"I really want to cry just thinking about that time. We should've held on no matter what. Why did we panic and sell?"
Bel could sympathize with that.
If they hadn't sold and had held on back then, they would be even richer than Sam by now.
"Ah... that's right. We should've held on no matter what back then. We panicked and suffered a loss for no reason."
"So this time, let's not panic and just hold on. From what I've heard, this war won't end overnight. It's still going on. Does it make sense to sell beer here?"
"Well... if we just wait a little, the dwarves will run out of beer and buy beer from everywhere. Then the price will skyrocket again."
"Now it's a bit down, but when the rebound comes, it'll go 2 times, 3 times in no time."
"I know. Of course, when the rebound comes, the beer price will go to the moon."
"So let's just hold on no matter what."
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