"I Started Studying Investments
When I Thought I Might End Up on the Streets"
Former mixed martial artist and broadcaster Kim Dong-hyun shared his experience of investing in cryptocurrency, even selling a high-priced house in the past.
On the 12th, a video titled "Donghyun, Did You Cry? Now Let's Play Games" was uploaded on broadcaster Ji Seok-jin's YouTube channel 'Jipyeonhan Sesang'.
In the released video, host Ji Seok-jin had an open and honest conversation with Kim Dong-hyun on the topic of 'cryptocurrency.' Kim Dong-hyun recalled starting cryptocurrency investment in 2022, saying, "It was almost like living in hell. Even while filming (the broadcast), the cryptocurrency I invested in would suddenly drop."
Ji Seok-jin empathized, saying, "When I used to trade stocks a lot, if it dropped in a day, the money I earned while working would become meaningless." Kim Dong-hyun tearfully confessed, "I can't even calculate it. I didn't just sell my house; everything went into it."
He continued, "Stocks are very difficult too. You only know if you make money with stocks or coins after seeing it through to the end," adding, "I went all the way down to the bottom and gained experience. I understood why it's risky and why you lose money."
He said, "When I came to my senses, I realized I had invested too much and suffered huge losses," and added, "My children were playing around not knowing anything, and I suddenly snapped out of it. I thought I might end up on the streets, so I started studying investments."
He then said, "After studying, I realized that except for Bitcoin, there was nothing I could touch. At that time, my losses were about 70-80%, so I sold everything and bought Bitcoin," explaining, "I lost money like a fool, but I thought if it became 100 million won, I would break even. That was when one Bitcoin was about 20 million won."
At that time, Kim Dong-hyun invested with funds raised by selling even his mother-in-law's house, saying, "I sold my mother-in-law's house and bought (Bitcoin), but the house price went up and the coin price went down, which was embarrassing," and admitted, "Fortunately, it has recovered now, but it wasn't easy."
Meanwhile, Kim Dong-hyun also revealed on a web variety show last year, "I lived briefly in a small unit in Hannam The Hill, then sold it and invested in coins." At that time, he said that after disposing of the house, he has been living without owning a home and rented an 80-pyeong apartment in Banpo-dong, Seocho-gu, Seoul, on a semi-jeonse lease.
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