Cryptocurrency Gave Young South Koreans A Glimmer Of Hope And Now Dashed | NBC News

For Juwon Park, cryptocurrency investment represented a 'life raft' to escape drowning in debt and one day move out of her parents' home. But she wasn't counting on the South Korean government's plans to regulate the market.
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Cryptocurrency Gave Young South Koreans A Glimmer Of Hope, Now Dashed | NBC News

[@maryrich7873]

The economy hardship, recession, unemployment and loss of job caused by covid pandemic is enough to push people into financial ventures.

[@alenscott3186]

I have secured financial freedom by investing in bonds, equities, EFT's and some digital currencies

[@walkerron856]

[@paulpreston2199]

Wow I'm just shock someone mentioned and recommended expert Mrs Pamela Morgan I thought people don't know her.... She is really good and awesome!

[@paulpreston2199]

It's surprising that people are so scared and discouraged by sudden drop in value, most crypto traders and investors are less knowledgeable about the dynamic of cryptocurrency. It's a time to buy the dip and connect with good traders that knows the Institute and outs of Wall Street wizardry. I'm covered and secured about the market thanks to TRADE EXPERT Mrs Pamela Morgan

[@florinstrava3896]

I've heard of her trading prowess.

[@dimalixcsohn960]

never sell. where are they now?

[@jimmybar11]

The Rich are rich not because they look rich, but rather becAuse they possess the skills and strategies of the rich.The rich invest their money first into asset first before purchasing liabilities.the rich build multiple incOme streams to diversify thier income..

[@wellsdells8946]

crypto is already taking over the world's economy Bitcoin most especially

[@jackjacob3095]

can someone really make a living by trading Bitcoin ?

[@emailwilliamgrobanmanageme928]

yes of cause the profit I have got from Bitcoin trading has been sustaining my finances throughout this pandemic period.i learnt about it here on KZbin and I invested

[@justicemissy5291]

how does this Bitcoin Investment work please I I'm really interested

[@emailwilliamgrobanmanageme928]

it doesn't really work that way I have been watching video and wasting time on strategies.Get yourself a professional broker and make your own profit

[@crystalidx]

“Oh my ripple went up”

[@blackout07blue]

Welcome to the stock market. This happens. It's just gambling. Guesses.

[@ArythemB]

Crypto is not a stock market. Its a liquid global savings account. Its a community funding. Having tax on it means that robber of a government steals value from people of earth.

[@saeedsofia6003]

Mrs Tessy is legit and her technique works like magic I keep earning every single week with her new strategy

[@walter.j.2740]

thanks for introducing me to Mrs Tessy My first investment with Mrs Tessy gave me profit of over $24,000 US dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

[@nicholasgodfrey240]

yes I'm also a living testimony of expert Mrs Tessy... she has changed my financial status for the best. All thanks to my aunty who introduced her to me

[@kareemserifat7235]

who is this professional everyone is talking about I always see her post on top comment on every KZbin video I watched... I think I am interested how can I get in touch with Mrs Tessy

[@user-tb8nf5yi8h]

👆 searching for her connection

[@stassia4881]

I am now a creditor not a debtor anymore

[@NoorKhanNY]

The greed, rapacity, avarice, or whatever you want to call it is appalling. How about encouraging things like free education? To think this person has to use a get rich scheme to buy housing or get a higher education (which inherently provides holistic value to society) is just sad. She talks about losing whatever glimmer of hope she had. The implication that NBC is providing here is that these regulations are bad. No, they're not. Cyrpto works like any other currency. When there are winners, there are losers. So even if this girl made the money she needed, it would be on someone else losing out on their investment.

[@e.w.6470]

She is not investing but more of gambling. Investment takes time to pay off. Shouldn’t expect quick money.

[@Peter_S_]

Cryptocurrency is like any fiat currency. You're trading real money for fake money.

[@ArythemB]

You trading fake money/value for a real electronic value. Supply and demand still in effect

[@ThEBeSt-gx8ze]

The name alone crypto No thanks Poor girl

[@reyrey4261]

ThE BeSt ! No, poor retired mother, losing $12,500 because her children advised her to do it.

[@ECX0x100h]

Just remember that your gain is someone else's loss. When you invest in crypto, you basically want to eat someone else's food and deprive them of food. Nothing of value is produced. Money is only being shuffled around.

[@cal8338]

Yea just know when you need to bail out

[@casualsuede]

That is not just crypto, that is how the world works in general. You make it sound like some kinds of revelation. The is a finite amount of everything on planet earth and you obtaining something means that it is removed from the pool, whether it is crypto, a bottle of wine or cutting down a tree.

[@ECX0x100h]

@@casualsuede yeah no kidding. But people don't realize this fact with trading

[@casualsuede]

The problem with investors nowadays is that the "meme" stock phenomenon are leaving new investors disappointed when their buy doesn't triple in a month, or they get the YOLO effect and buy a stock or a crypto that has been hyped at it's highest point and can only go down. Stock investors my age (I'm genx) bought stock with a 10, 15, 20 year perspective based on good fundamentals, history and growth potential. Just investing in VOO, a s&p index fund could have taken that 2500 and turned it into over 5000 from 2018 to 2021, I have funds that may have only grown 50% over 15 years, but they pay out 6-7% dividends that are reinvested so an initial $1000 investment maybe worth only $1500 over 15 years, but the dividend reinvestment made it worth $6-7k .

[@barbaraott407]

.

[@blackout07blue]

What was the glimmer of hope again?

[@holymason7]

This didnt age to well now did it.. btc reaching 69k as of this year.

[@koston777]

This sounds kinda fake. In Korea young person like her just dont speak English that well. And if they do they are usually from families that are wealthy and send their kids oversea to learn English. There is very little chance that family living in small village like that have a daughter that speaks English that well. Not even mentioning her brother speaks English well by just hearing his accents. I don't know for sure but who knows?

[@helenagomez4324]

For investing and trading in Forex and Bitcoin trading I only recommend one platform, where you invest and get a whopping profit of 98%. Start trading with Donald Liam today and earn 20× of what you invest in just seven days of investing. Y'all can reach him on telegram @donald_liam or WhatsApp:[phone]I almost gave up on Bitcoin trading, until I got the opportunity to invest with Donald_liam on telegram, and I made $54,000 within 2 weeks of doing business with him Reach him on telegram @donald_liam or WhatsApp: [phone]

[@gtw4546]

@@helenagomez4324 Shame on you for scamming people by appealing to their greed!

[@helenagomez4324]

@@gtw4546 you're dumb, has he cheated you before? Awn

[@gtw4546]

@@helenagomez4324 Evil people appeal to people's fear or greed (or both) when giving investment advice. You're appealing to greed and I'm smart enough to see through you.

[@amapparatistkwabena]

One of the few young South Koreans who speaks English well; what a great inspiration to other youngsters who are instead focusing on grammar exams and who can hardly string a sentence together! She will be just fine!

[@laviebanale]

She speaks better than Koreans who’ve studied and worked in the US for decades.

[@ylpea5170]

I am so thankful for not having had to grow up in Asia.

[@bluedrangon69]

she invested in the Centralized Ripple Coin......LOL , good luck with that

[@user71285]

It would be ironic if you were a Bitcoin holder, considering the majority of Bitcoin miners are located in Chinese mining farms... How is that decentralized?

[@JM-ud6my]

I invested $450 early November, then I traded alt-coins with that.. at one point it was worth around $19,000.. at the moment my alt-coins are worth $3,200 but when it shoots up again it will be fun to watch 😌

[@JM-ud6my]

Why would I lie lol

[@gtw4546]

@@JM-ud6my Not lying - deluded.

[@dimalixcsohn960]

so did you hodl?

[@danhemming6624]

I never trusted it. I told my boss not to buy into it as he was going to convert his business into bitcoin.

[@kingodds8919]

Hey fella, how is your Boss doing today?🙂

[@danhemming6624]

@@kingodds8919 great. Just expanded.

[@unorig4742]

FUD

[@jondury9450]

So, a kid spending 2500 dollars on a crypto currency is newsworthy?

[@casualsuede]

Her story is an indication of a whole culture. Is that something that is hard to understand?

[@crystalidx]

Cryptocurrency is like trading real money for fake token money.

[@dfg1999]

I know you can make money out of it for sure, but you lose your dream because it is just like drugs and gambling.

[@fikrisham3081]

Instead invest in crypto,i think better invest in real asset such as commodities.It may takes your time but sure you will never regret on it.Just be patience cause financial is all about the way how you can control your emotion well.This is my opinion...correct me if im wrong.

[@mightyali]

she bought bitcoin when it was $19k 😆

[@cal8338]

Started bitcoin in 2010 now I'm fully retired in crypto after the rush in 2016-2017. Bye bitcoin thank you for everything now me and my family are set for life, To all who wanted to start, I'd say the cold harsh truth. You are wayyyy too late for this

[@encapsule2220]

@@cal8338 2021 says ur a 🤡 xD

[@cal8338]

@@encapsule2220 yeah no problem I take what I have, already grinding it out now I take what I got and enjoyed it, me and my family life was settled and I am fully retired now and the most important thing is my mind and attention now can be fully on my family, not grinding anymore. Good luck on your journey brother

[@chrischoi1412]

암호화폐에서 희망을 봐? 할 말이 없다..ㅋㅋ

[@danmac0]

She had to sell her dining table and chairs?

[@disrxt]

Cpyto-scam.

[@dicksonedward8294]

I pray that anyone who reads this will be successful in life.because Bitcoin help me a lot to support my business I tried it and now my company is moving forward..successful people don't become that way overnight.what most people see at a glance-wealth,a great career,purpose- is the result of hard work and hustle over time.

[@compajoetrent6390]

Yeah! I agree with you sir.

[@Lucaslima-gn1kn]

If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.

[@shivayoosefishivay9151]

People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.

[@roneldgeorge5412]

That's very correct sir!! And that is why most of them end up losing they money to scammers.

[@roneldgeorge5412]

Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.