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Posted by Germaine-Jay Thursday, November 17, 2022

Cosmic Girls' Soobin reveals her huge mistake with crypto

AKP STAFF

Cosmic Girls' Soobin revealed she made a huge mistake with cryptocurrency.

On the November 17th episode of 'Yong Jin's Health Center', Cosmic Girls' Exy, Soobin, and Seola were asked about the girl group's finances. Soobin then shared, "I bought cryptocurrency and stock when they were the most expensive to buy. I bought coin when it was the highest at 80,000 Won ($59.20 USD)." 

Exy commented, "That's why she whines a lot when crypto is not doing well," and Seola added, "Her feelings go along with the crypto graph." Soobin expressed, "I think I had a hard time when it happened. Now that I've been down there, I've given up a little."

She further revealed, "I'm -80%. My stocks are also at -60%." 

  1. Cosmic Girls
  2. Soobin
24 21,661 Share 90% Upvoted
 
trogdorthe8th
trogdorthe8th15,533 pts Thursday, November 17, 2022 0
Thursday, November 17, 2022

I know that many idols are often sheltered, with some even saying they didn't know how to open and manage their own bank accounts before. But in this case, I'll give Soobin some credit in that MANY average people have tried and failed at Crypto. Like many financial markets it's fickle (but also HIGHLY more volatile than average stocks), and people who want to invest need to be prepared for either a long term investment or quick loss. Navigating crypto is possible but arguably not without issue. Hopefully this won't turn her off from investing, but perhaps in the future she should acquire the services of someone who works in the field to better guide her portfolio.

16 (+16 / -0)
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DLKW
DLKW5,184 pts Thursday, November 17, 2022 0
Thursday, November 17, 2022

Crypto is FAR TOO volatile of a market for investing right now especially with some places crashing and burning and going into bankruptcy and getting hacked. Gemini has also had an increase of people wanting to get paid out as they're worried. Crypto is only worth it if you bought it at a VERY, VERY low price. Nowadays, you won't get much in terms of profit and in almost all instances, you will probably lose your money. If you have the money, then real estate is the guaranteed money maker. You can never go wreong with real estate and If you are smart, you can never lose money on it either and you could make so much by sitting back with your feet up.

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