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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
25 22,057 Share 90% Upvoted
 
trogdorthe8th
trogdorthe8th15,547 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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amsterdam-korean
amsterdam-korean697 pts Thursday, November 17, 2022 0
Thursday, November 17, 2022

Investing in stocks is simply playing the long game: my stock portfolio goes up & down all the time, just wait for a couple of years & hopefully after the Russia - Ukraine war, the global economy will get into a positive flow again - when that happens, simply collect your money or choose to keep investing (with possibly a better spread/diversity of your stock portfolio). Crypto after the first boom/hype.... has been nothing more than pure gambling & with gambling comes a very high return OR ultimate losses. After the latest crypto disaster: FTX bankrupcy + the aftermath which is happening now..... I am conviced that the majority of lossess incurred on crypto will NEVER, ever be recuperated.

5 (+5 / -0)
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