Topic: Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing M - page 2. (Read 216 times)

The thing is, investments don't always end up as a means of acquiring riches, there's still quite a lot of risks you'll have to face as an investor, the individuals in the article OP posted were lucky, prolly cause they invested luckily at the right time, but the case is not always that for every regular Joe out there; even Bitcoin isn't a 'safe Haven asset' as of yet, and imo, even before or after making ROI from Bitcoin or whatever crypto it is, quiting your job IRL should never be an option. Having said that, despite how positive the news may seem for crypto in the media, I still have my concerns on the misconception it could create for some that crypto is all a 'get rich quick scheme'.

Ugh, most of these "professional Youtubers" are so fucking annoying, and all their videos are in the same format.  Spoken word intro followed by some stupid music, and then "subscribe and be sure to smash that like button, blah blah blah".  It's amazing that people can make a living doing that.

Now as far as those Koreans who made millions trading cryptocurrencies during the boom, that's great for them.  If you had (or have) enough money to invest, and enough balls to do so--and you pick the right coin(s), it would have been pretty easy in the past couple of months to make a fortune.  It doesn't take a lot of brains to do so when the market is raging like it has been; it just takes enough money to multiply.

But retiring early never appealed to me personally.  I'd prefer to be doing something useful with my life instead of just lounging around (or making Youtube videos about how much of an investing genius I was for getting rich during a time when no one could lose).

Most of us desire early retirement. Some want to put up a business of their own. What's great about investing in crypto and/or other financial instruments is that you can do it without the need to give up your daily job or business. Even if you decide to become a day trader, it won't take much of your time, so you can still take care of your other income streams. That's most likely what these Korean investors did, and it played out well for them.

from here we can learn that no matter how long we work in a company, in the end the decision to put forward a bright future is to invest finances from the first day you leave the company (like the employee did). that way when they stop working, there will be results waiting in sight. both for himself and for the future of the family.
very inspirational, because with that the financial management for the future has been answered, what and where our money should be managed.

From roughly $45,000 worth of investment I could say that he might not have "invested" in a crypto but rather traded it on a frequent basis not unless he have bought a cryptocurrency for such a crazy low price I don't see him profiting around $36 Million Dollars or he might have more capital than that. Nonetheless South Koreans are known for their high risk appetite and I could see him profiting in daily trades that is why he reached to that level. Hopefully other South Koreans would have the same fate as what he had as this might affect their economy as a whole if everyone suddenly have a negative portfolio.

I read the news and found out that they might have won big on crypto investing. The companies did not disclose the reason for their resignation. I don't know how long they'll benefit from their investment, but giving up a job is also about giving up a career skill. Hopefully, they won't lose any of the money they won.

South Korea is experiencing volatile cryptocurrencies during the rapid price trend of Bitcoin and other altcoins. Such a scenario has led to very successful transactions for the country's middle class in profit from the cryptocurrency market.
According to Korea's JTBC television network, employees of large companies such as Shinhan Card, Samsung and LG Electronics have claimed to have made enough money to easily resign from their current jobs.
Evidence suggests that these individuals successfully own millions of dollars' worth of cryptocurrencies.
One of the traders, a former Shinhan Card employee, told JTBC that he had raised almost 3 billion won ($ 2.7 million) and that such astonishing profits had been made during high-risk trades.
In fact, he invested his life savings and some of his loans in cryptocurrencies and resigned from Shinhan Card last month after making millions. Interestingly, he has now become a full-time YouTuber to share his success in cryptocurrencies.
According to a previous report, the former Samsung employee made a profit of $ 36 million in the cryptocurrency market.
Another former employee interviewed by JTBC claimed that after investing just 50 million won ($ 44,670) in cryptocurrencies, he made a profit of about 40 billion won ($ 36 million).
None of the above interviewees revealed which cryptocurrencies they had invested in.
However, an unnamed Yowido-Dong employee in Seoul refrained from investing in Bitcoin (BTC) and told JTBC media that many people were investing in the cryptocurrency market, but that was the case. It is anxious and dangerous.
According to a recent Bitcoin.com report, the crypto market in South Korea continues to experience a booming market. According to research, local investors in the cryptocurrency market traded about $ 7 billion daily from January 1 to February 25.


Source: https://news.bitcoin.com/former-employees-from-major-south-korean-firms-quit-their-jobs-after-pocketing-millions-in-crypto-profits/