[Sports Chosun Reporter Jo Yoon-sun] Kim Dong-hyun revealed that he sold his house in Hannam-dong and struggled emotionally due to Bitcoin.
On the 11th, a video titled “Dong-hyun, Did You Cry All? Now Let’s Play the Game: Dongmakase Kim Dong-hyun Episode” was uploaded on the YouTube channel ‘Gipyeonhansesang.’
When the topic of Bitcoin came up, Kim Dong-hyun confessed, “2022 was almost hell. Living hell. Even during filming, the price would suddenly drop, and during breaks, I’d think, ‘What should I do about this?’ and become speechless. But what can I do? I have to work hard at this, at least. There’s money going out every month,” recalling his difficult past.
Ji Seok-jin empathized, saying, “I used to invest a lot in stocks, and when the price fell in one day, the money I worked hard to earn seemed meaningless. What I earned was only a tenth of the money that vanished that day.”
Kim Dong-hyun, who sold his house to invest in Bitcoin, said, “I really hit rock bottom and gained a lot of inner strength. I know why it’s risky and why people lose money.” He continued, “Timing the market is very difficult. You’re bound to make mistakes. Even if you sell at a profit, you won’t feel satisfied because you see it rise after selling, prompting you to buy again. People always end up buying when the market is high.”
In response to Ji Seok-jin’s comment about hitting the limit down on six occasions, Kim Dong-hyun asked, “Have you faced it for a whole year? I suffered significant losses starting from then. I got into it like a game after just hearing about it, not knowing anything. With a competitive spirit, I overdid it. Suddenly, I realized too much money was involved, and I’d lost too much,” he revealed.
He added, “Our children were playing around, unaware of anything, and I had a flash of realization that they might end up on the streets. That’s when I started studying. I was in a situation where things were down 70-80%, and despite significant losses, I sold everything and reinvested in Bitcoin again. Foolishly, I thought that if this amounts to 100 million won, I’d break even.”
Ji Seok-jin noted, “There were rumors in the entertainment industry about Dong-hyun’s emotional struggles, and people speculated he had roughly broken even,” expressing sympathy.
Kim Dong-hyun remarked, “I won’t eagerly wait for a huge gain. I’ll cash out when the time is somewhat right. I’ve been through too much to be greedy. The moment you talk to me about coins, I’ll sell,” bringing laughter.
Ji Seok-jin advised, “Human greed knows no bounds, and I’m considered a minus in investment myself. No one says, ‘I’m telling you because it’s you.’ If it reaches my ears, it’s rotten information. Always be cautious. You should never invest most of your money. Only invest what you can take responsibility for.”
Kim Dong-hyun, who even sold his mother-in-law’s house for investment, confessed, “Thinking it was a great opportunity, we sold and bought, even selling my mother-in-law’s house. It was embarrassing when the house prices rose and Bitcoin fell. Fortunately, things have now recover well, but it wasn’t easy,” he lamented.
Previously, last year, Kim Dong-hyun appeared on a web entertainment show and revealed, “I briefly lived in a small place at Hannam The Hill and sold it. There were some houses, and I sold them all right before they rose to invest in coins.” He added that he currently lives in a semi-jeonse in an 80-pyeong apartment in Banpo without owning a home.