Three years ago, when I came to Seoul from New York to see my family in the winter when the coin craze for the first time struck, my parents and my parents faced each other, asking for allowance.
The parents’ heart to give them pocket money to spend while in Korea and the child’s heart to give pocket money as a New Year’s gift to their parents because they have enough money to spend in Korea met, but in the end, I couldn’t break my parents’ stubbornness and received 500,000 won. The allowance I was going to give was 500,000 won. I bought bitcoin by putting 1 million won in that way into a domestic cryptocurrency exchange instead of a bank account. Then he forgot that fact.
I have been to Korea since May this year to celebrate my wife’s sabbatical year of studying and teaching at an American university. One day, while reading an article on the exchange at CoinDesk Korea, I suddenly thought about it.
‘Oh, I bought 1 million won worth of bitcoin at that exchange!’
Even a 1,000-won bill that was accidentally put in the pocket of the pants and twisted by spinning the washing machine is always nice. The humming song came out. However, when I recalled that I bought the bitcoin at an all-time high of 20 million won each, the hum soon changed from major to minor. It was worth knowing why I bought bitcoin with a lot of money of 1 million won and put that memory in the swamp of oblivion.
I, who is in charge of translating US CoinDesk articles introduced on CoinDesk Korea, like blockchain expert journalists, knew about cryptocurrency and bitcoin earlier than others, but I have never made a proper investment.
We often introduce articles on market prices, and we know that in the end, interest focused on the return on investment has no choice but to lead the growth of the cryptocurrency industry. However, at the same time, I have been working on translations, believing that it is important to tell the story well so that we can accurately understand the principles of blockchain technology and the value that the cryptocurrency community is aiming for in order for the interest to last longer.
Bitcoin price is finally breaking the highs every day after a long ups and downs and wild jumps. What’s even more enjoyable is that, unlike three years ago, people have a much more detailed and accurate understanding of the driving force behind this bull market.
There are many people who can give a reason why bitcoin prices are continuing a solid rise, not only to understand the Fed’s monetary policy, but also to the trends of the cryptocurrency industry, including bitcoin and DeFi, which have passed half-life. Just three years ago, most of the reactions were “what the hell is bitcoin, is everyone so mad?”.
In the new year, we will calculate the bitcoin rate of return and give as much money as pocket money, minus the principal. I forgot my password, too, but I set it secure again after I authenticate myself. Suddenly, it’s obvious that you’re going to squeeze out what kind of pocket money it is, but I’m going to explain it step by step.
The year of 2020, which was all hard due to Corona 19, is coming to an end. The situation will not improve right away, but I expect that 2021 will be a less difficult year than 2020. I hope that the readers of CoinDesk Korea also spend the year-end and New Year holidays sharing encouragement and support to myself and the important people around me, who have endured a difficult time.
“Thank you very much this year.”
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