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> Mr. Kim, who is 27 and lives with his parents, once made so much money trading cryptocurrencies that he was spending $1,000 a month on whatever he wanted. He
by godshatter 8y ago
> Mr. Kim, who is 27 and lives with his parents, once made so much money trading cryptocurrencies that he was spending $1,000 a month on whatever he wanted. He quit his job. He borrowed to buy more. He planned to buy a house.
Cryptocurrency markets are so volatile that I would just stash that $1,000 a month away somewhere rather than trying to double down. I'd consider every penny I earned to be a win and hope it continued for a while. I'd expect it to end in tears if I didn't. I guess I'm just more risk-averse.
- megy 8y ago> once made so much money trading cryptocurrencies that he was spending $1,000 a month on whatever he wanted. That doesn't even sound like much at all. Surely he would have more than that if he worked a job.
- adventured 8y agoThe median income in South Korea is typically around $1,250 to $1,500 per month. To be entirely free to burn $1,000 per month in that style, you would want an income at least four times higher than that median. That's a considerable salary in South Korea. At $1,500 you're going to roughly be at break-even on living costs.
- macspoofing 8y agoYeah. If your food and rent is covered by your parents, any job will give you the ability to spend $1000 on whatever you want.