“3.9 billion was blown”… Economic reporter forcibly liquidated by the Bitcoin crash

“3.9 billion was blown”… Economic reporter forcibly liquidated by the Bitcoin crash

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On the 24th, the market price of cryptocurrency (virtual currency) including bitcoin is displayed in the Bithumb Gangnam Center Lounge in Gangnam-gu, Seoul. Cryptocurrency is plunging as Chinese authorities restate their cryptocurrency regulation policy and the US government must report cryptocurrency transactions over $10,000 to taxation authorities.

Goran, who is a former reporter from the JoongAng Ilbo Ministry of Economy, operates a YouTube channel specializing in bitcoin’Algoran’ (Economic News Goran TV, which is easy to understand), is known to have liquidated 3.9 billion won in the recent bitcoin crash.

On the 19th, Mr. Ko, who was envious of providing information to cryptocurrency investors based on his knowledge of the economy as a whole, posted a long article in the’Algoran’ community saying, “I was liquidated.”

“I’m using a loan platform, but I didn’t think the price of Bitcoin and Ethereum would drop by more than 30%,” said Ko. “I thought I had a 20% margin, but I was liquidated.”

He gave tips on broadcasts and the like, saying, “Bitcoin is an asset with high volatility, so it is recommended to invest in accumulators.” However, after seeing the recent drop in bitcoin price, he lost the profits collected for three years due to leveraged investment.

Reporter Goran, a former JoongAng Ilbo reporter from the Ministry of Economy and currently known as a Bitcoin expert, announced on the 19th that he was liquidated by the YouTube channel’Algoran’ community due to the collapse of bitcoin. © News1

Mr. Ko wrote, “We decided to take action to avoid being liquidated, but as the transaction almost stopped (the BSC chain was paralyzed), we failed to respond.”

In the end, he said, “In the end, my assets returned to the edge of the point when bitcoin broke through $20,000 in November of last year,” he said. “Comparing to the ATH assets recorded about 10 days ago, exactly one eighth was shredded.”

He said, “I think there will be a lot of people who have entered the market after hearing what I am saying with confidence,” he said, saying, “I’m very resentful, but I’m also having a hard time with it.”

He said, “If you ask what will happen in the future, I don’t really know,” he said. “I plunged, but I can’t figure out why, so it’s difficult to respond.”

He also said, “Since most of the positions have already been settled due to liquidation, I personally plan to work with the mind to invest again.”

Reporter Goran, a former JoongAng Ilbo reporter from the Ministry of Economy and currently known as a Bitcoin expert, announced on the 19th that he was liquidated by the YouTube channel’Algoran’ community due to the collapse of bitcoin. © News1

He said, “Even though we advocated easy-to-understand economic news, we kept briefing mainly on coin news due to the recent overheating of the coin market.” It was difficult to catch mentality after being liquidated as it happened,” he expressed his feelings.

In response, one netizen said, “Goran-nim is not having a difficult downside market, but it is difficult because the coins that have been accumulated through unreasonable mortgage loans have been liquidated in an instant,” and said, “It will be a feeling that the sky has collapsed. My heart hurts,” he comforted.

Then, Mr. Ko said, “I know my heart accurately. I collected a dime by accumulating money…” and said, “I was greedy from the beginning of this year, and then I started flying what I collected for three years. If I had not used the loan platform, the (flying) coin would have been in my hand. I would say.

On the 20th, Ko admitted the mistake and made a broadcast explaining the reason for the failure, but after that, the video was converted to private. Netizens are leaving comments of support and consolation in his community.

Mr. Ko posted an additional post saying, “Thank you for giving me comforting words,” and “I still haven’t been able to manage my mentality.”

Meanwhile, Bitcoin is recording $35,229, down 4.51% from 24 hours on CoinMarketCap, a global cryptocurrency market relay site, as of 2 pm on the 24th.