So this is long and it probably won't be of interest to many of you but this has been my own personal form of entertainment and frustrations over the past few days.
One of my side hobbies is observing the stock market. About half the apps on my phone are stock market related and I'm especially interested in day trading. So as soon as I saw all these articles about Big Hit's stocks I new there would be a controversy blowing up soon because a) stocks are extremely volatile and b) K-pop fans really don't like using their brains when it comes to their faves.
For anyone who is not familiar with what is going on, basically Big Hit has been media playing for a while about their stock market and news about BTS becoming millionaires because of their stocks in the company have been releasing left and right. Of course, this news prompted a lot of ARMYs to buy stocks in the company because they trusted that the stocks would continue to rise because BTS is BTS. However, days after everyone started buying stocks, the stock market crashed and everyone lost their money.
So for me (someone who loves watching stock market trends), this was expected. One thing everyone needs to know is that as soon as a huge number of people start buying into a certain stock market, that stock market will crash. This is a VERY common trend and it happens more often than it does not. If these people had any idea what they were doing or if they had done even a little bit of research, they would not have spent all of their money on the stocks now. But these people knew NOTHING about stocks and just assumed that they would become as rich as BTS by buying these stocks and now they're foolishly asking for refunds... which is not ever going to happen. Once you invest in a stock, think of the money as no longer belonging to you.
The other issue here is how expensive BH's stocks are listed for. It was originally listed for around 260k (as far as I am aware) despite only having one product. The fact that their product includes people makes this even more ridiculous because anything the boys do will impact those prices. Especially in a market like South Korea where everything is a scandal. So their stocks are extremely volatile but they were listed for about 260k which means that the investors are losing A LOT of money here. These people literally gambled their whole life savings away because they thought they were in some sort of get rich quick scheme but that's not how stocks work at all.
Back to BTS being Big Hit's only profitable product at the moment: BH's entire stock trend depends on BTS as of yet. Once the boys are more inactive, once their popularity drops down and/or once they start enlisting, their stock market is going to crash. Before that there will be multiple instances where it will rise and fall, and it might once again rise to VERY high levels, but eventually it will crash once the boys are no longer active. People really need to think long term when investing in an entertainment company. If they had multiple big acts like the other Big 3, then even if one of their popular group takes a hit, they can recover their stocks by promoting or bringing attention to another popular group. But BH is literally living off of BTS right now so unless they start thinking about the future rather than the present, they're going to eventually crash even harder than they have now.
Basically what I'm trying to get at here is, please do some research before you jump into the stock market if you are interested in investing. Honestly, investing can be very profitable but it's more of a long term thing. You're not going to get rich over night and even if you do, the chances of you losing all that money by the next day is very high. So the best thing to do when investing is invest it and leave it without looking at it again because its value will continue to rise and drop. Money from investments is more of a side money source that will accumulate over the years rather than in a few days.
Also, unless you're a billionaire and have a lot of money to blow off, don't buy stocks in companies with huge listings. If the company burns to the ground, you're just going to lose a lot of money. Refunds do not exist in the stock world. So if your money is gone, it's gone forever. So be smart about it. You didn't save all that money just to lose it overnight. I feel so frustrated even thinking about it and I'm not even in the same situation.
Anywho, what are your thoughts on this (if you have any) @ARMY
One of my side hobbies is observing the stock market. About half the apps on my phone are stock market related and I'm especially interested in day trading. So as soon as I saw all these articles about Big Hit's stocks I new there would be a controversy blowing up soon because a) stocks are extremely volatile and b) K-pop fans really don't like using their brains when it comes to their faves.
For anyone who is not familiar with what is going on, basically Big Hit has been media playing for a while about their stock market and news about BTS becoming millionaires because of their stocks in the company have been releasing left and right. Of course, this news prompted a lot of ARMYs to buy stocks in the company because they trusted that the stocks would continue to rise because BTS is BTS. However, days after everyone started buying stocks, the stock market crashed and everyone lost their money.
So for me (someone who loves watching stock market trends), this was expected. One thing everyone needs to know is that as soon as a huge number of people start buying into a certain stock market, that stock market will crash. This is a VERY common trend and it happens more often than it does not. If these people had any idea what they were doing or if they had done even a little bit of research, they would not have spent all of their money on the stocks now. But these people knew NOTHING about stocks and just assumed that they would become as rich as BTS by buying these stocks and now they're foolishly asking for refunds... which is not ever going to happen. Once you invest in a stock, think of the money as no longer belonging to you.
The other issue here is how expensive BH's stocks are listed for. It was originally listed for around 260k (as far as I am aware) despite only having one product. The fact that their product includes people makes this even more ridiculous because anything the boys do will impact those prices. Especially in a market like South Korea where everything is a scandal. So their stocks are extremely volatile but they were listed for about 260k which means that the investors are losing A LOT of money here. These people literally gambled their whole life savings away because they thought they were in some sort of get rich quick scheme but that's not how stocks work at all.
Back to BTS being Big Hit's only profitable product at the moment: BH's entire stock trend depends on BTS as of yet. Once the boys are more inactive, once their popularity drops down and/or once they start enlisting, their stock market is going to crash. Before that there will be multiple instances where it will rise and fall, and it might once again rise to VERY high levels, but eventually it will crash once the boys are no longer active. People really need to think long term when investing in an entertainment company. If they had multiple big acts like the other Big 3, then even if one of their popular group takes a hit, they can recover their stocks by promoting or bringing attention to another popular group. But BH is literally living off of BTS right now so unless they start thinking about the future rather than the present, they're going to eventually crash even harder than they have now.
Basically what I'm trying to get at here is, please do some research before you jump into the stock market if you are interested in investing. Honestly, investing can be very profitable but it's more of a long term thing. You're not going to get rich over night and even if you do, the chances of you losing all that money by the next day is very high. So the best thing to do when investing is invest it and leave it without looking at it again because its value will continue to rise and drop. Money from investments is more of a side money source that will accumulate over the years rather than in a few days.
Also, unless you're a billionaire and have a lot of money to blow off, don't buy stocks in companies with huge listings. If the company burns to the ground, you're just going to lose a lot of money. Refunds do not exist in the stock world. So if your money is gone, it's gone forever. So be smart about it. You didn't save all that money just to lose it overnight. I feel so frustrated even thinking about it and I'm not even in the same situation.
Anywho, what are your thoughts on this (if you have any) @ARMY