Taiwan’s well-known YouTuber “Joeman” mentioned in his latest video yesterday that if you want to make money quickly, Japanese real estate is not a good target. Instead, Bitcoin might be a better choice. However, he also warned that Bitcoin can lose value quickly.
Joeman, who has over 2.57 million subscribers in Taiwan, recently sparked discussions by purchasing a Japanese townhouse. Many social media users have been discussing whether he made the right purchase and if the investment return is good.
In this context, Joeman released a new video yesterday titled “Losing 1.5 million? Analysis of the ownership cost of Japanese real estate! Can you get a loan and how to buy?” In the video, he explains in detail the details that Taiwanese people should pay attention to when buying property in Japan, and openly states that the annual return rate is approximately 4-5%.
The conversation then shifts, and the video also mentions that Bitcoin might be another option if you want to make money quickly. However, he also reminds viewers that although profits can be made quickly, losses can occur just as fast.
Joeman: Hasn’t sold any cryptocurrency, may add more
However, despite entering at a higher price point, Joeman’s unrealized losses have significantly reduced as the price of Bitcoin broke $50,000. When a viewer asked, “Bitcoin has risen a lot in 2024, do you still have the BTC in hand?” Joeman revealed last week that he hasn’t sold any of his cryptocurrency.
Previously earned a Bitcoin through mining
Do you remember during the bull market in 2021 when Joeman released the “Taiwan Mining Documentary”? He disclosed that he invested about $3 million to purchase mining machines and earned at least one Bitcoin through mining (which was worth over $60,000 at the time, equivalent to NT$1.68 million). However, he also instantly lost $5,000, experiencing the high volatility of cryptocurrencies.
Further reading:
Making a profit of 10% per month and recouping the investment in 8 months? Joeman delves into Taiwan’s 5 multimillion-dollar mining facilities and reveals the true thoughts of miners.
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