- He lost a total of $105,000 on exchange rate differences.
- But the blogger himself does not consider his investment a mistake
- According to him, XRP will still restore its positions and break through the “ceiling”
At the end of February 2022, a TikTok user with the nickname “money_talk_tok” posted a video about how he mortgaged his house. The money he received, namely $500,000, he invested in XRP. Since then, his investment has “sunk” by 30%.
The blogger explained his investment by the situation on the market. At that time, he was in a zone of “extreme fear.” At the same time, the XRP rate allegedly reached the “bottom” and the user saw certain prerequisites for a subsequent recovery.
At that time, XRP was trading at $0.69. In March, the rate rose to $0.83, but then collapsed to $0.32-0.34 in early June. After that, the asset could not return positions. It is currently trading at $0.48.
The total loss of the blogger from asset depreciation amounted to $105,000. His portfolio “dipped” by 30% (59% from the low of $0.31). This is clearly seen here (the arrow marks the moment the investor enters):
“You have to be greedy when others are afraid” – blogger slogan.
Interestingly, the user never realized his portfolio. However, he does not consider his investment unprofitable. According to the user, “1 XRP is still equal to 1 XRP”, so there is no loss.
Interestingly, not everyone believes the words “money_talk_tok”. Some consider his statement to be a simple attempt to “break the hype”, since he did not provide no evidence of a mortgage on the house.
We previously reported that the SEC case against Ripple was nearing completion. The CEO of the company is confident that the decision will be made in the coming weeks. If the court takes the side of Ripple, the unfortunate investor can earn on his investment.