What doesn't kill makes you stronger... So I hear. - Making investment mistakes happens to everyone, even Ripple's CTO. Ripple confessed to losing over $300,000 by investing it in other shitcoins.
300,000 dollars bet on the wrong horse
Ripple's CTO, David Schwartz, is transparent about his investments and especially his losses.
Schwartz admitted in mid-October that he missed out on big gains after selling off 40,000 ETH for $1 each, even though the network had just been launched.
But his losses don't stop with the discount sales he made a few years ago. He also made losses by trading altcoins.
The latter testified to his losses through the Quora forum, where Internet users can ask questions so that other readers won't try to answer them.
"Here are just a few of the crypto-currencies that I bought and finally had to sell when their value was close to zero: TIX, DICE, FLASH, VEZT, AMP, SIG, BEE, KIND, PRYZE, KUDOS, NRN. »
David Schwartz, however, says his losses are "not as big" as his gains. Logic for the CTO of the fourth crypto in terms of market capitalization.
In any case, it allows us to put our personal losses into perspective. If the CTO of one of the major cryptos has even been fooled by the marketing of rather dubious projects, let's hope that his case can serve as an example so that others avoid falling into the same crude trap!
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