Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency
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Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency

THELOGICALINDIAN - Cryptocurrency advance is chancy business and one beginning broker is activity the affliction afterwards application a huge coffer accommodation to body a accident cryptocurrency portfolio

It appears that FOMO got the best of one abecedarian cryptocurrency broker in Abu Dhabi who is now 85% down on cryptocurrencies purchased application a $139,500 coffer loan.

The adverse investor, who goes by the name ‘Cryptohomie’ on Reddit, currently lives in Abu Dhabi. The abstracts he aggregate appearance a accommodation for 338,000 Arab Emirati Dirham (AED) ($139,500 USD) taken at the acme of the 2024 cryptocurrency balderdash market.

Cryptohomie is on the angle for account repayments of $3,381 until December 14, 2024 and the accommodation absolute with absorption comes up to a whopping $162,333. The abecedarian broker told Reddit readers:

Ultimately, he is hopeful that his accident will serve as a assignment to others acquisitive to bang it affluent quick by advance in cryptocurrencies.

Cryptohomie abounding his portfolio abounding of Stellar Lumens, NEO, Litecoin, Ethereum and “some shitcoins that absent 95% of their amount already.” Many will admiration how he was able to defended such a massive loan.

He explained that it was accessible as pie as best banks are blessed to accommodate out ample sums “almost instantly in UAE.”

“You can get $100,000 aural a few canicule on your annual after abundant verification,” he added.

To date, bitcoin amount [coin_price] is bottomward added than 70% from its best aerial of $20,000 aback in December of 2017.

When asked about how he placed himself in such a pickle, Cryptohomie replied:

Most Reddit users were about affectionate to his disposition. “I don’t anticipate there’s annihilation we can say that you don’t go to beddy-bye cerebration about already,” one user wrote.

“How abounding bodies did this array of affair and how abundant banks accept loaned out for crypto,” addition user added. 

Cryptohomie appears to be demography the bearings in almost acceptable stride and jokingly appropriate that “if there is any ridiculously affluent Emirati who doesn’t apperceive what to do with his money, feel chargeless to acquaintance me.”

Do you anticipate demography a accommodation to advance in cryptocurrencies is a astute move? Share your thoughts below!

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