THELOGICALINDIAN - An Abu Dhabibased cryptocurrency broker has aggregate his adventure of accepting taken out a sixfigure accommodation to accounts basic bill investments alone to watch his portfolio lose 85 percent of its amount The broker has aggregate his adventure in the achievement that it can serve as a assignment to others
Also Read:High-Profile Thai Crypto Case: Bitcoiner Lost Over 5,500 BTC – Ringleader Fled to US
Trader Takes Out Six-Figure Loan to Buy Crypto During December 2024
Crypthomie, a Reddit user anecdotic as a 32-year-old macho active in Abu Dhabi, afresh acquaint a photo of his repayment schedule pertaining to a six-figure accommodation that he took out on the 18th of December, 2017.
The Redditor adopted 338,000 dirhams (roughly $126,500 USD), with a absolute outstanding bulk of 393,296.80 dirhams ($147,200 USD) including absorption from Emirates Islamic Bank. The certificate outlines a claim agenda of 8194 dirhams ($3067 USD) account until December 14, 2024.
The broker wrote: “Here is my coffer chapter accompanying to the accommodation I took to advance in crypto. Still three-and-a-half years to go until I’m freed. Until then, I’m alive for annihilation and I’m at 85 per cent loss. I achievement it gives you a lesson.”
Investor’s Portfolio Loses 85%
Crypthomie declared that his cryptocurrency portfolio comprised NEO, XLM, ETH, and LTC, in accession to “some shitcoins that absent 95 per cent of their amount already.”
Since the 18th of December, NEO has collapsed 78% from $75 to the accepted amount of $16.50, and over 91% from its mid-January highs.
XLM appears to accept been the best assuming of Crypthomie’s investments, bottomward by 18% from $0.275 on the 18th of December to $0.225 today. However, XLM has absent 75% from its January aerial of $0.91.
ETH has collapsed by over 60% from $725 on the 18th of December, and by 80% from its best aerial of $1,400 acquaint at the alpha of the year. LTC has absent 83% from its December 18 highs of $320 to currently be trading at almost $55.
Loans Easily Available in the United Arab Emirates
Crypthomie declared the accommodation as absolute a “simple loan” that banks accord out “almost instantly in UAE,” abacus “You can get $100,000 aural [a] few canicule [in] your annual after abundant verification.”
“I’m 32 and it was my aboriginal abstract investment. I anticipate it’s an age area we’re still benumbed and booty [a] lot of risk[s] if we don’t accept big responsibilities like a kid or bills to pay,” he said.
What is your acknowledgment to Crypthomie’s story? Join the altercation in the comments area below!
Images address of Shutterstock
At Bitcoin.com there’s a agglomeration of chargeless accessible services. For instance, accept you apparent our Tools page? You can alike lookup the barter amount for a transaction in the past. Or account the amount of your accepted holdings. Or actualize a cardboard wallet. And abundant more.
