- He lost a total of $105,000 on price movements
- but the blogger does not view his investment as a mistake
- He says XRP will recover and break its “ceiling”
In late February 2022, TikTok user “money_talk_tok” posted a video of himself mortgaging his home.
He invested the $500,000 he received in XRP. Since then, his investments have “sagged” by 30%.
The blogger explained his investment by the market situation. At that time he was in an “extreme fear” zone.
The XRP price had allegedly “bottomed out” and the user saw some signs of a subsequent recovery.
At the time, XRP was trading at $0.69. The exchange rate rose to $0.83 in March, but then collapsed to $0.32-0.34 in early June.
After that, the asset was never able to regain its position. It is now trading at $0.48.
The blogger’s total loss from asset depreciation was $105,000. His portfolio is down 30% (59% from a low of $0.31). This can be clearly seen here (arrow marks investor entry point):
“One must be greedy when others are afraid” – blogger’s slogan.
Interestingly, the user never implemented his portfolio. However, he does not consider his investment to be a loss. According to the user, “1 XRP equals 1 XRP anyway,” so there is no loss.
It is interesting that not everyone believes what “money_talk_tok” says. Some consider his statement a mere attempt to “rip off a HYIP,” as he has not provided any evidence of a home mortgage.
We previously reported that the SEC case against Ripple is nearing completion. The CEO of the company is confident a ruling will be issued in the coming weeks.
If the court sides with Ripple, the distressed investor may also make a profit on their investment.