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David Swartz, CTO of Ripple, has made important statements about some of the altcoins he has invested in. When Swartz saw the bottom of these altcoins he bought in advance, he lost $ 300,000.
David Schwartz, Ripple’s chief technology officer, announced he had lost $ 300k after investing in some alternative cryptocurrencies. “Have you lost your investments in Bitcoin and other cryptocurrencies?” About Schwartz Quora. He answered his question and admitted making investments that didn’t go well.
Altcoins that lost Ripple CTO to Schwartz
David Schwartz, one of the CEOs of XRP, the fourth most valuable crypto coin by market value, also explained some of the projects that lost $ 300,000 in total.
- Blocktix (TIX)
- BetDice (DICE)
- Flash (FLASH)
- Amp (AMP)
- Signal Token (SIG)
- Bee Coin (BEE)
- Kind Ads Token (KIND)
- Kudos (KUDOS)
- Pryze (PRYZ)
- Lead (VZT)
Most of these cryptocurrencies performed quite well in 2017-2018, but now almost all of them have hit rock bottom. According to data from CoinGecko, TIX is trading at $ 0.001, while DICE is trading at $ 0.0002. FLASH and AMP are bought and sold for $ 0.003. Among these altcoins, Kudos, Pryze and Vezt are not even included in CoinGecko; this confirms that they have been at zero for a long time.
David Schwartz’s Story of Bad Decisions
For Ripple CTO, this isn’t the first time for bad altcoin investments. Schwartz has already made statements about bad investment decisions. David Schwartz admitted on Twitter last October that he took action early, selling 40,000 ETH for $ 1 each in 2012. The current value of 40,000 ETH is around $ 18.5 million and in another tweet, Schwartz said he had sold quite a lot of Bitcoin for $ 750 and a lot of XRP for $ 0.10.
