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A resident of Kazakhstan after an unsuccessful ICO managed to increase his assets in Litecoin to $ 8200


An investor from Kazakhstan lost funds in the crowdsale, but was able to sevenfold increase his investment in Litecoin. This was reported by local media.

As the interlocutor of the publication said, he works in the industrial field and has always been interested in the topic of investment. In 2016, he took part in the presale of a local project, investing more than 1 million tenge (over $ 2300 – hereinafter at the current exchange rate).

“At that time, I did not take it seriously and did not go deep into it. In this case, rather, he played the game, ”explained the investor.

However, the founders of the project made an exit scam, and their coin never entered the market.

“I simply could not withdraw this money, and I still cannot. In other words, I became a victim of a pyramid scheme, ”he said.

Around 2018, a Kazakhstani purchased Litecoin for about 500,000 tenge (more than $ 1,100) and started trading. And at one point, his assets grew to 3.5 million tenge (over $ 8200):

“I’ve tried various shenanigans and manipulations. I didn’t go into a minus, but I didn’t. ”

The investor continues to trade on the exchange and expects further growth in bitcoin in 2021 amid devaluation of national currencies due to government measures to mitigate the effects of the pandemic.

Earlier, ForkLog told how a Russian bought bitcoin and Cosmos with money saved from school lunches. The value of his assets at the peak was 37 million rubles.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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