{"id":31583,"date":"2020-11-11T11:29:11","date_gmt":"2020-11-11T09:29:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31583"},"modified":"2025-08-28T04:24:50","modified_gmt":"2025-08-28T01:24:50","slug":"ripple-cto-david-schwartz-loses-300000-on-obscure-altcoins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ripple-cto-david-schwartz-loses-300000-on-obscure-altcoins\/","title":{"rendered":"Ripple CTO David Schwartz loses $300,000 on obscure altcoins"},"content":{"rendered":"<p>Ripple&#8217;s CTO David Schwartz <a href=\"https:\/\/www.quora.com\/Have-you-lost-money-trading-in-bitcoin-and-any-other-cryptocurrencies\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">said<\/a> he had failed investments in obscure altcoins. According to him, losses exceeded $300,000.<\/p>\n<p><!--more--><\/p>\n<p>Schwartz left his comment on the Quora page under the question: \u201cHave you lost money trading Bitcoin or any other cryptocurrencies?\u201d<\/p>\n<p>The Ripple CTO admitted that he bought many cryptocurrencies, investments in which turned out to be disastrous for him.<\/p>\n<p>According to him, the tokens Blocktix (TIX), DICE, Flash (FLASH), Vezt (VEZT), Amp (AMP), Signal Token (SIG), Bee (BEE), Kind Ads Token (KIND), Pryze (PRYZ), KudosCoin (KUDOS) and Neuron (NRN) proved useless.<\/p>\n<p>Earlier in October, Schwartz <a href=\"https:\/\/forklog.com\/en\/news\/ripple-cto-david-schwartz-sold-ethereum-and-bitcoin-for-mere-pennies\">told<\/a> that he sold 40,000 ETH at $1, substantial sums in Bitcoin at $750 and Ripple (XRP) at $0.10.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ripple CTO David Schwartz discussed failed investments in obscure altcoins. He said the losses exceeded $300,000.<\/p>\n","protected":false},"author":1,"featured_media":31584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,1376,112],"class_list":["post-31583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-david-schwartz","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"64","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=31583"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31583\/revisions"}],"predecessor-version":[{"id":31585,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31583\/revisions\/31585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/31584"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=31583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=31583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=31583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}