(S9) - Weekend PT 5 - Bad Investments

[OBESE]

Declan is a young person that has quite a good amount of money and he has always been thinking about how to maximise his earnings and trying to think about the plan B that would start after his career as American Football is a sport where an injury can come any day and if that will affect the personal game performance then you have to be set. So following the idea of investing into his future he started to show interest in cryptocurrency. A lot of his friends back home in London were buying bitcoins and Declan decided that he should invest some amount of his money into it as well. At that moment a lot of new cryptocurrencies where showing up and reviews for some were quite good for the future, besides as a new currencies their value per coin was cheap, literally few cents per coin. One of the currencies that Declan got interested was called Ripple ka XRP as it's been around for a little bit and what felt like a safe bet was the fact that while most of the cryptocurrencies were not backed up by nothing, then Ripple had banks behind it. So Declan decided to buy quite a good sum of the coins as it was predicted the coin to rise and it did, but it never quite reached the set price and after that started to fall down. Now you could call this investment to be a bust as the value of the currency had dropped 3 times of what price Declan bought them for. The only thing how to get out of it without lost is to keep waiting and hoping that with time the price will go up and grow!