cryptocurrency

Kain Roomes has lost a lot of its cipher

Kain Roomes is a 29-year-old crypto trader who has watched His fortune collapses In recent weeks after one of the most horrific cryptocurrency crashes in history.

How many rooms have you lost?

The cryptocurrency scene has been an ugliness and bust lately. The cryptocurrency arena has lost over $2 trillion in overall valuation, and it looks like it may take some time for things to recover. For example, the world’s number one digital currency by market capitalization (Bitcoin) has lost more than 70 percent of its value since last November, when it was trading at a new all-time high of around $68,000 per unit. Now, the asset is struggling to maintain $20,000.

Roomz first started getting involved in cryptocurrency in early 2018. Encouraged by his father to look into the space, he immediately found himself fully involved. At the time, Roomes was working as a part-time model. He was late on his mortgage and had large debts to his name that he couldn’t escape.

As a way to fund his first investment in cryptocurrency, he sold an $8,000 Rolex that he got for his 22nd birthday. He bought a wide range of cryptocurrencies, and soon found himself holding a stockpile of over $100,000. He kept investing, and at the peak of cryptocurrency 2021, his balance reached a whopping $3.3 million valuation.

He used this money to get rid of the financial stress he was experiencing. He has also taken part in lavish vacations to places such as the Maldives, Jamaica and Dubai. However, he says his net worth has more than halved since the crypto crash began to seriously affect a few weeks ago, and he is now worth just $1.2 million at the time of writing.

He says things will recover

In an interview, he commented that he is confident in the decisions he makes and believes that the cryptocurrency will make a comeback in the coming months:

With the help of my father, I did my research and made sure that I invested in a good coin. This led me to place 50,000 out of 100,000 in an initial coin offering (ICO) and reinvest the profits into Zilliqa, a thriving digital currency. It was nerve wracking which made such a big gamble, but I was able to expand my portfolio twenty fold from a single investment. I struggled a lot after the crash, but I have complete confidence in coding. I’ve experienced highs and lows while trading, and there were times when I thought I wasn’t going to recover. At some point, I opened my trading account and 90 percent of my portfolio was gone. My dad was always there for me when I was going through hard times.

Tags: bitcoin, cryptocurrency crash, ken rooms

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