{"id":35527,"date":"2021-01-28T16:54:59","date_gmt":"2021-01-28T14:54:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35527"},"modified":"2025-08-29T01:43:46","modified_gmt":"2025-08-28T22:43:46","slug":"kazakh-resident-turns-failed-ico-into-sevenfold-litecoin-gains-assets-reach-8200","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kazakh-resident-turns-failed-ico-into-sevenfold-litecoin-gains-assets-reach-8200\/","title":{"rendered":"Kazakh resident turns failed ICO into sevenfold Litecoin gains, assets reach $8,200"},"content":{"rendered":"

An investor from Kazakhstan lost funds in a crowd sale, but managed to sevenfold his Litecoin holdings. Local media reported<\/a> this.<\/p>\n

As told by a source from the publication, he works in the industrial sector and has always been interested in investing. In 2016 he participated in the presale of a local project, investing more than 1 million tenge (over $2,300 at the current rate).<\/p>\n

\n

“At the time I didn’t take this seriously and didn’t delve into it deeply. In this case, it was more of a gamble,” the investor explained.<\/p>\n<\/blockquote>\n

However, the project\u2019s founders carried out an exit scam; their coin never made it to the market.<\/p>\n

\n

“I simply could not withdraw the money, and I still can’t. In other words, I became a victim of a financial pyramid,” he said.<\/p>\n<\/blockquote>\n

Around 2018 the Kazakh bought Litecoin for about 500,000 tenge (more than $1,100) and began trading. And at one point his assets grew to 3.5 million tenge (over $8,200):<\/p>\n

\n

“I tried various manipulations and tricks. I didn’t end up in the red, but I stayed where I was.”<\/p>\n<\/blockquote>\n

The investor continues to trade on exchanges and expects further Bitcoin gains in 2021, as national currencies depreciate amid government measures to cushion the pandemic’s impact.<\/p>\n

Earlier ForkLog reported how a Russian bought Bitcoin and Cosmos on money saved from school lunches<\/a>. At its peak, the value of his assets stood at 37 million rubles.<\/p>\n

Subscribe to ForkLog\u2019s Telegram news: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

An investor from Kazakhstan lost funds in a crowd sale, but managed to sevenfold his Litecoin holdings. Local media reported this.<\/p>\n","protected":false},"author":1,"featured_media":35528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,153,209],"class_list":["post-35527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-kazakhstan","tag-litecoin"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35527"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35527\/revisions"}],"predecessor-version":[{"id":35529,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35527\/revisions\/35529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35528"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}