Ripple, how I earned money on the bet I lost

By Vale1 | Varto | 21 Mar 2021

One month ago I have made a bet. I bet 50 $ that XRP price would go up after Ripple's pre-trial with SEC on February 22nd.

I thought let's make it very simple! I 'll buy 50 $ worth XRP, if the price goes up I win, if the price goes down I lose. Literally! And that's what I did.
In the end XRP price went 17% down so I did lose my bet, but as you know from my previous posts I had a plan B, when price goes down things get very cheap! I had 100$ ready to invest in very cheap XRP.

Today after one month XRP is up again and here is what I have earned form my lost bet:

21st of February, I bought 50 $ worth XRP at the price of 0.54 $/XRP

23rd of February, I bought 100$ worth XRP at the price of 0.45 $/XRP my balance was 142 $

21st of March, XRP price is back to 0.52 $/XRP my balance is now 165$

165 -150=15 I have earned 15 dollars on a lost bet!

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Vale1

Cryptocurrency enthusiast, I am always in the mood to learn more about it

Varto

'One cheese burger please.' 'Anything else?' 'No I am good thanks.' 'that's 1000$ please.' Can inflation be that bad? It has already been that bad for many fiat currencies in the past, in any case inflation for fiat currencies is inevitable. 2010: 'one Bitcoin please.' 'I'll give you 1000 BTC for 1$ take it or leave it' 'hmm, maybe I'll wait until the price drops a little'