Ripple, will it go up or down after the trial on Monday February 22nd?

By Vale1 | Varto | 21 Feb 2021


Tomorrow XRP price is likely to change drastically, will it go up? will it go down? We don't know. It all depends on the outcome of the hearing. It's really hard to predict how the preliminary meeting will go, but here is what I will do: I am going to make a bet and earn money even if I lose my bet!


Please don't take this as a finincial advice, Iet's just have some fun together following this case, I will let you know in the next updates what happened to my money.


Here is what I will do. I will bet 50$ that the hearing goes well, so I will just buy 50$ worth XRP. If the hearing goes well, yay! XRP price goes up, I win my bet and earn money. If the hearing goes bad, I am expecting a first dip caused by informed investors, I will invest 100$ in XRP and wait. After a dip the price goes back up, in a short time I will recover my losses and even earn on it.
As it happened in December, there might be a second dip caused by uninformed investors, they will just hear that XRP has dropped in value, they will be scared to lose more money so they will sell. At this point I can just buy more XRP at a very convenient price! I will invest 200$, this will make me earn even more when the price goes back up.

Let's just have some fun and see what happens!

How do you rate this article?

6


Vale1
Vale1

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


Varto
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'

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.