Drip: Is Now a Good Time Or a Terrible Time to Get Started?
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It’s no secret that the price of the DRIP token has slumped. Massively. In fact, that’s an understatement. It has bombed, let’s be honest, from its All-Time-High of nearly $200 in January to $10 today, that’s a drop of 95% and it’s no wonder people are panicking and predicting it will go to zero soon (it won’t).
But it’s not the first time this has happened. It’s not even the second time it’s happened. This is the third time! And each time previously it has recovered and reached a new ATH so what makes you think history won’t repeat itself soon? I mean if you consider anything else with such a clear pattern of behavior you’d be labeled a fool for not thinking that the pattern would continue to repeat, surely? So what is different about Drip? I’ll answer that — nothing except, well, plenty!
New Utility and Innovation Coming Soon
There has been a lot of talk and speculation about what the developers will do next for Drip. Unfortunately, their attention has been on other Drip-related projects over the last few months and while I do firmly believe that Mr Forex_Shark and co. have the best intentions for Drip and its future development I know that there have been multiple delays in the progress due to this shift of focus to the Animal Farm.
Well, it looks like the Animal Farm work is nearing completion. We’re anticipating some significant updates by mid-June and the Pigs Pen and Piggy Bank are already printing money and I’m making some great returns from both of those already. So I trust that soon the developers’ focus will be well and truly back on Drip.
The price of DRIP has been bobbing around $10 for the past few days. It may have found its bottom, it may not have done, but one thing is certain — thanks to the Reservoir (the huge liquidity pool that directly supports the price of DRIP) the price is highly unlikely to sink much further.
The Key Thing to Remember In All This
Price is not everything. Many people forget this. They see the “value” of their investment reducing when in fact it’s not. Price is really only relevant to current investors when they sell. Or I suppose you could argue it’s important at the point of purchase as of course it dictates how many DRIP tokens you can acquire. I’d argue that your investment value is determined by the price at the point at which you sell it.
1% Compoundable Daily Interest is Incredibly Powerful
Many people lose sight of this, unfortunately. So let’s look at an example. Let’s say you buy $500 of DRIP today and deposit them into the Faucet, you’d have about 50 DRIP tokens in your Faucet deposit.
This means that every 2 days you would receive 1 DRIP in interest.
This means that after about 70 days you would have doubled your DRIP holding if you reinvest your interest each day. You’d now have 100 DRIP and be earning 1 DRIP a day in interest.
Continue reinvesting (hydrating) the interest daily and…
- 70 days later you’d have 200 DRIP
- 41 days later you’d have 300 DRIP
- 29 days later you’d have 400 DRIP
- and so on!
Note: Drip Network taxes excluded for simplicity
So, you can see how quickly your holding can grow. By the end of this year you’d have over 400 DRIP producing 4 DRIP daily in interest! Now that might not seem particularly impressive but imagine if the price of DRIP remained at $10 or heck, let’s be pessimistic and imagine it drops to $5 (highly unlikely) your daily interest would be worth $20. That’s over $600 a month, from an initial $500 investment! Yes indeed!
And if the price of DRIP remained at $10, that’s over $1200 a month from your initial $500 investment.
And… if the price went UP, let’s be mildly optimistic and imagine it went up to $20 — that’s over $2400 a month from your initial $500 investment.
But you wouldn’t want to withdraw all of that each month — you’d want to continue re-investing some of it so that your deposited amount increases.
Example: if you reinvested half your monthly interest you could grow your deposited amount to over 2,400 DRIP by the end of 2023. It would be earning 24 DRIP a day in interest!
Reinvest half of that each month and withdraw the rest and based on DRIP staying at $10 you’re looking at $3,600 a month into your bank account and your deposit growing to over 14,000 DRIP producing 140 DRIP a day in interest! I’m not kidding! 😲
Now look… I’ve simplified the numbers a little and nobody knows what will happen to the price of DRIP. Naysayers will tell you it will be at zero soon and you’d be an idiot to invest in this project at this point. Enthusiasts like me will say it’s a risk but one that is certainly worth considering. It’s not reckless to invest in Drip now. The price is in your favor and history most likely will repeat itself and we’ll see a new ATH later this year or early 2023.
Millionaires are made in bear markets because they buy while the prices are low. Now is your golden opportunity to acquire a lot more Drip for your money than you could have done 6 months ago. I honestly believe that anyone who buys now will not regret it.
Summary
To answer the question posed by the title of this article, it’s my opinion that now is a tremendous time to get into Drip Network! If you’d like to discuss any aspect of this article or Drip Network with me you can reach out to me on Telegram and I’m pleased to say that many people do and I love to hear from them and answer their questions and address their concerns about Drip!
If I’ve inspired you and you would like me to be your buddy in the DRIP Network (and on the journey to wealth and financial freedom), I’d be honored! (note: you can’t invest without a buddy, please read my step-by-step guide to getting started with DRIP Network). I promise to be a good buddy and mentor to you, to encourage you, and help you to accelerate your earnings and ROI, and I can be your Drip guide and help you develop a strategy that’s right for you and your financial goals. I also have a very active private group on Telegram where you can get support from other Drip enthusiasts and where we have weekly prize draws and more!
My buddy address is:
0xAcc646e707003383CC4077e37D67a9BC2cf32D0A
Do you know the old cliche about a journey of a thousand miles starting with a single step? Well, the journey to financial freedom starts with a single step too: the decision to take a risk and invest in Drip Network 👍
IMPORTANT: Your initial deposit into the Faucet contract is not withdrawable in a lump sum. You can get it back at 1% a day so if you desperately need it back quickly, forget it, it’s “gone”. Drip is NOT the right investment for you. You will have to wait about 120 days to recoup it fully. But, why would you want to withdraw your deposit? I just explained to you how it will make you very wealthy by growing at 1% a day, compoundable! 🎯
Also worth noting is that the DRIP that is returned to you may not be worth as much as when you bought it. It could be worth a lot less, or it could be worth a lot more. The ideal strategy is to keep re-investing your 1% daily ROI when the price of DRIP is less than you are happy selling for, and sell when the price is high. Remember, if you want to strategize with me just reach out to me on Telegram!
You’re going to need a bit more info to get started so here’s a step-by-step guide I created for you:
Thanks for reading all the way to the end! Remember, if you have any questions, you can reach out to me on Telegram and I’ll be delighted to hear from you!
FINAL NOTE: Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits, or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links. DO YOUR OWN RESEARCH
