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Normally I am at the end of another dump and I am licking my wounds but I invested in a passive income Defi coin back in December and when everything was in freefall. This little new coin was sky rocketing to its all time high. I brought in at $50 after a @broncnutz video recommending the coin.It looked good for me so I put in a little and after a few weeks of good returns I went in with more and pick up 17 of these babies at $55 euro. You can read the posts and the excel sheet I use to forecast my passive income over the course of the year. I knew the nature of the coin that it was going to increase. I was thinking between $80 be the end of 2022 and would maybe go to $100 the year after but it is after shooting right up to $120 last night which is unbelievable. It fell back to $114 today but holding steady. It is now in the top 5 Defi coins this week which will give it some exposure.
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So what does the increase from $55 to $120 mean for me. Well my current DRIP is compounding very fast already making me 2.5 more DRIP since the beginning of the month. If it is worth $120 quid a pop then my DRIP earned is now $280. My daily DRIP is working out at 0.20 now which is around $24 dollars per day. This amounts to $168 per week. I am compounding all this of course to grow my DRIP stash to have a sound ROI down the road but $168 dollars a week from $935 investment gives me a payback time of my investment to be 5 weeks. It is now worth 2k. There is a 10% tax if I want to redraw any drip so I would end up with $151 this week if I want to withdraw this weeks DRIP. But still not bad. Not bad at all. Things are just happening alot quicker than I imagined. @steemflow , I hope you held tight my man?
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If I keep compounding until April 29th which is not that far away I will reach 41 DRIP and have $50 per day income. $350 per week and this is only at current market prices. But DRIP is gonna go higher not lower. If it is doing what it is doing when Bitcoin is falling from the sky, imagine the bull run when things start ranging up again. By Christmas I am forecasted to be making close to $500 per day in DRIP. That's what the compounding affect does. Now many naysayers will not believe me but in 5 weeks I have my investment paid and the rest is profit so we will see how this little project pans out. Crypto is all about taking a gamble on one coin and this is my gamble. If it works out I have a Ferrari in the drive. If it doesn't I will still sleep soundly at night.Below shows my investment and what it returns after a certain number of days. Please note that this is daily returns.
The rise in DRIP is due to their Manor Farm Liquidity pool launching and the defi to play the game also. When people do have a look around. The telegram page now has 16,000 subscribers so the night is still young I would say. But the thing is I cannot see it going back to $55. $75 maybe but not 50. My goal is to earn 1 DRIP daily so I compound faster. This is due to happen in July for me. I will keep you updated on any happenings in the DRIP network. I was thinking after July I might spend two weeks just claiming my DRIP instead of compounding and buying some Leo or Hive. Treat myself if everything works out. I imagine @broncnutz is on some lie low in Sandy Lane , Barbados somewhere with the amount he is after investing!! Well done my friend. Delighted for you!
Keep on dripping On people. Compounding is the business. DRIP is invite only but I'm not gonna give out my referral as it makes no odds to me and this is not what this post is about. If you really wanna get in then you can hit me up on Discord or the comments below.