digital-coins.net
  • Visit us on
  •  Twitter
  •  Medium

digital-coins.net

Bitcoin, Altcoins, Defi and more

Decentralized Finance

Earn up to 3.33% daily
Learn more

Menu
  • Home
  • Introduction
    • Overview
    • Blockchain – in simple terms
    • Wallet
  • Decentralized Finance
  • Invest and earn coins
    •  How to get coins
    • Free (Bit-)coins
    • For Publishers
    • Investing your Bitcoins (update required)
  • Mining
    •  Mining Overview
    • CPU Mining
  • About

#earn

Back to 2021 – What if I invested in Drip back then

31. August 2022 by digital-coin.net Leave a Comment

As a big fan of the Back to the Future movies I always liked the imagination of journeys across the time. If you never watched these movies, you missed something so far. Go and check them out. They are great.

Today we don’t want to talk about the movies. Today we will ran an simulation on what would have happened with a Drip investment deposited at the very early stages of the platform. The article I published yesterday inspired me to ran this simulation. Lets jump back in time. To 31st July 2021, to be precise. The Drip token sold for 31.54 USD according to coinmarketcap.com. Let’s invest into it.

By today we would be invested into Drip for 397 days. Everyday would have provided 1% of profit so far. Lets also assume we never claimed our profits, but re-compounded every single day. Even if that wouldn’t be the case, our analysis here showed us, that the delta wouldn’t be that big. There is no downline for simplicity. How would our investment look like today on the 31st August 2022?

Below you see 3 scenarios, the only difference is the initial investment amount: Once with 100 USD, 1’000 USD and with 10’000 USD. We bought the tokens on 31st July and claimed our first reward on 1st August 2021.

Even by the current low price of 7.69 USD per token we would still see an increase of around 11x in 13 months time. I think this is still very impressive in the current market environment. The daily reward claimable would be also quite interesting, depending on your initial investment of course! You could for sure make a living out of this money, if you would have invested more then 10’000 USD originally.

Conclusion

The key factor with Defi investment like Drip, or Furio, as we talked about the other day, lies probably a) in time, you have to invest as early as possible to profit from the re-compounding effect as often as possible. And b) your investment needs to have a certain size. Investing only 100 USD into Drip even at the very first day, doesn’t make you a millionaire nor allows you to claim a decent salary regularly from the system. No risk, no fun is coming to my mind. Seems like this is or better was the case here too. Looking backward is always easy, I am aware.

So is it too late to invest and profit in the long term? I personally don’t think so, that’s why I joined the system a short while ago. But you have to decide that on your own, if you like to join me and many others on that journey too.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Posted in: News Tagged: #defi, #drip, #earn, #money, #passive-income
Earn Free Bitcoin

1 BTC = $25743.10 USD  (via Coinbase)
1 ETH = $1809.35 USD  (via Coinbase)
1 LTC = $87.34 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

Bitcoin 2023 Was A Demonstration Of The Bitcoin Community’s Resilience And Optimism

Bitcoinmagazine
Jun 05

Who Has The Bitcoin? A Closer Look At The Bitcoin Supply

Bitcoinmagazine
Jun 05

SEC Sues Cryptocurrency Exchange Binance Alleging Violations Of U.S. Securities Laws

Bitcoinmagazine
Jun 05

Over 400 Small Businesses In The Philippines Are Now Accepting Bitcoin Payments

Bitcoinmagazine
Jun 05

El Salvador Unleashes "Volcano Energy" With 241 Megawatt Planned Bitcoin Mining Operation

Bitcoinmagazine
Jun 05

We’ve Failed Gen Z, But Bitcoin Offers Hope For The Future

Bitcoinmagazine
Jun 05

Three Reasons Behind Bitcoin's 2023 Resurgence

Bitcoinmagazine
Jun 04

Trump’s Persistent Election Result Denials Demonstrate The Need For Bitcoin-Verified Truth

Bitcoinmagazine
Jun 03

CleanSpark’s Latest Update Reveals Major Boost In BTC Mined Due To Fees

Bitcoinmagazine
Jun 02

Looking Into The Role Credit Unions Can Play In Bitcoin Adoption

Bitcoinmagazine
Jun 02

Breaking Barriers: How Bitcoin Can Transform The Real Estate Industry

Bitcoinmagazine
Jun 02

Voltage Partners With Google Cloud To Expand Lightning Network Solutions Globally

Bitcoinmagazine
Jun 02

BTCPay Server Releases 1.10.0 Update With New Store Management System And Privacy Features

Bitcoinmagazine
Jun 01

Gemini Exchange To Acquire License To Operate In United Arab Emirates

Bitcoinmagazine
Jun 01

CleanSpark Announces Purchase Of 12,500 Antminer S19 XP Bitcoin Miners

Bitcoinmagazine
Jun 01

Should A Bitcoin Wallet Have Rights?

Bitcoinmagazine
Jun 01

The Debate Around “Cursed” Ordinal Inscriptions

Bitcoinmagazine
May 31

Liquidators Of Sam Bankman-Fried’s Alameda Research Have Scavenged $110 Million Of Bitcoin After Losing Billions

Bitcoinmagazine
May 31

Did The New York Times Publish Manipulated Footage Of A Bitcoin Mine?

Bitcoinmagazine
May 31

Pro-Bitcoin Legislation Reigns Victorious In Texas This Year As The Legislative Session Ends

Bitcoinmagazine
May 30

Paxful Announces Appointment Of Interim CEO Roshan Dharia

Bitcoinmagazine
May 30

Stablecoin Issuer Tether To Begin Bitcoin Mining Operations In Uruguay

Bitcoinmagazine
May 30

Sabre56 Announces New Partnership With GEM Mining To Host More Than 4,500 Bitcoin Miners

Bitcoinmagazine
May 30

The Bitcoin Standard Author Saifedean Ammous Joins El Salvador’s National Bitcoin Office As Economic Advisor

Bitcoinmagazine
May 30

Umbrel Announces New Umbrel Home Plug-And-Play Server

Bitcoinmagazine
May 30

Filmmaker Alana Mediavilla On Bitcoin’s Energy Consumption, Education And Closing The Gender Gap

Bitcoinmagazine
May 30

Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

Bitcoinmagazine
May 29

How Bitcoin Can Preserve The Life Savings Of Refugees

Bitcoinmagazine
May 28

How I Preserve My Wealth With Bitcoin

Bitcoinmagazine
May 27

Ordinals Is Bringing The NFT Industry To Bitcoin

Bitcoinmagazine
May 26

Bitcoin Core Version 25.0 Released Bringing New Features And Transaction Use Cases

Bitcoinmagazine
May 26

Tax Attacks Won’t Kill Bitcoin: Regulators Must Learn To Accept New Technology

Bitcoinmagazine
May 26

Bankrupt Lending Platform Celsius Agrees To Purchase Bid By Fahrenheit

Bitcoinmagazine
May 25

Bitcoin Payments App Bottlepay To Shutdown Services

Bitcoinmagazine
May 25

Introducing The Rolling-Block Method: A New Way To Forecast Bitcoin Mining Difficulty

Bitcoinmagazine
May 25

MicroBT COO Jordan Chen Discusses The Company's Long-Term Goals And The Newest Whatsminers At Bitcoin 2023

Bitcoinmagazine
May 24

BIT Mining And Chain Reaction Partner To Create New Bitcoin Mining Systems

Bitcoinmagazine
May 24

When Bitcoin Meets Artificial Intelligence: Woke Madness Or Awakened Sanity?

Bitcoinmagazine
May 24

Upstream Data Files Lawsuit Against Crusoe Energy Systems For Bitcoin Mining Operations

Bitcoinmagazine
May 23

How To Figure Out If You Should Start Mining Bitcoin

Bitcoinmagazine
May 23

Bitcoin Developer Introduces Ark, A Layer 2 Protocol For Fast And Efficient Payments

Bitcoinmagazine
May 22

Neutronpay And Pouch.ph Partner To Offer Affordable Remittances For Canada And Vietnam Using Lightning

Bitcoinmagazine
May 22

Ordinals Have Proven Demand On Bitcoin, But Fees Will Push Users To Layer 2

Bitcoinmagazine
May 22

Decoding Bitcoin’s Transaction Surge: The Emergence Of History’s Greatest Accounting Innovation

Bitcoinmagazine
May 21

Zoltan Pozsar, Who Just Left Credit Suisse, Addresses Issues Facing The Federal Reserve And The Dollar At Bitcoin 2023

Bitcoinmagazine
May 20

The World’s Largest Bitcoin Conference Will Take Place In Nashville For 2024

Bitcoinmagazine
May 20

First RGB-Powered NFT Marketplace Launches At Bitcoin 2023

Bitcoinmagazine
May 20

Strike Expands Global Reach, Introduces USDT Support And Unveils Enhanced App At Bitcoin 2023 Conference

Bitcoinmagazine
May 19

‘Big Short’ Author Michael Lewis On The Financial Crisis, FTX And Bitcoin’s Freedom From Intermediaries

Bitcoinmagazine
May 19

Speaking At Bitcoin 2023, Tulsi Gabbard Describes How A U.S. CBDC Threatens Freedom

Bitcoinmagazine
May 19

Latest Crypto Fear & Greed Index

Tags

adapad aipad airdrop animal farm asic bitcoin bluezilla bscpad celsius coinbase compound defi drip earn ethpad exchange faucet free free bitcoin furio gamezone giveaway gleam IDO igo litecoin metavpad miner mining money movez nft nftlaunch passive-income polypad promotion pulsepad reward souls of meta trading trustpad tutorial velaspad wallet whitelist

Latest Platform Reviews

Celsius
Coinbase
Crypto.com (updated)
OKX

Cloud miner reviews

Hashing24.com
HashFlare.io
Genesis-Mining

Archives

  • May 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • May 2021
  • April 2021
  • November 2017
  • October 2017
  • May 2017
  • December 2016
  • November 2016
  • October 2016
  • August 2016
  • December 2014
  • March 2014
  • November 2013

Disclaimer

This site contains referral links to described websites. Thanks for your support.

None of the sites content is financial advise. Do your own research, please.

Copyright © 2023 digital-coins.net.

Magazine WordPress Theme by themehall.com