1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[mannyrs13]

Thank you kind sir @DapMeUp!
Appreciate you brehs @mannyrs13 etc.
Just deposited 4.5 drips into the faucet, I'll be adding to that in the near future hoping to get 100 plus.

With regards to the compounding it's best advised to do that daily. The goal is to get 100 USD passive income daily.
Drip is paying 3678% yearly
Please God don't let the hackers get to my stack.

I just added like 86 more. this damn tshare I had dropped a lot and wasn't paying interest consistently. sold that and converted over to drip. Gonna take me about 3 months to hit $100 a day at current price but hopefully it goes up sooner. And thats 365% yearly but I think if you don't compound. might be different with compounding. not sure how that calculation works. yeah definitely focus on DCA into it as you can.

wait so if I’m reading this correctly…if I stake 3500 DRIP then that’s $1000 a day?

is there a hold on that or can I take that out?

lemme do some damn reading

i think there's no hold but a 10% tax on buy and sell and 5% tax on compounding.

3500 drip would cost you almost six figures. unless you meant $3500. but with 3500 drip you making 1k a day after a month. thats considering if you compound until then. and then compound to go higher. gotta be a huge whale to throw 100k tho. compound interest is the best thing there is.

 

[old pig]

too lazy to do the quote workaround but thanks @DapMeUp! and @mannyrs13 for the follow up…and yeah I meant 3500 DRIP but in my haste I multiplied 350 DRIP by its current price…when I seen that number I was like damn this is too good to be true but I see the error I made now lol…I’ll look into it and do like 350 or see if the price drops and maybe go for 500…3500 is too much

 

[DapMeUp!]

@papa surf hit me up for the buddy address when your looking to get in.
I can airdrop you back some of that tax they are going to hit you with going into the faucet.

 

[mannyrs13]

This drip thing says I'm now estimated for 2 a day next month if I keep compounding. But the way I see it is I'm still gonna have the same hungry mentality as before. I added some just earlier and I looked now and it said I had like .33 in rewards. I compounded that. Gonna keep trying to compound around .25 to .50 instead of waiting until getting 1 or 2 a day when I do get it. Compound twice a day or 3 times if possible and speed up the process towards the next goal.

 

[FaTaL]

looking rough out there

 

[mannyrs13]

looking rough out there

even the stock market got killed. I saw the dow was down like 900 points. Nothing is safe these days. End of month also might have had an effect somehow. Think BTC still ok on a long term week to week basis. Maybe short term might be looking rough. Needs to try and stay above 38k.

 

[(ALi)]

@papa surf regarding RSR like you I'm also hoping it goes below, I may start adding to mine at this price point.

This drip thing says I'm now estimated for 2 a day next month if I keep compounding. But the way I see it is I'm still gonna have the same hungry mentality as before. I added some just earlier and I looked now and it said I had like .33 in rewards. I compounded that. Gonna keep trying to compound around .25 to .50 instead of waiting until getting 1 or 2 a day when I do get it. Compound twice a day or 3 times if possible and speed up the process towards the next goal.

What is your end goal breh. Are you trying to make $100 a day in Drip and convert it to fiat or will you continue to compound that for more drip.

I know you stake on a lot of defi protocols, is that sustaining your lifestyle, I know you mentioned you don't work.
Not trying to pry or anything.

Just trying to get a grasp of other people's ambitions and see how they match with mine.

PS does compounding cost you a fee? If yes there is no point if you have a small stack right, do you just leave it until you have a good amount.

 

[(ALi)]

What do you brehs think about price potentials for drip, what is the current market cap.

 

[ORDER_66]

even the stock market got killed. I saw the dow was down like 900 points. Nothing is safe these days. End of month also might have had an effect somehow. Think BTC still ok on a long term week to week basis. Maybe short term might be looking rough. Needs to try and stay above 38k.

I cashed half my stocks out this morning feeling disgusted

 

[mannyrs13]

@papa surf regarding RSR like you I'm also hoping it goes below, I may start adding to mine at this price point.


What is your end goal breh. Are you trying to make $100 a day in Drip and convert it to fiat or will you continue to compound that for more drip.

I know you stake on a lot of defi protocols, is that sustaining your lifestyle, I know you mentioned you don't work.
Not trying to pry or anything.

Just trying to get a grasp of other people's ambitions and see how they match with mine.

PS does compounding cost you a fee? If yes there is no point if you have a small stack right, do you just leave it until you have a good amount.

End goal could always change since nothing is guaranteed with crypto. Definitely got a goal to reach $100 a day and hopefully get there soon but nothing is certain with price so 1 drip a day can get me $100 or maybe it'll cost 5 at that point. Never know. Compounding is 5% fee plus gas in bnb which is cheap. Any little amount helps especially if it adds up consistently.

Everyone situation is different and who knows what can happen from here to a few months from now. I stake coins on cosmos like atom, juno, and osmo and prolly make over $100 a day on there but prices have been dipping. So who knows if there'll be an extended period of low prices and then another run in the future. But if there is then I would have to consider taking staking profits on not just those coins but also drip, and maybe even anchor and possibly eth if that's available at that point. Luckily I have good credit and have the ability to put stuff on credit but don't want to keep increasing my balances without being able to pay the cards off eventually. I do have the benefit of living with my mom and brother so expenses are streamer than if I were by myself and with Florida being the least affordable state, that'll be very difficult to do, for a lot of people. Eventually I would like to get a place of my own and I still have active accounts with things like uber eats and doordash if need be or plenty of available jobs out here I'm sure, but everyone situation different so it's hard to say for each individual on a case by case basis. If I can get by with $100 a day then I'll definitely look to compound the rest and work toward a bigger goal like investing in a house and then more real estate to have that passive income coming in. But if inflation keeps rising and I gotta pay more for expenses and cut down on debt, then I would have to take as much interest rewards as possible to survive. Long as I know I can survive that month I feel ok with how things are going. When I don't, then I'll have to adjust my strategy.

 

[Originalman]

I cashed half my stocks out this morning feeling disgusted

Dang breh you did? Did you sell at a loss?

 

[Standing on business]

This market

 

[ORDER_66]

Dang breh you did? Did you sell at a loss?

Yep but the whole market was sinking regardless

 

[mannyrs13]

Feel like I have established a drip strategy I want to use. One that helps me with both maintaining some stable coins as well as growing my investment with DCA and compound interest. Just gotta try and budget myself better and not waste money foolishly, aka much less trips to the casino for gambling and drinks.

Gonna keep compounding more and more but also got a plan with anchor protocol. Lets say for example I have a 10k base start on anchor. 19.5% apr but should go down likely by end of month. anyways what I'm gonna do is whenever I add $500 on there thru interest, I'll take $250 and send to drip. so when I reach $10,500 I'll take 250 to drip and be left with $10,250. Then when I hit $10,750 I'll take $250 to drip. Hopefully getting anywhere from 5-10 drip at a time while still growing my UST on Anchor. And then continuing to compound so I can hit a higher goal quicker. Per the calculator right now if I don't compound in a year I'll have 16k, but if I do thats 171k. Big difference just for clicking a few buttons each day or as often as possible. I like the compounding on here cuz its 1% daily compared to elsewhere like cosmos where its yearly. I was planning on compounding my osmo and juno to reach a higher amount but said fukk it and stopped doing that and unstaked the extra I put in leaving just the regular amounts I had. Let that earn me money and then use excess on drip to hopefully grow quicker.

 

[cheek100]

I cashed half my stocks out this morning feeling disgusted

horrible feeling