My Prediction for DRIP Going Forward

Hey this is James Pelton and I wanted to do a video today on drip and it has been a very very long time since I've done a video on drip. As you guys know, drip is my number one holding by far. I have many many many many many many drip. At all time high I had like $600,000-$700,000 worth of drip and I have even more drip than that now because I've been mostly hydrating as the price of drip has gone down. So and the reason that I haven't done a drip video in a while is just because of the price action okay. So people you know I've been doing was doing drip videos all through all this time through all this time through all this time then people who got in here they've been a little bit wrecked as the price has been going down and I want to talk to you about why I think now still might be a good time to buy drip and talk to you about just how I think about it. It's a common question I took a lot of flack the other day because someone asked me is drip a safe investment and I said no it's not a safe investment. I want to kind of just explain what I mean by that but as I've watched the price been going down down down I've been kind of just waiting for it to stabilize and then maybe even start to see kind of a bounce back and that's where I would probably recommend although not financial advice that maybe drip is worth getting back into now. So a couple things that I want to get out of way is drip a safe investment okay. So if you guys remember my blueprint for financial freedom I consider safe investments over here so like real estate or I tweeted out earlier today there's I bonds which are United States bonds that give a 9% return okay that's a safe investment. You still could lose money but your odds of losing money on a U.S. bond are very low. Then these would be a little bit riskier but higher returns like freeway and yield nodes and I have drip and I think this is where it belongs over here in the DeFi play. It's you know not a safe investment as nothing in DeFi is okay there's a there's a chance you could lose all your money if you put it into drip but there's I think in my opinion the risk reward ratio for drip is at a good point right now and I want to show you kind of just a spreadsheet that helps. So when drip was up at $150 that means that if you put in $500 you could buy three drip which means after a year of compounding you'd have 91 drip which means that the price of drip went down to $1 okay so we'll say it just kept going down to $1 that means your $500 after a year would turn into $92 okay so that's kind of a worst-case scenario and you know it looked like that's the direction that it was going. Now that it's at $10 or $13 it's been hovering around there for a little bit. You can buy 45 drip for $500 which means after a year of compounding you'll have over a thousand drip okay and so now if the price continues to go down to $1 which it looks to me like it's a little bit stabilized and one thing that is better about drip than the node projects we've seen a lot of these node projects that are just going to go down forever. Drip unlike these node projects has a max payout okay so you only get 365% of what you initially put in so it's not lifetime rewards like a lot of these nodes but where the buying pressure just increases eternally but drip there is there is sell pressure but then it goes down after people claim out their whole 365% so I personally do believe that at some point it's going to stabilize and maybe we're here now maybe it'll go a little bit lower it's hard to tell but then I think it will bounce back up and you know again looking at the spreadsheet even if it goes down a little bit from where we're at if you you know hydrate for a year you end up with a 274% return on your initial $500 if it stays around $10 you could end up with you know $13k after a year of compounding and then obviously if the price ever goes back up you know this was at $100 at some point drip was at $200 you know if it ever gets back to those all-time highs then I mean $500 investment make you quite a bit of money and so that's why I think the risk reward ratio is there again I still don't call it a safe investment because there is a good chance you know there's a there's a chance let's say it goes down to a penny okay if it goes down to a penny you're gonna lose all your $500 I think $1 that's bad I think the odds of it going down to a penny in the next year is not good I think $1 is you know maybe maybe there's a 20% chance it goes down to a dollar honestly I think this is probably the most likely case is that it hovers around the 10 to 20 to 30 and so in that case you would make money so I want to be very clear drip is it does it for the moment at least and for the last year it's had ponzi nomics okay so I do believe that drip is there are ponzi nomics going on there okay so the price of drip going up is from new people buying okay there is not a revenue stream as of yet there are some on the horizon I'm not necessarily against ponzi nomics for they can make you money for a while I will for example Bitcoin is ponzi nomics right Bitcoin the price goes up if new people get in okay and that's kind of how I look at drip too I think there's a lot of potential to make money so five reasons that I think now is a good time to get in to drip number five is it's been going for over a year okay and crypto that's a big deal there's been no exploits there's been no hacks it's still going after a year that's it's already better than 99% of crypto projects that has lasted a year and that there haven't been exploits there haven't been hacked there haven't been hacks and I don't anticipate that there will be in the future also so that's number five reason that I think drip is a good buy right now number four do they have a bonkers community okay when I said that I thought drip was not safe I got bashed so badly in the drip telegram group I would not recommend anyone go to the drip telegram okay it's awful but I do like to see this crazed community because I know there's a base there that is gonna keep pushing it drip forward they have a very robust referral system and if you have this big huge base of crazed fanatics that's good for your protocol that's a good base for your protocol I have a lot of people that I know we're gonna continue to hydrate if drip was down at a penny they would still still sit there every day hydrating because they believe in it so much okay and I'm not quite there I'm not a crazed I don't believe in it as much as a lot of those people do and I'll probably even get some back you know backlash for saying something like that but I do that is bullish for me to see a community that is that crazy but if you're part of that community I recommend chill out just a little bit you can support it strongly attacking people who say anything negative about it but that's my number four reason that I think drip might be a good buy number three is just the team so 4x shark one of the smartest guys that I've interacted with he too I think he's he might be a little angry with me because I said drip wasn't safe but we might be having a discussion in upcoming time you know a debate is is drip safer than Bitcoin and maybe talk through my spreadsheet here he might try to convince me to move drip towards the left and it might it'll take some convincing I think it belongs there some people would say it belongs down here I don't I like it we're here in these these defy 26% a month returns but I think 4x sharks gonna try to convince me to put it this way but I think he's very smart he has a lot of experience he's building a lot of cool things we'll talk about a couple of them here and I believe they just hired a chief marketing officer okay and marketing is gonna be huge for drip they want to expand over into like Asia and those things and someone in charge of marketing you know and even rallying the troops for referrals and getting people to market for them like I'm doing here you know that will be huge for drip I believe so the number two reason that I think trip might be a goodbye right now is that the animal farm I believe is close to actually launching okay so animal farm if you're not familiar with that and I'll have to do a separate video on this because there's a lot going on here also but it's kind of a yield farm that 4x shark was releasing that's kind of built alongside the drip community and there's just been a lot of problems with the animal farm launch and with just how it's gone so far and I think that's taken first off a lot of 4x is attention away from drip but it's also kind of just made the community in general just a little nervous I think about hey is this gonna actually is that actually work but I believe animal farm and the yield farming that's gonna go on there I believe animal farm will be one of the biggest yield farms in defy and I think all of that will go to bolster drip and the price of drip so when that actually you know the fact that drip is still hanging around with animal farm not working out the way that it was supposed to I think shows that it when it does start to work you know I in my opinion you're not financial advice but you'd want to be in before that before that starts to happen so in the number one reason that I believe drip might be a good buy right now is just all there's a whole slew of new things coming out and it's hard you know drip doesn't do a road map where they say oh on this day we're gonna do this on this day we're gonna do this on this day we're gonna do this but they are building a lot of stuff they're building scratch tickets which I think people are gonna have a lot of fun fun with it's gonna be utility added to the drip token they're adding peer-to-peer lending I know 4x is big on lending and on insurance and I know he has a lot of ideas for utility to add to the tokens and I think once the animal farm stuff gets sorted out a lot of this utility will start to get added I know there's a new drip UI that's coming out soon I know they're wanting to expand into the Asian markets like crazy and those are huge markets okay if you think the US market is is big the Asian markets are much much much bigger than the US markets for something like this again you can wait and see you know you could wait and see well what does the price of drip do there's always a balance of getting in early with high risk high reward or waiting and getting in with lower risk lower reward okay so you could wait and see what the price does over the next few months but the one problem is if it goes up let's say the drip price goes up to 50 well now you know is it a goodbye then I don't know I feel pretty good about buying it at 10 I don't know if I feel as good about buying it at 50 you know the higher up it goes the further it could come down I don't know it's really hard to tell to me with what they have going on it wouldn't surprise me if drip shot back up into the 40s or 50s okay now I could be wrong it could go down to one could go down to one cent it could go out of existence but I just think the community behind it is too strong and I think Forex is doing too much for that to happen so if you're wanting to get involved in drip if you don't know how it works basically you're gonna get some B&B okay so you need to get some B&B on Binance or on PancakeSwap and then you're going to buy your drip right straight off the fountain on their website I always switch my slippage to one just to you know make sure I get the best deal well let's just say you know I want this at 1.5 B&B is gonna be about 500 bucks I believe so you just say okay I want 1.5 drip you go ahead and buy it and then you go to the faucet and I actually have three wallets so this is something that whales maybe I'm a small whale you might say but there is a there is a total max payout of a hundred K drip so if you start getting close to that what we do is we create a new wallet so I actually have three drip wallets going right now so but after you get your B&B you need to select a buddy okay and a lot of people are gonna think hey you made this video just so that you could get more people to be your on your team okay if that was true if what I was really after was referrals I would have been making videos in a panic I would have been making videos during all this time just trying to convince people to come into drip come into drip come into drip I was making a lot more money daily when drip was up here than I am now okay so if all I was about was the money then I would have been telling people all the way down just keep buying drip keep buying drip but you notice I've stayed very quiet because I was not sure I wasn't sure where the bottom was gonna be where we were gonna start to see this bounce and this is now where I feel fairly comfortable with it so you have to add a buddy here you want to use my address here's my address I'll put it in the link below but you can add me as your buddy I do do drip airdrops I've done over $100,000 worth of airdrops people always say you don't do airdrops they go and check if you've received an airdrop put your address in here and look up I guarantee you that I've given you an airdrop at some point almost so you're gonna add a buddy and you can use me if you would like if you have someone else I always say use who you heard about whoever convinced you to buy drip use them as your buddy they deserve the credit for for you getting in so go ahead and put your buddy address down here update your buddy then make sure you deposit your drip okay so you'll have some drip and hit max and deposit it there's a 10% tax as it goes into the faucet here and then you'll see your drips show up here and then every day 1% will come over here okay and if you want to hit these numbers again my wallets I kind of have a compounding I have three main wallets I have a compounding wallet a claiming wallet and a 50-50 wallet is just the strategies that I have in place if you want to hit these numbers these are with compounding for a year so you know if you don't need the money this would be the best way to grow it as you just keep compounding now if you're putting in a whole bunch and you're wanting to create kind of a passive income then yeah maybe you know you put in $10,000 and then maybe you you know do a 50-50 strategy where you're compounding half the time and claiming half the time maybe you claim three days a week and then you hydrate four days a week and then if you're wondering how often you should hydrate I really like this tool because because there is you know it does cost you some gas to hydrate it's gonna maybe be like 70 cents 80 cents a dollar or dollar 20 whatever B&B is at at the time so if you only have you know if you put in only 500 bucks then it might not make sense for you to hydrate every day so they have this calculator I'm not even sure who built it but someone in German you can put down I have 35 drip drips currently at 10 bucks B&B is currently at 200 I don't even know what B&B is I know it's down today but then this will tell you okay in order to maximize and not waste on gas fees you should at this rate hydrate every 19 days okay and that's the the most efficient way so I like using that calculator to kind of tell you at some points you know if you have 500 if you let's say you have 10 you know 10,000 drip in there then you're gonna want to hydrate once an hour is the most efficient way to do it okay so it might be even more than once a day and you can have to just balance that with logistically you know I can't hop on here 20 times a day to hydrate so you just have to work that out but I'll put a link to this is dris all in all is drip risky yes okay it's defy all right you can't you can't expect that you're gonna get 26% returns without some level of risk do I believe that the risk is worth it on drip right now personally I do I would put it in my top 10 projects right now just because I think we're close to a bump it's not a plateau I think we're close to a bump I think a lot of people that were just claiming they put in initially they claim for 365% and I think a lot of the people who are selling are out right now there's a lot coming in the ecosystem and I do believe in the community and in Forex himself so that's just my take on it please do leave in the comments below let me know what you think about drip you can say I'm totally wrong that's totally fine okay I have been wrong about a lot of things before whenever you take a stand on something you're gonna have opportunity to potentially be wrong okay and there's there's definitely potential that I'm wrong about this but let me know what you think also please do hit the like button and please subscribe I do appreciate that we have we get it hit a thousand likes I'm gonna rely on the drip community to help grow this video but we get a thousand likes on this video I think that would be awesome and will help the spread a lot so but thank you guys again I'm in San Diego right now so I'm working my way back to my office and to my good internet and my microphone hopefully you guys can hear me okay but I appreciate all you guys appreciate you watching and I hope everybody has a good rest of their day