Here is my experience with a lot of projects in the DeFi space…Being EARLY has determined the success I have. Being EARLY also limits my downside and heartache. Please allow me to explain.
Let’s look at two scenarios.
SCENARIO 1 THE EARLY ADOPTER: I’m reading MEDIUM looking for opportunities and projects to invest in. It’s July 2021 and I read about DRIP. I’m intrigued. It’s unlike anything I’ve seen. I look at their website, I’m less than impressed as the interface is kind of chincy. Their whitepaper is worse than the website. I decide to throw $250 at it, half expecting to lose it all. But I took a chance. At $25 a DRIP, I was able to buy 10 of them. Two months later, I watch my principal crash as DRIP dipped under $5. I decided to “double down.” I bought 50 more DRIP for $250 bringing my total investment to $500. I compounded every day. I received a couple Air Drops (miniscule) from my team and by January my DRIP bag was 330 DRIP. I was earning 3.3 DRIP per day as DRIP skyrocketed to $160. That would have been an income of $528 IN ONE DAY. I could have claimed 1 week in there and made more than 5x my initial investment. Even after I realized those gains, I am still receiving that income (maybe less as the price began to come down). But let’s say I compounded another 6 months…6 months later I have over 2000 DRIP, and I receive over 20 DRIP per day. Over that time frame, the price of DRIP is down over 96% from it’s ATH and it’s at $6. That is still an income of over $100 per day. A return of 140% EVERY WEEK on my initial investment. And the price crashed 96.75%!!!!
SCENARIO 2 THE LATE MAJORITY: I’m reading MEDIUM looking for opportunities and projects to invest in. It’s July 2021 and I read about DRIP. I’m intrigued. It’s unlike anything I’ve seen. I look at their website, I’m less than impressed as the interface is kind of chincy. Their whitepaper is worse than the website. I decide to hold off because it’s too new and there is no track record. I think 6 months is fair to wait. I come back in January. Holy SHIT! This thing is going to the moon. I see DRIP at $125 so I buy 8 DRIP. Those 8 DRIP cost me $1000, but I see the track record so I’m convinced this thing is going straight up forever. I start compounding everyday for 6 months. Over that time, DRIP has lost 96.75% of it’s value. My 8 DRIP compounded over 6 months is now almost 50 DRIP. I’m receiving half a DRIP PER DAY NOW. With $6 DRIP, that means every week I’m seeing a return of 2.1%. Still unbelievable returns in the “traditional finance” world.
That’s a staggering difference, but in Scenario 2 I started out with TWICE as much CAPITAL and had a tiny fraction of the reward.
Sure, being an EARLY ADOPTER comes with risk. But The reward can be much, much greater. And oddly enough, the risk can be significantly less as you can cap your downside based on your unique situation. If these types of projects get off the ground, It pays to be an early adopter as the biggest gains come when the late majority finally get the courage to jump in. It’s ironic that being conservative costs us gains, but that’s often the case.
The price of FURIO has doubled since I got started. I think the price will continue to go up for several months as most getting involved in the project want to become members of the 2.5% club(me included). In order to be in the club, you cannot claim for 28 days. So with plenty of fresh capital coming in and minimal selling, I see the price going near parabolic in the coming weeks. Time will obviously tell.
I’m an early adopter of FURIO. I’m only using capital I could potentially do without. This and Stake Protocol are the ONLY 2 Projects I’ve been excited about this calendar year.
One final random thought about risk…I think the risk of scams and rugs is lower now. Those projects were at their peak when the market was screaming to the upside, but now those thieves are less likely to spend time on a project when the market has been in a freefall. I believe some of the best projects of the next 1–2 years will come out of this bear market. I’m speculating FURIO is one of these.
If you’d like to BE AN EARLY ADOPTER, here is my referral link: https://app.furio.io?ref=0xbB81b09C99a2b29D2C52060Dc8DCAe544c9e3cD9
You will need USDC to swap for $FUR: https://app.furio.io/.
Make sure to add a referral ID and check the “Deposit directly to the Vault” box. I’d be honored if you choose to use my Referral ID: 0xbB81b09C99a2b29D2C52060Dc8DCAe544c9e3cD9
Disclaimer: I always dreamed of being a doctor. I enjoy helping people live happier, healthier lives. I’ve never dreamed of being a financial advisor. I couldn’t imagine someone losing their hard earned money because of something I did or said. Please do your own research and don’t misconstrue my writing as financial advice.
