How to Ride Out the Crypto Bear Market While Earning Interest

in #cryptocurrency6 years ago (edited)

Hard Times for Cryptos

So crypto's are down across the board. I saw a trending article on Steemit that is earning $900+ because they basically pointed that out. I have no interest selling at these levels as I'm a patient person and am patiently waiting for the market to bottom out and venture capitalist money to flood into the market. That's going to happen at some point... right... right? At this point I'm mainly investing in cryptos that produce some kind of return for holding onto them. For example I'm HODLING SmartCash that pays monthly rewards in you have over 1K (plus running a node for them). I'm getting more GAS by keeping some NEO around. Hopefully I'll get back to writing consistently and earning with Steemit. I'm using my favorite exchange Kucoin and their KuCoin Shares coin to get small daily payments of hundreds of different coins and tokens. I'm earning great interest on my BTC, ETH, LTC, DASH and other cryptos by investing in the Crypto Games online casino. This provably fair casino pays 70% of their profits to investors.

The Best Investment

The best investment I'm made this year by far has been in Dropil. I've only participated in one ICO ever... and this was it because I knew I had to be a part of this platform.
dropil-logo-reg.png
From an initial 5 ETH investment I've been earning about $800 a month in profit. How is this possible? Basically Dropil has over 200 trading bots that are collectively know as DEX. DEX uses capital invested by users and trades mainly top 20 cryptocurrencies to rack up small gains (it generally pays about 4% every 15 days). dex-profit.PNG
This cycle is already paying me over $500 and I still have 2 days left! I know what you're thinking... oh it's like some "lending" pyramid scheme where you lock your money up and need to get people under you right? Well first off you can withdraw your money at any time, you don't need to wait until the end of your 15 day cycle. And if you (sign up for Dropil)[https://dex.dropil.com/signup?aff=y6rFsH6Kc7ZuV8iCoHECwzlsX6FLLb] my link and invest $50 worth of DROP tokens we both get a $5 bonus. That's when the benefits of referring you end... so there's not a whole lot of incentive to get other people on board.
dropil.PNG
So is it too late to hop on the Dropil train? Not by a long shot. Dropil has been very stable compared to other cryptos since it already has an actual use case and about half the tokens are being actively invested and this coin has not seen a massive pump yet.
price.PNG
The future also looks bright as the developers will be releasing other products such as an automated arbitrage bot that will presumably cost DROP tokens to run. They already do some small buybacks of DROP tokens from DEX's profits to make sure there is enough on hand to pay investors. And when the supply of DROPs runs out in several years I expect larger buybacks to keep up with demand, helping the price appreciate. The developers have stated there won't be large scale buybacks, possibly because they'll be releasing other products that will get people to pay with their DROP tokens.

You can see a bit of what's going on underneath the hood with Dropil Insights https://insights.dropil.com/ You can currently buy DROP tokens on IDAX, Tidex, RightBTC, IDEX, ForkDelta, and EtherDelta. I'm not an investing professional, so do your own research before you do anything.

Sort:  

Top review, love droppil I too! It is fantastic in bear market.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by sixexgames from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Coin Marketplace

STEEM 0.19
TRX 0.18
JST 0.033
BTC 88286.50
ETH 3019.87
USDT 1.00
SBD 2.77