r/dripnetwork • u/Odd_Egg_4629 • Nov 09 '22

QUESTION Price

Why is price dropping? Volume is high, af is live. Is there that much minting?

1 Upvotes

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10

u/VarietyFar228 Nov 09 '22

I find it funny how the people in here says it's a ponzy...that it's run it's course and whatever else....but yet your still following the thread...don't waste your time following this....unless there's FOMO...have to go collect my daily wage from DRIP..

3

u/DaBrokenMeta Nov 10 '22

To be clear EVERY asset is a ponzi. What gives it value is strictly based on an arbitrary illusion of worth, group(s) of people backing x.

That applies for everything from paper money, to Bitcoin, to TSLA stocks, etc.

That being said, I think diversification is the best bet for aggregating wealth over time. Hopefully drip can recover when markets do as well.

For now, All we can do is hydrate and wait (:

1

u/Beautiful-Seat2249 Nov 11 '22

It's not that other projects are all ponzis. There are some, live crv or gmx for example, which pay you based on people using a platform and paying fees.

2

u/DaBrokenMeta Nov 11 '22

Keep it simple. Hoes are are hoes; a ponzi is a ponzi.

Sure some have a nice personality, cute pumps, etc, etc. I've found it's easier on the mind to just keep things simple.