Just over a couple of years ago in a Uber Ride, myself and the driver Ali were talking about financial freedom and what it would do for us. He had picked me up from a football coaching session to drop me back home. He said he had recently been investing into crypto as one of his boys got him involved. I asked him how much profit he had made and he said £500 in the past week from a £300 investment. Sounds enticing right? I later found out that it was a £10,000 investment and he had got lucky. Crazy, how people can believe their own hype when they want to. One coin he did mention though was a meme coin called Shiba Inu. I had spend a lot of my time researching Shiba and watching hundreds of youtube videos about how it would go to $1 and a lot of people would be rich. I joined the Shiba Inu community telegram and I received a message via private message from a moderator called Joe. (Well so I thought)
Joe asked me if I had set up a crypto wallet to secure my funds, I had no clue what he was talking about so he sent me a message detailing what a crypto wallet did. At that point, I was introduced to trust wallet. So I went onto the App Store to download it and Joe showed me how to send my funds from the Binance Mobile App to TrustWallet. I remember messaging my best mate at the time, telling him to invest into Shiba Inu and how the telegram Community they had, were very friendly and helpful. Joe sent me a message saying I should verify my trust wallet, and since Joe had helped me already I had no reason to doubt him. So he sent me a verification link.
Cut a long story short, Joe was not my friend. I had invested around £2000 into Shiba Inu and now it was all gone. It sucked, but I still had so many videos of youtubers talking about how the price of Shiba Inu was about to rocket. I had learnt my lesson from Joe, invested only £200 in Shiba Inu and left it for a while to see my investment grow. In may 2021, Shiba Inu grew to its all time high. My £200 became £1400. I was happy, I told everyone about it. I don’t think anyone listened. I even spoke to a family friend about it and they said they were in DRIP. I had never heard of the term, I googled it and nothing came up. So I went on my MERRY WAY, believing Shiba Inu was going to make me financially free.
Introduced to defi
It was November the 6th 2021 and I had just got off the phone to same family friend, who told me about DRIP, also known as Drip Network. He described it as a medium to long term savings plan which would help with my Wedding. In fact, this will be the year that once in a life-time event will happen. Anyways, let’s get back on track. He told that he was so sure about it, that if I invested £100 and I didn’t get my money back after a month or I wasn’t happy with the results, he went transfer £100 straight to my bank account. I joined the community telegram group and have never looked back since. Since my time in Defi, I have made back my £2000 that I lost in crypto in 2021 plus transferred a total of around £50k.
If you liked this article or found it interesting, feel free to check out my next one. Same time, next week. We will delve deeper into our Defi Journey so far…
Also I have attached my telegram handle as well as a link on here if you want to understand DeFi that little better.
Understanding Defi — https://dripstax.com/education/
My Telegram Handle — @Dripsta
