Crypto Mythbusters - DCity $500 investment recouped after today's HIVE price spike

LeoFinance
1 month ago
2 Min Read
426 Words

On 26th of December 2020 I have started the challenge to invest $500 into DCity and see in how much time I would recoup my investment. This was my first goal as afterwards the city would provide a nice passive income and I can also upgrade it with the SIM income that will be paid out on a daily basis. While the SIM price decreased and there are some troubling economics in DCity, my investment timing at about $0.10 per HIVE proved crucial to see the light of my investment just after 2 months after today's HIVE price spike to $0.36.

My DCity structure from the beginning supposed a diversification of buildings that would ensure SIM income, but also harvesting some other secondary layer HIVE tokens. So here are the layers on which I have strategized my city.

  • Various buildings giving SIM income (base strategy)
  • Weed farms giving WEED income (additional income)
  • Stadiums giving ENTRY income used in Splinterlands tournaments to gain DEC and convert them to HIVE
  • Daily SIM income based on the city level

Even with a declining economy in the DCity I have succeeded so far to recoup around 1,340 Hive out of it (my initial investment was of 4,400 Hive). Even if the SIM income declined and the period to get the HIVE out of it now it increased, there is another angle that I have considered when investing in the game and that was an expected HIVE price improvement. And not that they HIVE priced spiked today at $0.36 which represents 360% from the buy in price of $0.10, I could execute the order and I've got all my initial investment back and also some dust that I have converted to some BNB tokens to use for DeFi.

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This shows the mythbuster that my initial $500 investment is now back into my bank account and that DCity will be a source of passive income going further. My next move is to invest in few more building and improve my economics into the city while expecting to get afterwards a steady income out of it. The Daily income is motivating and by transactioning SIM and ther other second layer tokens should bring some more juice out of it. Thank you for following my journey until the end and hopefully this is an inspiration for others on how to invest in blockchain games, how to strategize and get the investment back and than enjoy a free ride with some nice daily income.

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