Apecoin. Sold all the crypto in this paper trade experiment and bought more Apecoin. Going to let them ride out the remainder of this crypto cycle...
On December 11, 2023, I tried to open a crypto account, so I could get at least a little money into the market to take advantage of the current crypto cycle. Because of my lame Obama phone, I wasn't able to transfer money into the account. So I decided to do a paper trading experiment instead. Here was the idea, " If I had $10,000 right now (12/11/2023), where would I invest it?" Not just crypto, but any investment vehicle. I began the paper trading experiment, a pretend account, then. You can see the original post at this link. I bought and sold a bit, and by March 11, 2024, this was my portfolio of cryptos:
.011995 BTC (Bitcoin)
.2259 Eth (Ethereum)
7.647 SOL (Solana)
56.931 AVAX (Avalanche)
74.962 DOT (Polkadot)
595.298 Matic (Polygon)
2,685.31 APE (Apecoin)
490.196 SAND(Sandbox)
510.204 MANA (Decentraland)
After March 2024, the portfolio was up about 40%, and I cashed out some of the positions, and bought other cryptos. I saw no reason to "invest" in stocks, gold, or anything else. From the very beginning, my timeline was what I believed would happen in crypto by late 2025 or early 2026. That's still the timeline I'm following. I just let everything ride, after March 2024.
Yesterday, January 21, 2025, I decided to "sell" everything in this porfolio, except Apecoin, at the prices available about 12:45 pm Pacific time. Again, this is just a pretend account, a "paper trading" experiment, to see how my ideas would perform. Here are the prices I "sold" each crypto at yesterday (1/21/2025):
Bitcoin (BTC) - $105,950.64
Ethereum (ETH)- $3,308.78
Solana (SOL) - $253.79
Polygon (Matic) - $ .45
Sandbox (SAND)- $ .59
Decentraland (MANA) - $ .50
Polkadot (DOT) - $6.70
Avalanche (AVAX) - $37.03
That pretend (again, this is a paper trading experiment) sale yielded $7,244.01, less 5% estimated gas fees, for a total of $6,881.81
That left my portfolio with just 2,685 Apecoin (APE)
and $6,881.81 in cash
I took the proceeds and bought 6,000 more Apecoin (APE) at $1.03 each, which cost $6,180, plus a 5% gas fee, for a total of $6,489
So now, just over 13 months into my "$10,000 Investment Challenge" my portfolio consists of:
8,685.31 Apecoin (APE)
and $392.81 cash in the account
Total value after 13+ months, Apecoin and cash, equals $9338.63
So the account is down about $660 from the original $10,000 at this point, but I'm 100% OK with that, since Apecoin is out of favor right now, and sitting at $1.03 per coin. APE peaked at around $27, and hovered between $3 and $7 for much of its lifetime. I have faith in Yuga Labs, creators of the Bored Ape Yacht Club NFT's, Mutant Ape NFT's, the Otherside NFT/gaming metaverse, and, of course, Apecoin, the unit of trade in all those realms. So I'm going all in on Apecoin at this point for my $10,000 investment challenge. Again, this is a paper trade, a pretend experiment, and should not be taken as financial advice.
Here are links to all the posts for my $10,000 Investment Challenge:
$10,000 Investment Challenge- December 11, 2023
$10,000 Investment Challenge- December 21, 2023
$10,000 Investment Challenge- February 21, 2024
$10,000 Investment Challenge- February 28, 2024
$10,000 Investment Challenge- March 11, 2024
I do most of my writing on Substack now, a platform designed specifically for writers. Check it out:
No comments:
Post a Comment