Showing posts with label #apecoin. Show all posts
Showing posts with label #apecoin. Show all posts

Thursday, August 14, 2025

$10,000 Investment Challenge- Update 8/14/2025- Down big time at the moment

 

All in on Apecoin since January 2025.  Am I an idiot?  It sure looks like it... for now.  


Way back in December of 2023, I tried to open up a crypto account, but was unable to, because I had a cheap Obama phone.  I thought it was a good time to hop into some crypto, but couldn't open an account.  So I decided to do a paper trading experiment instead.  My question was:

If I had $10,000 to invest on that day (12/11/2023), what would I invest it in?

This is, and has always been a paper trading exercise.  It's an imaginary investment account, making imaginary trades, based on market conditions at the time of each trade (including adding in gas fees, etc.). 


I picked a handful of cryptos, and have traded in and out (again, purely imaginary- paper trades) since.  In a few months, the paper trade fund was up 40%.  I've traded in and out of a handful of cryptos, mostly taking profits on those that were up, and re-investing in others.  As of January of 2025, this was my paper trade account:

8,685.31 Apecoin

$392.81 in cash 

Right now, on August 14 2025, Apecoin is at 60 cents per coin.  Total value of my paper trading account currently is:

 $5,211.19 in Apecoin, plus $392.81, for a current total of $5,604.  

At this point, this paper trading experiment is down 44%, over 20 months.  But, my investment window, when I expected this to be a worthwhile investment, has been late 2025 or early 2026 from the start.  

My bet was that this Apecoin would rise to a solid investment between July 1, 2025, and June 30, 2026.  Yes, it's down big right now, but we're only 6 weeks into the window I was aiming for.  As of right now, buying Bitcoin, Eth, or Solana over this time period would have paid off more at this point.  Buying Nvidia stock would have paid off more at this point.  Even buying gold or silver bullion would have paid off more at this point. 

I thought gold was going to go up some in late 2023, but honestly, gold has really surprised me since.  That's mostly because this whole scenario is playing out much slower than I thought it would.  But it's still playing out.  

Here's why I'm hanging onto the Apecoin in my imaginary paper trade account, and riding it out.  I think we are dramatically overdue for a major correction in both stocks and crypto.  I don't think $121,000 Bitcoin is the peak of this crypto cycle, but I think we're near the short term peak.  

I believe we will see a major financial crash this year, that's already overdue.  I think a huge ($5 to $10 TRILLION) bailout will follow, over the course of several many months, after a major correction, we will see a huge liquidity wave, which will send stocks and crypto back up, gold and silver down.  The now expected decline of interest rates over the next year is lining up with this idea, as is the massive slowing of real estate in the parts of the U.S. that boomed over the last several years.  There's also the commercial real estate collapse (see my Simulpocalypse Series on Substack for more on that).  Anyhow, when the bailout money surges into financial markets, probably in the spring of 2026, we will see a prolonged surge in crypto.  I think in mid to late 2026, maybe early 2027, we will see $150,000 Bitcoin, and over time, huge rises in many other cryptos.  That is the scenario I was betting on from the start.  

My assessment may be completely wrong, of course.  It's already running somewhat behind the timeline I had in mind, but I'm sticking with this overall assessment.  So I don't care that I'm all in on Apecoin when it's at 60 cents a coin.  This time next year, we'll know if my $10,000 Investment challenge was sound thinking or not.  

Checking this today, I decided to write a post, even though it's down, and I'm making no changes, because I should show when things are not going well, as well as when they are going well.  



Wednesday, February 28, 2024

My $10,000 Investment Challenge- paper trading- Taking profits!


Mark Yusko is one of my favorite crypto people to listen to.  He's on a podcast every Staurday morning on Blockworks Macro's "On the Margin" podcast.  The Bitcoin halving due in 2024 should happen in April.  The ETF's and an overall change in sentiment has driven Bitcoin up from a cycle low around $16,000 per coin in late 2022, to peak over $63,000 this morning.  


I wasn't planning to write another post about my $10,000 Investment Challenge for a couple of more months.  Then I checked the markets this morning, and Bitcoin was well over $60,000.  By the time I decided to "take some profits" in my experimental investments, Bitcoin was at $61,069.  Again, this is a paper trading experiment I began on December 21, 2023.  I did not actually invest any money.  I'm just paper trading, pretending to trade, as an experiment, since I couldn't do it for real.  I opened a Coinbase account, but wasn't able to transfer any money into it, because I have a free Obama phone, apparently.  The account wouldn't accept it for my security check to transfer funds.  That pissed me of.  So I decided to paper trade $10,000, starting 12/21/2023.  I could "invest" in anything, and chose to put it all in crypto.  

Today's changes:  I sold half of my Bitcoin for $61,069.39 per BTC.  I sold half of my Eth for $3,352.28 per Eth.  I sold 7 SOL (Solana) for $114.56 per Sol.  I figure 5% gas fees for each purchase or sale.  Here's how that works out.  

Sold: .011995 Bitcoin for $61,069.39 per BTC = $732.53  less 5% fees ($36.63) = $695.90
Sold: .2259 Ethereum for $3,352.28 per Eth = $757.28, less 5% fees ($37.86) = $719.82
Sold:  7 Solana for $114.56 per SOL = $801.92, less 5% fees ($40.10) = $761.82

Total profits taken today- $2,177.54

Then I put all of that $2,177.54 into Apecoin which was at $1.98 per APE 
After 5% fee, that's $2068.66 into Apecoin at $1.98 = 1,044.78 APE

This puts my total investment into crypto as follows:

.011995 Bitcoin
.2259 Ethereum
14.647 Solana
56.931 Avalanche
74.962 Polkadot
595.298 Polygon
2,279.34 Apecoin
490.196 Sandbox
510.204 Decentraland

Total Value of these right now (11:45 am Pacific, 2/28/2024)  $11,028.06
Prices dropped a bit since I "traded" this morning.

So the whole basket of my cryptos, in this experiment, is up over 10% in less than 3 months, after all fees are covered.  Not bad.  

For any of you experienced gamblers or investors out there, you may have realized that the Bitcoin, Eth, Solana, and Apecoin are now all paid for in pretty good prices.  I now have paid $21,183.82 per Bitcoin for the BTC I have (it's now $60,233).  I've paid $1,018.95 per Ethereum for the Eth I now have (it's now $3,232).  I've paid $67.25 per Solana for the SOL I now have (it's now $111.66).  I'm not quite totally playing with "house money," but I can just let all those ride, with no fear, and see how high they go.  

I'm over $4,000 into Apecoin, which is my main pick of this whole group, for $1.78 per APE.  Apecoin is the token of Yuga Labs, who created the Bored Ape Yacht Club NFT's, Bored Ape Kennel Club NFT's the Otherside gaming metaverse (that's NFT friendly), and own the Crypto Punks, and other Old School NFT's.  Apecoin is at $1.84 as I'm finishing this post, and it hovered in the $6 to $7 range for a long time, before the crash.  APE peaked around $27 shortly after it debuted, so it has a ton of room to run.  And the FOMO crypto market of this cycle, and the Bitcoin halving, haven't even happened yet.  I'm pretty happy with this basket of cryptos now.  

Here are the previous posts in this series:





There are NO paid links in this post.

I've been doing a lot of writing on Substack lately, a platform designed specifically for writers, check it out:



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