🦧 i kinda bought eth at $425

🔬 i’ve been doing this experimental eth wallet thing

im writing this today so that next time a friend asks about it, i can spare the energy to convince a skeptic and send ‘em the link to this article

this is my ethereum investment for the past 35 months

let’s jump right into it

💡 the learning moment

• it was sept 2019 when i finally found out that ethereum is built different – it's not bitcoin

  • it's more than just a currency and store of value like bitcoin

  • really, there's the ethereum virtual machine (evm) – a virtual engine that operates the entire structure

  • smart contracts are enabled thanks to ethereum

  • it’s an ecosystem, a network on which so so many projects and dapps rely on

    • uniswap, markerdao, decentraland, brave browser, opensea – just a few right off the top of my head

🍳 how i prep my crypto account every month

• but, ya know, just like now, back in sept 2019, it was still a risky thing to put my money into ethereum, so i had a thought

• any cent i would get on credit card cash backs, dividend incomes, interest rate earnings, etc. – money i did not earn with any hard labor – i would put maybe 80% of ‘em into ethereum

• the thought was:

  • “even if i lose it all, it’s not like i risked my savings. it was free money anyways. i can promise myself that i won’t be sad if all that money disappears!”

📈 results

• on the 1st of each month, i put in ~$100 (total $3,500 invested in the last 35 months)

• from that, the wallet now holds ~8.2 eth

• even at the current eth price (that’s down 75% from recent high), it’s worth ~$9,800

  • that’s an +180% return in just three years without having to think about anything!

• most impressively, my average purchase price of ethereum with this particular wallet is ~$425 (crazy!)

that’s all for today

for those that hope to reap the benefits of this type of investing, what i call “blindly-1st-of-every-month” approach, i hope you find sources of “free money” around you (like credit cash backs) and see how much of it you get per month

then, just start investing. you never worked for that money anyways, so it ain’t as painful if you lose it 😉

always always feel free to email me (apeofomaha@substack.com) to ask any questions! :)

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💡 something im thinking about

the 2007 release of the first iphone – i still watch it at least once a year, and every time, i get the chills.

click here or the image above!

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🙏 closing comments

all of this is just one ape’s thoughts, but I would love to hear what you want to know about! happy trading!

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as always, just another ape's thoughts and opinions – i am no financial advisor! (i am no substitute for professional financial services)