In the year 2021, I was re-introduced to the world of cryptocurrency. My only previous experience was purchasing Bitcoin in what I recall was the first bullish run back in Janurary 2018. Back then my US-based Coinbase account accepted credit cards. In a moment of madness, I nearly maxed out and purchased 1 BTC for $17k. Looking back, I can't honestly say if that would have changed my life for better or worse. In the end, I settled for a much smaller amount closer to 1% of that hahaha.
Anyway, back to my sweet tooth... It's 2021 and I am now fully enamored with the crypto world. I can't remember how I stumbled on to $CAKE, but I remember liking the fact that I could stake it and earn more tokens. I figured even if it lost some of it's value, I could make up some of the loss with extra tokens. After watching from the shadows and drinking tons of Kool-Aid, I was sure I landed on the next $BTC.
What I Saw!
January 2021 - $1.50
February 2021 - $1.63 - $9.35
March 2021 - $9.35 - $19.00
April 2021 - $19.00 - $44.18 (All time high)
May 2021 - $40.84 - $17.95
I made my first purchase at $36.62 in May 2021. Unfortunately for me, $CAKE was now trending down a few days after hitting an all time high. I watched in horror as it continued to plummet losing more than half it's value by the end of the month. I had no idea what to do. In June 2021, with $CAKE at $15.60, I doubled my holdings and hoped for the best. It continued to lose value until trending up in July and reaching as high as $26.13 in August. I was ecstatic about my decision to throw more money at $CAKE. If I were to write a book about my life at the time I would call this chapter "Finding the Cheat Code to Wealth".
Naturally, I failed to capitalize on my short gains. I kept the coins staked and $CAKE plummeted again. You would think that I learned my lesson but... I threw more money at $CAKE doubling my holdings again when the price hit $11.34 in December 2021. As on the previous occasions, $CAKE plummeted after I purchased. I ended year in red and I was shattered. I hoped that if I forgot about it, time would heal and magically $CAKE would rise like a phoenix in the ashes.
Fast Forward to today. It's April 2025! I doubled my $CAKE through staking BUT my portfolio has lost 80% of it's value. Time did not heal! I have accepted that $CAKE will probably never eclipse its all time high and this asset will never turn a profit. In the meantime I continue to stake, continue to be surprised and confused with every PancakeSwap update. I wish I had more self-control.
