My Ampleforth AMPL case study - investment update

My Ampleforth AMPL case study - investment update

By Permabull | Permabull | 27 Jul 2020


A couple of weeks ago I came across AMPL and was like what is that? Read a bit about it, decided to throw a 100 dollars on it as I had some spare ETH. All I knew about Ampleforth was that it doesn't really matter what price it is at, the thing to check is the marketcap of the token. The number of tokens in your wallet will simply increase (decrease?) as well as the value.

One week later I had over $200 already so I exchanged the initial investment back to ETH because I wasn't comfortable with how fast it doubled. Left the second half in AMPL to see what's gonna happen. Honestly, was quite happy to have my money back but still keep invested in Ampleforth. My reasoning was simple. Invested ->> got my money back ->> left exactly the same amount as at the beginning in ->> I'm in the same position as I was one week ago, except I invested free money, no risk involved and obviously, only one week later. I'm sure there's many other investors that'll be interested in AMPL much later.

Anyway, one week later and I again have doubled the 100 bucks, currently having just shy amount over $200. AMPL cot my attention and for now I'm going to keep all the money in and will report here later. Will it double in a week time again or are the bulls already tired. How long will it take until it'll all dry out or go to zero? Only one way to know I guess :) Will post an update next week if there will be some interest.

If you're feeling lucky, jump on the train, if not, keep your money in ETH or even better BTC, can't go wrong with neither. And don't forget the rule #1: Invest ONLY what you can afford to lose! Don't gamble all your savings away just because some stranger on the internet told you that he made hundred bucks on a chitcoin you never heard of before.

 


Permabull
Permabull

Saw crypto as a way to make some cash. Learned about the tech and will stay in forever.


Permabull
Permabull

Born to be bull.

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