Why I decided to Buy Some $PEPE Token
$PEPE
Let me tell you why I decided to buy some Pepe. The bear market has been so depressing and long. Seems like it’s been forever since I seen crazy gains from my portfolio. Mostly a bunch of Degen plays and Nfts that rugged or just failed.
Sometimes it’s because life demanded more money, and I had to sell in the red promising myself I’d put it back sooner or later. Later hasn’t come then the value of the asset I sold went down further rewarding me for paper handing making me feel as if It was a smart move to sell.
I haven’t seen green day’s like what I’m used to since Game stop days. I bought game stop at $3.78 and $4 range. I bought all year long dollar cost averaging into options believing that the investment would blow me away one day when it returned to ATH of $60.
I know after game stop pump I was able to get into a lot of alt coins early and ride them up resulting in even more wins. I had got into chain link at $3, Solana at $1, Uniswap at $4, just to name a few. After the bull everything has been down ever since. With everything down I feel as though I need a pick me upper. Then I start seeing Pepe up and down my timeline.
Well let me explain, see I was a recipient of Ordinal wallets Airdrop Pixel Pepe project that went to .15 BTC at some point and is still trading at a high price. I always knew about Pepe because of chain link. See I got into Chain Link back when it was $3 and they kept using Pepe memes to pump chain link.
I found out about Pepe from 4chan and I just seen it floating around all the time in different Defi coin chats. Now I have 2 pixel Pepe’s and plenty of Pepe airdrops from other projects.
I follow a lot of Pepe fans on twitter, because of this. so it’s no surprise that I seen Pepe in the timeline.
This time it’s different $Pepe with a dollar sign in front of it. I know that means it’s a token or financial asset class on twitter. See if I click the dollar sign it’ll send me to something like a hashtag page for financial updates only. I searched the website
I seen people posting memes as usual, only this time it’s a Dex chart included too. Twitter is a great tool for catching things in real time as the happen. So I was able to see the coin pump from low market cap to higher then 100m market cap but I didn't join in at first because I was afraid it would dump and I would be left holding the bag.
I talked to other Pepe owners and people in the space and found out that the project wasn't spearheaded by any huge influencers like most of the rugs. This project had grassroots beginnings from the community itself just pumping their bags, and I feel more safe about that. I dislike chasing after a pump when I see its huge influencers pumping it because as soon as they stop pumping it, the fun's over and it dumps.
I checked on the chart and seen that it was pulling back, and after the first major pullback, I wanted to jump in. I went to Uniswap with my metamask wallet loaded up with ethereum and proceeded to purchase. It was easy cause I just went to the Pepe website to make sure I was buying the correct Pepe token. I only bought $300 in total worth of $Pepe Token, and I'm fine with that, because when I bought the dip it soon doubled 100% after that following 2 days.
If I buy too much right now and it dumps. I get Rekt. If I didn’t buy enough and it pumps hella hard to 5B mc, Rekt. If I buy enough then it dumps, and I buy more in dollar cost average down, then it pumps hella hard I Win. If it just rugs in the end then my loses are small and I can live with small losses.
Trick is to get in early so your risk ratio is lower, wait until it pump too high to hop in then you take greater risk and spend more money.
In comparison Pepe is already in the top Meme Tokens next to tokens like Dogecoin and Shiba inu. The other thing is when doge and shib was in their infancy a couple hundred dollars would've turned in to a lot of money. Today Shib is worth 6 billion market cap. Pepe is worth 158 Million market cap at the time of written this, so in order to get to 6 billion market cap Pepe would need to 37x from where it is.
Now I’m not ever going to be as early as this guy who invested $250 and made $1,000,000.. But 37x is still a good return if it ever reached that high.
Guy Who went from $250 to $1,000,000 on $pepe
My $300 would turn into $22,200 which is much larger then the $300 I started with. Now I don't give out financial advice so I just want you to know that I felt lucky and I bought based on a trading signal, it was quite bottomed out and the rsi (relative strength index) was in the oversold territory when I pulled the trigger to buy. Its also possible that this doesn't go higher at all and that it heads back down. So I keep in mind of both scenarios when I purchased. This is why I wouldn't add more I'll just go along for the ride.
With all the Pepe holders from all the different Pepe projects and previous Pepe memes and projects existing on all the blockchains I feel like Pepe owners would collect just a piece of this token just for adding to their collection. For that reason I will hold and hope for the best.