Well I've been always open about my Crypto investments in here (maybe too open?! XD) and it's mostly because ALL MY CRYPTO ASSETS came from Steem (back then) and Hive. And so I just feel that it's right to share in here whenever I do something new about those crypto assets of mine I have accumulated in the past years thanks to Steem/Hive.
As some of you might already know, last month I finally gave in to the Axie hype and decided to buy myself 3 Axies to start playing Axie Infinity.
Some people kept on asking me as to how much was my initial investment and if it was really worth it risking such a huge $$$ to start playing the game, and I kept on saying I spent $420 but looking at the past transactions on my Ronin Wallet, it seems I have only spent 0.1579 ETH or $320.39 USD!!!
And so, since I have already done my first cash out 2 weeks ago (exactly 14 days ago) to which I have accumulated 1770 SLP and have gotten $235.868 USD at a price of $0.135 per SLP on my first 14 days of playing, ADDED WITH another 2310 SLP in the last 14 days to which was what I cashed out today and got close to $700 USD,
I now have cashed out a total of $935 USD from the game in the exact 28 DAYS I have played it.
This means that my initial investment of $320 last month has now TRIPLED!!! Not to mention I still have those 3 AXIES on my Ronin Wallet! Insanee!
As to what I usually do with my other crypto investments, whenever I reach my initial investment I almost always immediately cash that out. I also did this with Splinterlands before with $10 (Spellbook) + some Beta Packs initial purchases.
Since I already got $235 2 weeks ago on my first cash-out, I only need to cash out $85 more to get back my initial investment of $320. So I sent ~$85 back to a liquidity pool somewhere and thus now have gotten my initial investment in just 28 days while also making some profits. XD
As to what I did with the remaining $615 USD I got from today's cash-out. Well, since fortunately I am in no dire need of money, I decided to go all in on this Axie thing and decided to start buying Axies I think is quite good.
With my 28 days of experience from playing the game, I have learned that Aqua Axies are probably the Axies worth investing and so I have scoured the marketplace all over for the 'cheapest' PURE and VIRGIN AQUA AXIE I could find (I'm also planning to breed in the near future) with a 'TAILSLAP' ability to which I think is the card skill that would really help me do well in Arena... and found this:
Problem is the above Axie was worth ~$950.
Since I only had $615 USD left on my Ronin Wallet, I've decided to sell the crappy Axie I bought last month at close to ~$300 USD.
Surprisingly, seconds after I listed it on the market, it was immediately bought!!! And so even though I still need to fill the remaining $35 USD to buy the above Axie ($950), I bought it. XD
And ta~dah! I am now a proud owner of it! XD
SO THIS IS NOW THE MOST EXPENSIVE SINGLE NFT I HAVE EVER BOUGHT!
If the SLP price is still above $0.3 at the end of this month, I am planning to buy a VIRGIN PURE PLANT AXIE next and if the $$$ I will get from cashing out the SLP I have accumulated till the end of this month is enough, I am planning to buy another VIRGIN PURE AQUA so I can finally start breeding Aqua Axies.
I might have to sell those 2 crap remaining Axies of mine I bought last month so I can afford those Pure Virgins. XD Heh!
So yeah! Since I have already gotten my initial investment back, I am planning to go all in on the game by buying myself 3 GOOD AXIES for my Axie Team in Arena. Next is another 1 Pure Virgin Aqua Axie for me to start breeding.
I would probably be not cashing out anytime soon not until I bought those.
Hopefully, SLP price would still be the same if not higher than what it is todays. xD
Lastly, I just wanna share in here that if I only held cashing out today just for an hour or two, I might have been able to get $921 USD and not $700.
SLP pumped really high today. I cashed out at only $0.30 and at the moment of writing this post, SLP is at $0.39!!!
I do think this current prices are insane and would probably go back to $0.3 USD in the next few days, but wowww insane prices.
I could have used the additional $200 to buy myself some AXS in preparation for my breeding.