so two and a half months ago i put six thousand dollars into auto cake on pancake swap as an
experiment to see how much passive income i could generate after my first month i made around
eighteen hundred and eighty nine dollars which was amazing 440 of that was from the actual autocake
rewards and the rest of that was just from the price of the cake token going up so i thought that
was a pretty awesome result for just one month and it gave me a lot more confidence in auto cake and
pancake swap and so i was ready to go you know kind of all in with a much larger amount and see
what kind of results i could get using more money i wanted to see if you put down a much larger
amount on auto cake could you make enough to cover what would be most people's full-time jobs
passively on autocade so for the second month's experiment i added an additional
21 thousand dollars into autocake bringing my total amount invested on auto cake to 29
090 i tried to get it at exactly 29 000 but it was kind of hard to do that so i ended up with
like an additional 90 dollars and since then i've left it in auto cake but i have kind of checked in
on it because it was a larger amount uh just along the way each week just checking up seeing how much
i've made seeing what the price was and different things like that so today i'm gonna update
how much i made after a month and a half of putting twenty nine thousand dollars into auto
cake i'm gonna talk about the current state of autocake and if i think today is still a good time
to jump into auto cake and in general just kind of share some of the ups and downs of what's happened
with my account over this last month and a half so when i put that extra money in and i kind of
started the experiment over the price of one cake token was around 19 i didn't actually write down
what the exact price was that day unfortunately i should have done that but i for whatever reason i
didn't uh but i did write down the date that i started it so i went back on a chart and i just
found that today and it was fluctuating all throughout the day around 19 and 11 cents so
in general it's kind of in that area i will say at that time in in crypto the market was definitely
on an uptrend i don't know if you remember but a month and a half ago everything was definitely
going up in the crypto market and cake was the same way it was like each day it was slowly just
climbing up going higher bitcoin was slack you know slowly climbing up going higher so it was
a pretty good time to get into cake also a month and a half ago when i started this all over the
apy for the autocad pool was around 95 the first few weeks everything was pretty dang awesome like
the price of my portfolio kept going up and up and up i check it every day and then be like oh
i'm at 30 000. oh i'm at thirty three thousand oh i'm at thirty five thousand and it kept growing
and growing and growing until at one point the total amount i had staked in auto cake was above
forty four thousand dollars which was like whoa i started with 29 000. i have 44 000 which was
crazy and obviously i was super excited because i was making a ton of money doing auto cake and
i just thought man auto cake is the best but i was noticing that as the price of cake kept going up
the apy for the auto cake pool kept going down and a lot of people don't really understand why
that happens i see a lot of different comments on reddit and people are like why is the apy going
down why does pancake swap keep lowering the apy and it's not pancake swap that's lowering the apy
how the autocad pool works is it is giving out a specific amount of rewards and if there's two
people in that pool then they are getting all of the rewards but if there's 10 people in that pool
then it's split between those 10 people if there's 100 people it's split between those 100 people if
there's 10 000 a split between that 10 000 so the more people are jumping in this pool the more the
rewards are split and the less there is to go around and because of that the apy slowly drops
over time as more people are staking in the auto cake pool usually this isn't a problem because
the more people that are staking the honor cake pool means the more people that are holding cake
means the price of cake is probably going up means you're still making a ton of money which
obviously in my case i was making a ton of money so i really wasn't bothered by the fact that apy
was going down because it just meant i was making a ton of money but as most crypto stories go
right when you think everything is about to come together and it's all going good something crazy
happens that you could never anticipate everything falls apart and it ends in total disaster what
happened for me was the broader crypto market started to weaken we saw the price of bitcoin
dip a pretty good amount in a single day and my gains just slowly dissipated over you know like
the period of a week or two weeks obviously if you're somebody who's been in crypto for a long
time this isn't like a surprising occurrence this is like a pretty regular occurrence where
the price goes up really high everything's looking good and then you have a pull back
you have a period where everyone's like it's all falling apart and then the price goes even higher
and then you have a pullback and it's all falling apart and then the price goes even higher
and it just happens over and over and over again personally i think the current pullback we're
going through is temporary i think we're gonna go to even higher highs not just in cake but
in the broader crypto market in general and we're gonna see a pretty awesome bull run in the coming
six months or whatever but also keep in mind that nobody really knows what's gonna happen in crypto
we're all just kind of making educated guesses nobody actually has any sort of inside information
on like this is gonna happen or this is gonna happen my personal opinion is the current bull
run we're in is not quite over yet and no matter what happened to crypto right now like i'm not
super worried like if we went into a crypto winner right now from here yeah it would kind of suck it
wouldn't be super fun but there are always different things you can do to build wealth
and generate income the gains won't be as crazy high as they are during you know bull run seasons
but there's still awesome methods out there to produce income especially passive income in the
crypto space and outside of the crypto space anyway to get back to auto cake along the way
i did decide to capture some of the gains i was making through auto kick and redistribute them
to other different projects and experiments one of those was like the pancake squad launch i just
took some of my cake out so that i could have it available to you know use for the pancake squad
launch and i took a little bit more money out to test this new insane experiment i'm doing right
now which i'm actually really really excited about because it's working crazy crazy good and i'll be
talking about that one in a couple weeks i'm really really excited to share i just want to
test it out a little bit more but it's like one of the most exciting things i've ever come across in
this crypto space and i'm really stoked on it especially for like generating passive income
because it's generating tons of passive income but keep an eye out for that video it's going to come
out in like maybe two or three weeks so anyways after one month and a half of using autocake i was
able to make 3146 directly from autocake so that has nothing to do with the price appreciation of
cake going up or down that's just how much cake i was able to generate from autocake using the money
that i had that's not the full picture though last time i included the price appreciation of cake in
my total amount that i made but this time although the price of cake did go you know way up at one
point at the time of this recording it's actually back down to about the same as where i started
so i didn't really make any money from the price appreciation of cake but the cool part is the even
though the price of cake isn't you know way higher than it was when i started i still ended up making
over three grand just because i had my money staked in auto cake which is pretty cool a lot
of my other investments didn't do anything and this one was able to generate me three thousand
dollars in passive income over a month and a half obviously though the very best outcome would have
been had i sold everything at the top and captured like a fourteen thousand fifteen thousand dollar
gain i didn't do that and you could just drive yourself crazy and crypto being like oh if i
would have done this or if i would invested in this coin or what if i'd gotten bitcoin in 2011.
but the reality is you never could have known what was going to happen i couldn't have known that the
price of cake was gonna drop it is what it is i still made a pretty decent profit and i'm happy
with that it's also important to note that today specifically the day i'm recording this the market
is doing pretty poorly pretty much everything's down in crypto today so that kind of plays into
the total amount i made if i would have recorded this even just yesterday i would have made quite
a bit more and i'd have been able to say hey look how much i made but i didn't record it yesterday
i recorded it today and today is when i ended up capturing my gains and i didn't make as much
but again it is what it is if you remember at the beginning of this video i mentioned the apy
was around 95 when i started this a month and a half ago today at the time recording this the apy
is at 79 it's actually dropped in a month and a half quite a bit with just because a lot of
people are staking in the auto cake pool i think we had some different people move over from farms
into auto cake just because they kept the rewards to farms uh in half or i don't know they cut it
by a decent amount maybe some people filtered into autocad from there maybe just more people
are using the autocad pool that were holders of cake at the beginning of my journey the apy was
going down as the price was going up but currently the price is about the same when i started the apy
is much much lower so i don't know where these extra people ended up coming from but in general
79 is still a crazy amount to you know be making so it's not like i can really complain about
only making 79 percent when traditional stock market they're like stoked when they make 10
but i know a lot of you are wondering is now a good time to still jump into auto cake in general
like i don't give financial advice on this channel or tell you guys what to do just because i don't
know your guys situations i can only share what i personally am doing or what i personally would do
i'm personally lowering the amount that i have in autocad but i'm still keeping a decent amount
in auto kick and if i had to start over today i'd still put money into auto kick just because i like
the pancake swap platform i love what they're doing i feel like they keep making smart move
after smart move and i could see this platform continuing to grow and like i mentioned 79 might
not be 105 like it used to be or 150 like it used to be but it's still a lot of money and over the
last two and a half months i've gotten pretty consistent gains from auto cake so i'm willing to
keep doing that for the near future i am testing out an alternative way to use autocad it's like a
different platform that allows you to connect into autocad but it uses a specific farming strategy to
produce extra income so you can actually produce a much higher apy i'm not ready to share that yet
or talk about it yet but i'm getting ready to do an experiment where i'm going to put a certain
amount of money on auto cake and a certain amount of money using this farming strategy and just see
which one ends up producing higher yields overall over the course of a month if you haven't watched
my video on the pancake squad nft collection coming out on pancake swap you should check it out
because i'm pretty stoked about that launch it's going to be really really soon so you're going to
want to get set up for that if that's something you're wanting to jump in on and i'm really
excited overall for the future of pancake swap and just what they're going to continue to do
and how they're going to continue to innovate i think it's going to be a fun you know wild
ride for anyone that's like participating let me know in the comments if you have any questions i
genuinely try to go through and answer everyone but i like keep getting more and more comments
every single day so it's like really crazy to try to keep up with them all i am kind of doing a good
job but i'm also falling behind a little bit so if it takes a little bit extra longer for me to get
back to you it's just because i'm just getting a crazy amount of comments right now and it's
getting difficult to keep up if this content was helpful and you want to see more content
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notified each time i actually release a video thanks for watching and i'll see you next week