- The price of Time Wonderland has pulled back
by almost 60% from where I originally invested
and I'm getting a lot of people asking me the question,
Kris, do you still think Time Wonderland
is a good project to invest in?
And although I can't answer that question for you,
today I'm going to be showing what my portfolio looks like
after 50 days of investing,
I'll be covering key updates across the project,
what caused the price to tank,
and what do I plan on doing with my current investment?
And be sure to stick around to the end of the video,
because I'm going to be using the Wonderland calculator
to play out a few different scenarios,
and I'm going to be answering the question
that I'm sure you've been dying to know,
how much do we have to invest now to get our first Lambo?
Let's get into it.
(upbeat music)
What's up guys?
My name is Kris and on this channel I cover all things
online money and passive income
and welcome back to another great day in crypto.
Except that project Time Wonderland is down
and what exactly is going on here?
And anytime Bitcoin pulls back,
it usually drags other projects with it,
but that's just surface level with this project.
And let's dive a little deeper.
Except in this case, there were quite a few liquidations
from people who are using their staked MEMO to borrow MIM
and MIM stands for Magic Internet Money,
which is the collateral used on your MEMO
for taking out on a loan.
And liquidations are caused when a price
of a project drops too quickly.
And the site borrowers are using to get MIM
for their MEMO is Abracadabra Money
and buyers positions are being liquidated
causing Abracadabra to sell the MEMO back on the market.
And this causes the price of the project to lower.
And when that happens, more people get liquidated
and it's this cycle that just keeps happening.
Now let's go ahead and look at my Time Wonderland portfolio
and see how much I have after about 50 days of staking.
But before I do that,
if you do like videos about making money online
and passive income, be sure to like and subscribe.
New videos coming out every single week,
And be sure to check out the Discord and Facebook group
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Also, disclaimer, I'm not a financial advisor.
Be sure to do your own research before investing
into anything and only invest what you're willing to lose.
Now, when I started investing into Time,
I went ahead and I put in a little over $13,000.
And as of right now, I have a little over six Time.
And the price of Time is at $3,000.
This means that I'm up roughly about $5,000,
despite the price of the project going down more than 50%
from when I originally invested.
Now, as of right now, I have three options.
I can either buy more Time.
And the pros to this is it lowers my cost average
in my original position.
The cons to this is,
is that you're not diversifying
and you're just doubling down on a position.
And it's something in this case I'm not going to do.
Option number two is I can sell my Time
and I'm definitely not selling my Time
with the price of the project being this low.
And the third option is you can just hold
and continue to stake.
And this is what I plan on doing.
Now, when looking at the macro perspective uptime,
it could go down to $2,200 if BTC continues to lower,
but I'm still going to hold and accumulate that MEMO token.
And the Wonderland project itself
has over 250,000 different wallet holders
making it the largest dow.
And in the book, Angel by Jason Calacanis
on angel investing, one of the things he mentions
is investing in people and not projects.
And this is a theme I like to take in my investments
within my crypto portfolio.
And I really like the founder, Daniele Sestagalli.
And Daniele Sestagalli is the founder of Popsicle Finance,
a DeFi protocol for liquidity on the AVAX Network,
offering investors the ability to stake for rewards.
And then there's Abracadabra Money,
which is a lending program that uses interest bearing tokens
as collateral to borrow stable coins.
And this is huge because it allows users to access staked
or stranded capital to leverage
with inside yield farms, increasing liquidity.
And the reason I bring this all up is
because it comes full circle to Wonderland Time.
And Time aims to be the stable coin
which is backed by the assets on these networks,
MIM, Time, AVAX, et cetera.
Now, at the end of the day,
this project could fail and your money could go to zero.
But for me personally, I don't mind holding
because it's something that I believe in.
And there has been some controversy within the community
on the Treasurer, named Sifu on how he was spending money
so much so that they took a poll
on whether or not to keep him.
And it was overwhelmingly in his favor.
Now let's go ahead and play out some scenarios
on the Time Wonderland website.
And this is something I recommend everyone to do
before they go ahead and invest.
And let's say we want to go ahead and invest $5,000
at the current price of $3,000.
And the lowest APY since I've been invested
in the project that I've seen is a 70,000% APY.
So let's go ahead and plug that in to be conservative.
And then let's pretend that the price of Time
were to go down to $1,000.
Now, as you can see, after 120 days, you will have $14,000,
which means that over the course of those four months,
you've made over $2,000 in profit per month.
And this is the secret key to crypto is being patient.
And that's why I always say invest money you're willing
to lose because when you're willing to lose that money,
there's no urgency there.
And that's why I always tell people when investing
in crypto, it shouldn't be your main source of income.
It should just be a source to grow money
that you're already accumulating like a bonus factor.
Now let's go ahead and play out another scenario
where Bitcoin goes back up,
bringing Time Wonderland back up with it.
And let's say Time reclaims
that $7,000 price point it was at.
That means after four months,
that original $5,000 investment will be worth $98,000,
which means that you've profited 95 grand
on just a 5K investment.
Now, will this happen?
I don't know. (Kris laughs)
And as I told you, I was going to play out the scenario
to see how long will it take for us to stake Time
to get our first Lamborghini.
And you can see at the current price point of $3,000,
it will take 216 days if APY and price stay the same
for us to get our first Lambo.
So cheers to all you future Lambo owners out there.
And for anyone who doesn't know me, I'm being sarcastic.
I really don't care about sports cars,
but for all of you who do, there you go.
And at the end of the day,
we don't know what Time Wonderland
or the market in general is going to do,
all we can do are try to make the best rational decisions
we can as investors.
And if guys, if you do like videos
about making money online,
be sure to check out my other playlists,
one video a day will go farther than you think.
Thanks guys for watching.
Like and subscribe for more content like this
and I'll see you next time.
(upbeat music)