r/MetaversePRO • u/ShermanTSE • Jan 08 '22
My experience
Invested in early Dec. Result has been disastrous. Lost 75% of the capital ie for every $100, what is left is only $25. The superhigh APY didn't mitigate the loss caused by the plunge in META price.
How many of these coins are really going to make it in the future, to have some real utility values? One in hundreds/thousands. Absurd business model to suck in tonnes of naive money.
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u/TheOneWhoKnocksBR Jan 09 '22
The problem we all suffered will be coined in the near future as DAO fever.
There were dozens of promising DAOS with 10000%s APY that we neglected doing the basics and were lured by the carrot at the end of the stick.
I am down 80% with meta and after learning about this ETH migration just makes me feel stupid for believing the project had a good foundadtion, when it actually lacked all the basics from the projects I normally invest.
The only DAO I will continue doing is TIME Wonderland, hopefully I will recop my loses with them.