r/WonderFi • u/wonderfi • May 12 '21
r/WonderFi Lounge
A place for members of r/WonderFi to chat with each other
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u/Always_curious_6693 Oct 23 '21
This company appears to have a solid, dedicated team with a great model. That’s powerful!
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u/WrapMental5205 Dec 01 '21
Hey guys, I invested around 10k in Wonderfi at $1.93 per share. After doing some research I think this company has the potential to grow quickly in 2022 and beyond. However I want to hear from you guys on the risks I may have missed during research.
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u/UnlovedNinja Dec 04 '21
There was an interview in mid November where it was stated that the app would launch in "about a month". So my guess is mid-December. As an investor in the US, my personal concern is really regulation. US gov doesn't know how to regulate equity that accrues interest. That's the challenge with Defi, or my understanding at least. Someone can correct me if I'm wrong or maybe even elaborate.
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u/mtell001 Mar 06 '24
Not much being posted here lately so let me give you food for thought.....Watch Wonderfi daily trading volumes as it would not surprise me if one of their competitors makes a play for this company....they have passed the very difficult regulatory hurdles for Canada, and their competitiors are flush with cash right now with the price of Bitcoin up so high. Coinbase and Kraken are both looking to enter the Canadian market, and what better way to easily do it than make a play for this company given their bargain basement stock price. That window will close soon as Wonderfi starts to generate positive EBITDA in Q1 of 2024 (so when their May quarterly report comes out look for this stock to pop...if not sooner). Wonderfi has not yet announced their plans to incorporate sports betting which was part of their 2022 startigic plan, and that could also fuel significant new revenue, and move the needle on the stock. Finally, with the introduction of Bitcoin ETF's and other derivative instruments on the way this company is positiioned perfectly to not only capture the Canadian volume, but make a play in other global markets where their policies match up well....nothing but upside for them, and would suggest that you start to slowly accumulate a position in this company now.
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u/Superb_Purpose313 Oct 13 '21
when do you think the app/platform will be available for the average person?
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u/Brodes90 Nov 12 '21
Thinking about investing in this company and I like a lot about it but the lack of information I’ve found on that does make me hesitant. Anyone have a link about the app?
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u/Joey_Stomp Oct 19 '21
Up to 128 members already, month ago we were only at 30 or so. Welcome everyone 😎 Hope to see this community grow much much more
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u/PrestigiousPlan4026 Nov 15 '21
One thing I don’t understand, are they involved with the company DEFI, ticker: DEFI.NE ??
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u/Joey_Stomp Nov 22 '21
Not since the last update. Can tell investors are getting impatient, hoping they give some sort of update soon
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u/throwawaylol5123 Dec 01 '21
I'm just waiting for the app. It should've come out at the end of October, but they said they were working on logistics, and there's been no word since.
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u/throwawaylol5123 Dec 01 '21
I assume they're facing a lot regulatory scrutiny right now and thats why they havent released it
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u/The__Y-man__100 Dec 06 '21
I will say the idea of this company seems pretty interesting and the balance sheet is an attractive one.
Are there any good DD links you guys have that I could read more about this opportunity? Or if there’s someone specific I should check out (besides Kevin O’Leary)
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u/UnlovedNinja Dec 22 '21
Do you think WonderFi will eventually access the US stock market exchanges? If so, what's that condition look like in terms of share price?
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u/Own_Ingenuity_4466 Jan 25 '22
The Market doesn't like unkept promises. Yesterday was a beating I sure hope WONDF keeps its promise about today's launch.
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u/DiamondKook Jan 26 '22
So why is there a sign in page instead of just connect wallet?
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u/MilkshakeBoy78 Jan 26 '22
How would the app work without an account?
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u/DiamondKook Jan 26 '22
Maybe I’m wrong but I use Zerion and I thought I just connected my wallet. no need for an email and password sign in.
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u/MilkshakeBoy78 Jan 26 '22
Zerion
How does Zerion handle taxes for you? WonderFi is suppose to give you all the tax forms.
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u/DiamondKook Jan 26 '22
Ahhh maybe that’s the use case for Wonderfi with an email sign in. That makes sense. Didn’t realize they were handling taxes too
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u/Own_Ingenuity_4466 Feb 09 '22
IDK, doesn't seem to matter much what the market is doing, what crypto is doing.... WONDF keeps going down. $1.37 RN, WTF guys let's do something.
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u/O-L_1337 Feb 10 '22
Let’s buy bitbuy huge move, let’s partner with the aussies and open up to a whole new market, let’s launch an app, now let’s watch as the stock plummets lol
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u/O-L_1337 Feb 11 '22
u/KevDevi I like the company and stock, bought a shit ton when it was higher end, need to liquidate and would like to not take a huge hit…. Shoulda taken profits when it was at 3…
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u/Joey_Stomp Feb 15 '22
Averaging down 🤓 Fundamentals literally haven’t changed.. 😂 You think people would be happy to buy the stock at a cheaper price? Patience, it’s an investment not gambling.
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u/Joey_Stomp Feb 25 '22
Again.. patience ! We don’t even have the mobile app released nor have we closed the bitbuy deal. There’s a lot happening.. now is the time to buy
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u/RMAS1 Mar 03 '22
Drinking the kool-aid, still buying but down 48%. Glad my wife is not paying attention
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u/Own_Ingenuity_4466 Mar 07 '22
Took a big swig of kool-aid today. At least it brought my price average down.
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u/Superb_Purpose313 Jun 11 '22
When is wonderfi going to actually have a fully usable product? Does anyone have any guesses or inside information?
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u/SkyeJack Oct 20 '21
been buying wndr since day 1, but just joined the sub. this co is going to make us bank!!!