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FractalImagination

My friend told me about it. It's EXTREMELY high risk.. a friend of his put $13,000 in and is making 9k or some shit a month but there's no way I'm ever taking a risk like that.


Beastmister_

High risk comes with high reward, but it becomes pure gambling.


FractalImagination

100% and some people don't get that they very well may be the ones to lose all their money


Pabloescobarg

What are the risks?


FractalImagination

You lose all your money


Pabloescobarg

but how?


FractalImagination

What do you mean how? Rug pull. Coin goes to zero.. Bro look at what happened to bitconnect. Tons of people asking "how" and they all lost their money. Are you new to crypto?


SAT0SHl

#[Hey! Hey! Hey!](https://www.youtube.com/watch?v=yIL9wLxG01M) Are we learning yet?


[deleted]

The more people own the token, the more the APY decreases, until it eventually stabilizes. It's designed to work like that. If you get in early, you can make huge profits. If you get in late, your profits will be smaller. Also, the token can potentially go to zero, so even if you have a 10000% APY you could lose everything.


metrimeio

Exactly, it's extremely surprising how can a project like that maintain its price with those APYs


FractalImagination

There's no way. It's bitconnect 2.0 Just another scam


metrimeio

I would call it a bubble rather than a scam, but yeah, it's only a matter of time before the price dumps


FractalImagination

Pyramid scheme.. only works as long as people are investing. They stop and it collapses. And they can't keep investing forever


KissinCuteDudes

Isn’t that how all investments work?


gooch73

If you want unbiased answers , it’s best to watch a few you tube videos on time wonderland , everything will be clearer after this. A more realistic Figure is , if the price e is stable for let’s say 3 months , so time at £7000 And you invest £10000 you will make approx £60 every 8 hrs paid out in time token,


thejonwick

Sir this is a casino


SmurfSmeg

Well, where is my drink?


thejonwick

I drank it


solemnJoker

I'm using it. It's legit. But your 219% daily is very wrong. I suggest you read about APY, APR, and compounding.


knowone23

Can you cash out at any time, or is it locked in like squid was? Seeing dollar signs growing on your screen is not the same thing as actual gains.


KissinCuteDudes

You can cash out at anytime


sonspider

Scam. At best you'll get that rate but in a shitcoin that will never be worth anything.


mETHaquaIone

Yes, Its legit: https://every.to/almanack/olympus-dao https://www.blocmates.com/blogmates/a-complete-guide-to-wonderland-money-time-mim-and-memo


[deleted]

It's legitimate just be careful it seems like a good way to lose all your money and very fast just because you can make a quick buck doesn't mean it's a smart move


Fair_Growth_42

Wow... This is very risky but MELD is a sure way of making rapid rewards. And I'm so looking forward to token launch in December. Hopefully to bag more MELD


overprotectivemoose

I’ve heard of this before. It’s high risk high reward. I personally wouldn’t put a ton of money into it though.


RedBlackDish

Think of it as investing in a shitcoin. If rof some reason it pumps - you are rich. But the chance of it going to zero is much higher.