 Rebasing dows are dead. I know that this might be an unpopular opinion, but that's how I feel right now Maybe it's that they only work in bull markets. I don't know but in the current market structure They simply do not work Sure, they might have half a billion dollar treasuries and half a billion dollar market caps with quote-on-quote guaranteed backings with 81 AP wise but guys, that's just their marketing scheme to real listen We have been bamboozled all those impressive numbers do not pan out for the community Like you and I the people at the top the creators the people actually running these are becoming Millionaires, but the people at the bottom like you and I the people actually holding up These dowels we're the ones losing. So is it time to face the music and take our losses and move on? Or should we stick around to see how things play out? Let's dive in and take a look at it So of course, we're gonna start out with the og of the rebasing dowel space Which is of course olympus dow olympus dow is currently promising 1,054 percent ap y of course this is constantly changing They currently have a market cap of five hundred and eighty eight million dollars The ome price is at sixty one dollars and the backing per ome is at fifty five dollars, which is very interesting Treasury assets have five hundred and twenty one million and their runway available Currently sits around six hundred and thirty five days if you pull up the chart from its all-time high Which was set at around 1,366 back in october to where we are now. We're currently down about 95 percent if we look at the high from the last run to the top in october 14th, which was around 1,366 We're down 95 If we look from the time that I got in was around here was around that 250 area I am down 92 percent even with all my dollar cost averaging Which I ended up averaging out my price to around four 23 that puts me down About 85 percent and if we just look at it month by month, you'll see in december It went down 63 percent and then in january it went down 79 percent and my favorite chart to look at here is just this red waterfall. This is 14 Weeks in a row of the price just Dropping the funny part is that ohm didn't even have that seafood drama yet They're down more Then wonderland time wonderland's only down 86 percent. Ohm is down 95 percent with no drama I have officially pulled out my investments from Olympus Dow because I have watched this for 14 weeks straight Just drop I've watched the backing price Continue to fall lower and lower and lower. I mean the the backing price could eventually go all the way down to one So just because there's a backing price I've learned that that really doesn't mean anything the price will still fall below it And then the backing price will drop lower than the price again will fall below it and the backing price will drop lower Price will fall below it and the backing price will drop lower And it's just a continuous loop where we are essentially chasing our tails and Trying to catch something that we will never catch if you judged by their twitter You would think that they were doing amazing, right? They dropped a new action plan to have new partnerships An educational series more partnerships more partnerships Great communication on everything that's going on more partnerships more bonds and partnerships And just basically non-stop, right? If you just continue scrolling you will see non-stop partnerships bonds incubators all sorts of Great communication basically everything the opposite of wonderland yet We're still down 95 percent. We still are down 79 percent in january alone I honestly think it was a pretty creative Experiment, but it obviously does not work. Sure. It works for them for the platform But it doesn't work for the community doesn't work for us according to my calculations here if I were to leave my money in olympus if To big if the price stayed the same I would be break even at the end of july the start of august So basically six to seven months to break even plus the time I've already spent in the protocol Nine months to break even of course if price goes lower That means I would have to wait even longer if price went higher Then of course this would be a shorter time But does anything on this chart convince you or make you feel confident that the price is going to go back up Price has set new lows and is now in price discovery It's backing price is currently at $55 and I'm pretty sure we will see $55 and below soon Then the backing price is going to fall even lower and it's just going to continue with that loop Now you can pretty much say the same thing About the majority of these wonderland has the same issue You know regardless if you're looking at w memo, which is supposed to be more stable It's down 86 or if you look at time, which this year alone is down 92 If we measured it from its all-time high in november, it's down 97 So in this one anyone that's invested in it is underwater at this point The only people that have made any money in this are the people running it They've promised airdrops. They've promised all sorts of things that just have never happened. They have terrible communication They wanted to shut the platform down just so many issues with with this protocol, right? And this one is down basically the same as olympus dow, which has had no problems How about hector dow that promised so many things to start off the year, right? Well, that's also down 96 percent year to date alone. It's down 66 percent. So what happened there? Who knows how about klima? Well, this one's down 98 percent I don't even know if it's still a working dow to be honest And the list just goes on and on and on for every rebasing dow that you pull up So to me, this shows me one of two things, right? Either one it just plain does not work There need there needs to be changes Something has to be altered or people just shouldn't be investing in this or two It only works in bull markets It only works when prices across the board are going up because without the constant money coming in the house of cards Collapses so currently for myself. I pulled out my investment out of all dow projects except wonderland It's the only one i'm still in because we're still under the backing price I'm holding hope here that the price goes back up to backing price and then that I can get out at that point But I've been watching this backing price fall Lower and lower every single day a few weeks ago. This was up over $50,000 then it dropped to 40 and now it dropped to 35 and the memo price is at 19,000 So if I can at least sell my position for this backing price, I will happily get out of it cut my losses at that point Basically 70 loss. So that's the only reason that I'm still in this position There's just been so much going on here And this is definitely the dow that I do not want to be in but I am stuck Right. So the only reason I've held so far is because we're still way Below the backing price. I'm hoping that they buy back and get the price back over 35,000 at that point. I am probably getting out We will reevaluate once it gets to that But that is the only dow that I'm still currently invested in so let me know your thoughts guys Tell me what you think about these dows are the rebasing dows dead I definitely don't recommend anyone putting money into them right now Because even being under the backing price doesn't mean that it's going to get back to the backing price And even if you're buying at the backing price like Olympus, for example Doesn't mean that the backing price is not going to drop even lower I am personally tired of running in circles chasing my tail So I am trying to pull out of all of these projects as soon as possible Thank you guys so much for watching this video. If you enjoyed it, make sure to subscribe Turn on notifications and smash the like button Tell me your thoughts in the comments below if you agree or disagree with me We are of course all entitled to our own opinions I can only speak from my own perspective my own experience And if you have any other questions, of course drop it in the comments Thank you guys so much for tuning in. I will see you on the next one. As always peace and love