Enter MF SMOL

I joined the TreasureDAO ecosystem some 4 months ago. Up until then, I quietly watched from the sidelines as I slowly saw more and more of those pixelated monkeys with big brains pop up as PFPs on my Twitter feed. Having been around the NFT space and on CT (crypto twitter) since last year as a similar instance occurred with BAYC, I knew better than to just watch this float on by.

Thus begun a plunge into the ever-expanding rabbit hole that is TreasureDAO, Smolverse, and the supporting ecosystems built upon the foundations of the former. I spent a week or so reading the TreasureDAO Documents to understand the ecosystem and the building block of it all that is $MAGIC. Since my wallet size is not size, I opted to mint my recruit and begin my thrice daily obsessive claiming and questing of my recruit. Throughout that time I began exploring and connecting more on Twitter which lead to me discovering the start of many Smol derivative projects and other cool things that were just getting started at the time. (S/o @nokaprich for the alpha on RealmDAO)

The timing of this all coincided with the giga-pump $MAGIC had to ATHs. I made my first buy’s of $MAGIC at around $3 and bought up into the $5 range during this exploration. I made many stupid purchases such as buying a Witch’s Broom Treasure NFT for 169 MAGIC at the aforementioned prices and buying up small quantities of consumables at peak pricing as well. (That was a double mistake in that I bought at high prices and wasted so much AETH on transactions for 5 or less of an item.)

I take my L’s on the chin and continue to dig deeper throughout the decline from ATHs. Through participation in every Discord or Twitter giveaway I could find, I amassed somewhere around 15 WLs for up-and-coming projects on Arbitrum or in the greater Treasure universe. The excitement from that was very fleeting, however, as the war in Ukraine sparked the beginning of tumultuous market conditions globally and $MAGIC was slowly dipping down. I must say, that while that hype diminished, my conviction and long-term belief in this ecosystem is unwavering. Hence this article!

So Now What?

As of the time of writing this article, $MAGIC is sitting at around $0.70 and the crypto and traditional markets at large are in maximum fear/panic. Many who bought into the Treasure/Arbitrum vision like I did have sold their holdings in an attempt to not lose it all with the current market conditions. A lesson that everyone will learn after enough time in the market rings incredibly true here: If you have true conviction in a project, its community, and its leadership and the only thing that has changed is the price of the project, there is no logical reason to panic and dump. In fact, this is the time to double down on your convictions (if you have the dry powder to do so, of course) and lower your overall cost basis. And in the instance of the TreasureDAO leadership, the individual leadership of the many projects in the ecosystem, and the incredible community at large, my conviction is rock solid.

Like I said earlier, I have the bulk of my buys closer to the ATH than anything else. So as soon as I saw $MAGIC under 1 dollar, I took advantage and began buying in chunks lower and lower to bring my overall cost basis down MASSIVELY. Now that we are hovering within the 60-cent range, I will continue to deploy whatever capital I have and stack MAGIC. I am not a TA expert and cannot tell you what my target for the bottom is. But here is how I look at it: If I believe $MAGIC is truly a double-digit or triple-digit coin in the future, where I bought at vs the true bottom (a matter of cents) with my ‘not size’ capital will be meaningless since a sub $1 buy on $10+ coin is still a 10x nonetheless.

End Scene

I understand that for many people, newcomers and veterans alike, the current market conditions and community mindsets can be heavy to bear the weight of. If you are not a long-term investor, capital losses like what most everyone has seen in the past weeks truly hurt. To those that are burned, hurt, or upset with the space: please take some time away from the screen and away from the internet semantics. Your physical and mental health is far more important than any JPEG, P2E Game, or WL for “The Next BAYC”. Money can be made again, there will always be another innovative coin or project to ape into, but you only have 1 life and 1 body to treat with love and care.

If you plan on sticking around, I look forward to seeing you around the space as we all continue to build. These markets are where true communities and friendships are built, not to mention the age-old adage: You make money in Bull Markets, you get rich in Bear Markets. Take this time where it is not action-packed every single day to learn about blockchain technology (if you aren’t versed in it), and expand your knowledge on DeFi if you do not have much experience in it. Get out of your comfort zone!

I will leave you all with a quote that has been helping me through this time, and I hope it can do the same for you: “EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEeeeeeeeEEEEE!”