Post
Topic
Board Altcoin Discussion
Re: What a bear market actually looks like
by
caddywampus2001
on 11/05/2022, 21:20:57 UTC
Honestly speaking, if you are in crypto and you can't be able to face the bear market, then it is really sad to say that you are not compatible for crypto profit too. I survived the 2018 bear and now I am still in crypto because I am used to it. But you mention one more thing, which is about meme coins and shitcoin. You mention that this type of bear market destroys the shitcoin and meme coin, which is really a sad reality because it shows the projects' exact power. But, in my opinion, meme coin and shit coin are just short-term trading coins that are not compatible with altcoins. That's all there is to it; don't invest in meme coin or shitcoin for the long term because the bear market will destroy you. my opinion. Thank you.

You are right. Bear market is only for utility  coins that have real demand. So, bitcoin is store of value and then i focus on privacy coins as they are being used. The thing with monero is that there is already a lot of speculation and greed into monero so it might tank. Zcash is dead already. That is why I got into a new privacy coin that might be a monero killer. There was an asian guy on this forum announced a new privacy coin totally new that is impossible to trace. Once it gets exposure real demand will follow and required by a lot of folks who need it.