During a bear market, almost every new project is going to fail immediately.
The funds required for the startup to begin will not be there, investors will not fill the presales, and scams will rule.
What could have a small chance to succeed, now has zero.
It takes backing from big exchanges and connections with investors for a project to succeed.
Having said that, I never stopped looking and will keep investing during the bear market appropriately.
But for anyone that considers leaving, know that this market will reward those that stayed. It is the time to educate yourselves.
I've seen even silly spammers changing their ways and realizing there is a lot more everyone can offer by changing their ways.
For now, it is the time we count losses, but also we strengthen and rise to the challenges we face.
Besides the new cryptocurrencies, from my perspective, I'd look more at cryptocurrencies that hold utility, keep developing and have a serious community.
I fully agree with you. This is what each bear market is characterized by. Unfortunately, he would have to come to terms with the fact that the cryptocurrency market is very volatile and losses are part of this business. We also know from history that in long term is a profitable investment, so we just have to wait out the bad moment. We can use the waiting time to look for new gems. I think I found one - take a look on
www.pussdao.com