Post
Topic
Board Altcoin Discussion
Re: Bear markets are a time for building, development and research
by
posi
on 29/06/2022, 04:14:19 UTC
I saw a thread suggesting that new coins will bring big profit. This is true, however, these new projects that might bring big profit are harder to find during a bear market. This is not anymore a market where you can buy the most stupid coin similar to memecoins and profit 100x. This time we need to do more research on the project, what it does, the tokenomics, how much coins or tokens are issued and how much are emitted daily, weekly or monthly and the development team, if they are good and if they have enough funds to develop the project all throughout the bear market.

Also, it is important that you should not be wasteful with the money, bitcoins or stablecoins you have left for investing. The market might be bad for months, years or longer. Be cautious and do the research. Invest in good development teams.

I fully agree with you. I think I've found a memcoin like this recently. Of course, everyone should do own research, but it seems that the team and the community are very sensible about the market situation. In my opinion, this is a good time to buy just such a memcoin, because even if the prices on market will drop, the price of this token cannot, because it is only at the very beginning, and when the bull run starts, its price will certainly increase along with the entire market.

https://www.pussdao.com/
In my opinion when the market drops we should focus on bitcoin, top projects, projects that already have products and utilities.
Meme projects are just tools for hype, and this usually only happens during the bull season, a bear market is not a good place for it to thrive. Because we can't tell when the sale ends so buying the meme now is like gambling. the price of this token does not fluctuate too much because its trading volume is small and is of interest to many people.