Post
Topic
Board Altcoin Discussion
Re: Bear Market Can Be A Waste Of Time or Useful Depending on How We Approach It
by
KaliLinux
on 29/10/2022, 06:26:51 UTC
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.

Firstly, people that leave the market just because it is bear season never really knows or understand why they came into the market in the first place because, Bear markets are when you have the opportunity to buy at a low and if they don't understand this, then I don't get it.
Not every new project will fail immediately in the Bear market. We have seen projects that launched in the bear season and still made it through, I believe if the Devs truly knows what they have and are offering and chose to launch during the bear market, they must have done all due diligence and most that fall are usually scam projects anyway.