Quote from: SquallLeonhart on January 20, 2023, 12:58:23 PM

Quote from: KingsDen on January 17, 2023, 12:09:53 PM

You stated it well. One of the cons of this correction is the emergence of some scam coins. As we all know that the bear market period is a period of cleansing of the market whereby the projects that are scammy and doesn't have based will have to die off.

The cleansing has lasted for long and some few scam projects which didn't die off completely have been watered this correction and also project owners who have been working on projects may see this correction as the right period to join the market.

Well cleansing took this long because we have been in a big big bull market where some scam projects were at millions of dollars and they did increase like crazy, some of them weren't even "scam" but just a hype that they wanted to ride and make some money, like shiba and similar stuff that derived from doge.

Just because Doge got some attention (that it shouldn't get) they created some similar meme projects and these were not scam, but they were made to make owners richer that's for sure. This is why I believe that we shouldn't really care about anything regarding this issue, we should be focusing on making a bit more money in the long run for sure with solid projects instead.

I agree that it has been a while since the market has changed, and I think it's definitely going to be something that we should be careful about. It is not that much of a big deal now that we are on the bull run, and it has been looking good. But when the next bull run comes, I really hope that people would end up seeing something that is a lot better.

This is basically what we need to be look out for, do not put your money into things that you wouldn't want them on bear market. I keep them at good things, and even if I ever invest into something that is shady looking, I end up holding it at max 1 week, there is really nothing that would be good at bear run that would be bad at bull run.