Post
Topic
Board Altcoin Discussion
Re: Is launching a new project during bear market a good idea?? 🤔
by
Asuspawer09
on 09/03/2023, 03:25:28 UTC
FireDAO is a social DAO project based on PID and FID soul-bound accounts, and it's initiated and established by the RainbowCity Foundation. I'm one of the project team member and would like to gather more ideas from everyone in Bitcointalk forum.

I've seen alot of projects did so well during the bull market, but now I'm wondering is bear market will affect the progress of a new project...

Probably not, A lot of investor doesn't invest at these times since the market is down only a few investors have the courage to continue to invest because they probably not going to earn a big amount of profit since the market have very small movements Unless you have the funds to sustain your investment most of the time it will be a loss when investing on top cryptocurrency. Imagine putting funds into a really risky project that has a very small chance of success, most likely the community will be small at a bear market because the market lose a lot of volume and funds, and most of the investors will probably take a break since its the best thing to do after all.

I know some developers that start their own NFT projects and it is not a good start for them because when they start launching their project the market suddenly goes down and that really affects their project affecting investors, Most of the time projects will still earn profit or should I say the developers but most of the project doesn't continue and deliver, so I will avoid projects, especially in a bear market. Everything will skyrocket when the on bull run and that's the best time since investors invest a lot at that time.