Post
Topic
Board Altcoin Discussion
Re: Is launching a new project during bear market a good idea?? 🤔
by
Jackl87
on 09/03/2023, 21:58:29 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...

On one hand i would say, that if your project is really good with a real use case and so on, then i think it would do fine even in a bear market, but to be honest i am not to sure if that really is true. I think the crypto market is still 90% based around hype alone. During a bull market even the biggest shit projects are pumping while in a bear market even good projects can have a really hard time to survive.
So i think it would definitely make sense for you are and your partners to postpone the launch of your project a bit. At least until the heavy dumping is over and the market seems to be at least a little more stable. I wanted to take part in a public sale of a project today and they also postponed it because of the overall market conditions.