Ninjastic
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Board Altcoin Discussion
Re: Is launching a new project during bear market a good idea?? 🤔
by
LogitechMouse
on 10/03/2023, 01:50:29 UTC
Quote from: FireDAO CY on March 09, 2023, 08:28:35 AM
Quote from: LogitechMouse on March 09, 2023, 05:52:53 AM
Quote from: FireDAO CY on March 09, 2023, 01:02:58 AM
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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...
It depends on your motives.

If you really wanted to bring a good project to the investors, it doesn't matter whether it will be a bull market or a bear market. Yes projects are going up and doing well in the bull run, but most of the projects after the bull market are either going down in popularity, the developers suddenly leave the project with no developments whatsoever or just turning out to be a scam project.

Bear market is for the developers who want to deliver projects to the investors. It's their time to develop, upgrade and make the project better. I've seen projects that are emerging in the bear market, but the problem is most of them aren't successful. Even those projects that have been created in the bull market doesn't guarantee them a success as well so I guess it doesn't matter whether you launch your project during the bull or the bear market.
Thanks for the precious opinions given. Quite agree with what you've mentioned, there's always project that failed during the bull market and also project that success during the bear market. My team will keep grinding and deliver the best out of our project. We've start to share and deliver the ideas about our project on Twitter https://twitter.com/FireDAOlab. Will continue work from here.
Yes that's the spirit.

Keep grinding because it will not be an easy thing to do especially if you have many competitors that are almost the same as your project is. As much as possible, try to be unique, and have something in your project that doesn't have with other ones. Starting on Twitter is a good choice since there are many users out there whose involved into crypto (though I myself isn't using Twitter at all Cheesy). You might try Facebook Paid Advertisements as well if you have some money to pay. At least that increase your exposure to your target market.

Good luck with your project.