Quote from: Asuspawer09 on Today at 04:19:33 AM

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Quote from: Asuspawer09 on March 09, 2023, 03:25:28 AM

Quote from: FireDAO CY on March 09, 2023, 01:02:58 AM

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.

Thanks for your comments. I have a question then. If we only prep and launch the project during the bull, don't you think it will be a bit slow as thousands of projects will be launched at that time as well? I do agree the community shrinked alot compare to during the bull market, but in bear market when there are not much projects going on, the chance of standing out will be higher. Or in another way, when the bull is back, people will have more confident on the project that already built for a period. Don't you think so?

The bear market gives the founding teams of many new projects more time to refine their products and codes. As I said in the quotation, if few people participate in it, this project will also have good results. The era of big data is accompanied by fan economy. Spend more time and energy on community building during the bear market, which I think is a very necessary condition. But as 90% of the participants in the digital currency industry are speculators, who can calm down to learn various concepts and trends? Do you all agree with what I said.

It is a good thing if you prepare and launch the project during the bull run but of course, it could slow down your projects when projects launch at the same time, most projects will avoid launching at the same time as some of the small projects to avoid getting overpowered by the bigger project, I mean investors don't really have all the money in the world so if they are going to invest at the same time they are going to invest to projects that have a big hype on the community since it has a higher chance of getting a good profit.

You have a point of having a chance of standing out but the community is just so small at a bear market, so in my opinion, comparing the possible profit that could earn on Bullrun vs bear is enormous in my opinion. I personally know developers that launch projects that didn't go well on the bear market standing out and delivering what you promise is not an easy job so standing out is not enough if there were only a few investors that are going to invest. When the project fails or didn't get that attention it's always difficult to recover even when the bull run is back.