Post
Topic
Board Altcoin Discussion
Re: Is launching a new project during bear market a good idea?? 🤔
by
nara1892
on 11/03/2023, 21:16:20 UTC
Project managers may need to create a strategy that is appropriate for bear market conditions. These strategies can include a number of things, such as cutting costs, collaborating more, reducing risk, providing flexibility, and so on. If, with good planning, the project can be structured to grow and profit even in a bear market, it may be a good idea to start a new project. However, it is still a higher risk than in a bull market.
Not all new projects dump during the bear season, some survived during the bearish market and dump during the bullish. Innovation of crypto projects during the bear market is actually a terrible idea because there's more risks to be nailed higher chances of funds losses. However I totally concord with the fact that new strategies needs to be implemented in the market inother to control the risks involved. I'm definitely studying every single day inother to gain lengthy experience in the market and how it operates entirely.
Indeed in this case not all but most will be like that. The current condition for a new project is clearly a bigger risk than an old project, even though it's good from a management point of view, but when trying to keep pushing with the current timing, it's clear that this will be a very big risk, I think, because in conditions like now, with the storms constantly crashing the only risk is that the first two of us are carried away by the storm and the second we can survive but the conditions are bad. I think this needs to be thought through carefully.