Hello i just want to ask if i you guys also notice when the bitcoin rise there are also a lot of new projects come out and if bitcoin fall there are only few projects build, is it because some projects developer notice that most of the successful projects are build in bull market and most of the projects build on bear market are failed? Or they don't care about bull and bear market and they build thier project because the time is already been set?
That is just an old story. new projects will be making so many people throw their money easily. I guess that if it's also triggering scammers to come up with scam projects as well. There are also so many successful projects built during the bearish market. It's all depends on the project developers. The bullish trend was just giving more demand to the project. The new project found how easy to attract money to come in during the bullish project compared with the bearish market.
It's caused by there will be many people interested to doubling or tripling their money easily without needed any effort by investing into the new project but the problem is there would be so many people who had zero knowledge tried to inves blindly without doing any research before.
This is inevitable. Money grabbers are everywhere and people who are creating projects in the middle of the trend are the one I'm identifying for money grabbers. Majority of those projects isn't capable of surviving the bear market or not sustainable enough to reach another bull market and the worst is some of those projects are being rugged or abandoned in the middle of bull market. This is why I have more confidence on projects that has been built during bear market because they have a sustainable and a higher chance to grow during the bull market. Remember that most of the projects that has more value is the projects that had been made before bull market.