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...
I don't know about your project as well as I have yet researched about it.
In general, bear market is toughest time as investors have their net-loss and their mentality can be very weak, sensitive and stressful. With such negative conditions, they are less likely or nearly impossible to think of investing more. Maybe many of them no longer have capital to use for investment in new projects. With those people, you can not attract them to join your new project.
Bear market is for builders and we have some lessons that a good team can build up good projects in bear market that will gain great success in a next bull market. A most classic lesson from 2020 bull run is Axie Infinity.
Indeed, bear market is for builder. Our team didn't expect anything much during such period but we did put alot of efforts on building our project. Thanks for your kind word as I also foreseen that alot of solid project that did well during bull market took years to build before they go success.
But what I'm curious the most is during bear market like now, most investors will just do nothing and wait till the next bull??
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...
Without a doubt a bear market can reduce the support the community could bring to your project, however if you are really convinced that your project is unique and it has something to offer beyond hype then the bear market is not such a big problem, as eventually the community will find about your project and support it, over the years there have been many examples of good projects which were released during a bear market and they still did well, and by the time the bull market came the project finally skyrocketed.
Being confidence and patience is the key I guess. We do believe our project has our own uniqueness. But we will only find out if the project will skyrocketed or not when the bull is back. I believe you're very experienced in the market and perhaps you can suggest what can we do during bear market? What usually investors are seeking during bear market?
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?
