What might occur on the next bear market - page 3.

fortuner

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Quote from: bbc.reporter on May 05, 2022, 08:53:19 PM

Quote from: Bitstar_coin on May 05, 2022, 08:55:55 AM

Quote from: bbc.reporter on May 01, 2022, 01:02:57 AM

@kidbounty. The layer 1 blockchain projects with strong communities are only Ethereum and Binance smart chain. I reckon if you still hold tokens in those other blockchains with weaker communities, it might be good for you to sell them now. Much of them will not be noticed on the next bull market where it will be the newer projects that will get all the hype.

Depending on the project team i would say selling just because the price is down and not because the team have stop supporting and developing the project is not such a good idea. those l1 blockchain you mentioned above aren't that bad imo, project like cardano, terra, avax, have strong community support and any project developed using these blockchains will not just die simply because the price of the market is down, except the dev team behind those project are not capable of pushing the project forward through the time of bearish market. if that is the case, then no harm in selling otherwise i don't think it is wise.

I am not certain how good Cardano is, however, there are users who mentioned that it does not work under situations where there are very many transactions. It was shown during the release of Sundaeswap. According to some social media comments, they had to wait for more than 24 hours for their swaps.

I agree that some of those mentioned might be good blockchains, however, the argument is the bear market and how this kills much of their ecosystems that causes users to move their investments out and send them back to Ethereum and Bitcoin.

Cardano is not widely used for transactions like bitcoin and ethereum, but on the other hand, I think Cardano is very suitable for trading because there will be profits in the gaps between rising and falling prices even though the market is in a bearish position.

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legendary

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Quote from: Bitstar_coin on May 05, 2022, 08:55:55 AM

Quote from: bbc.reporter on May 01, 2022, 01:02:57 AM

@kidbounty. The layer 1 blockchain projects with strong communities are only Ethereum and Binance smart chain. I reckon if you still hold tokens in those other blockchains with weaker communities, it might be good for you to sell them now. Much of them will not be noticed on the next bull market where it will be the newer projects that will get all the hype.

Depending on the project team i would say selling just because the price is down and not because the team have stop supporting and developing the project is not such a good idea. those l1 blockchain you mentioned above aren't that bad imo, project like cardano, terra, avax, have strong community support and any project developed using these blockchains will not just die simply because the price of the market is down, except the dev team behind those project are not capable of pushing the project forward through the time of bearish market. if that is the case, then no harm in selling otherwise i don't think it is wise.

I am not certain how good Cardano is, however, there are users who mentioned that it does not work under situations where there are very many transactions. It was shown during the release of Sundaeswap. According to some social media comments, they had to wait for more than 24 hours for their swaps.

I agree that some of those mentioned might be good blockchains, however, the argument is the bear market and how this kills much of their ecosystems that causes users to move their investments out and send them back to Ethereum and Bitcoin.

ethereumhunter

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Quote from: SistaFista on May 05, 2022, 08:10:51 AM

Quote from: stadus on May 01, 2022, 07:47:52 AM

Are we not in the bear market yet?

I think we are already in the bear market, and just like in the past, bear market is not something we should panic because it's normal, instead, we have to fill our bags so we will be ready by the next bull run. The market cycle is going to happen, bear market, then bull run, just believe it will happen and you'll be okay.

If we see a price lower than $20k, I'm okay with that as I would remain optimistic that bitcoin will bounce back and create a new ATH again.

I would say we are not in bear market yet, but it shows some signs that we are heading to bearish season.
For bitcoin price to hit $20k is possible, just like the previous bear market after bull run at the end of 2017.
So far, bitcoin value shows the proof that after bear market, it always hit new ATH price.

Hopefully, we are not in a bear market, considering the current price is back to a lower price than before. Let's hope this is a correction we're used to seeing before and won't last long. But if this is a bear market, we have to make sure that we are prepared and not panic and can use the moment to buy at the bottom. Hopefully, the price won't go below $35k and will stay at the current price so the price can have the opportunity to go higher.

Bitstar_coin

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Quote from: bbc.reporter on May 01, 2022, 01:02:57 AM

@kidbounty. The layer 1 blockchain projects with strong communities are only Ethereum and Binance smart chain. I reckon if you still hold tokens in those other blockchains with weaker communities, it might be good for you to sell them now. Much of them will not be noticed on the next bull market where it will be the newer projects that will get all the hype.

Depending on the project team i would say selling just because the price is down and not because the team have stop supporting and developing the project is not such a good idea. those l1 blockchain you mentioned above aren't that bad imo, project like cardano, terra, avax, have strong community support and any project developed using these blockchains will not just die simply because the price of the market is down, except the dev team behind those project are not capable of pushing the project forward through the time of bearish market. if that is the case, then no harm in selling otherwise i don't think it is wise.

SistaFista

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Quote from: stadus on May 01, 2022, 07:47:52 AM

Are we not in the bear market yet?

I think we are already in the bear market, and just like in the past, bear market is not something we should panic because it's normal, instead, we have to fill our bags so we will be ready by the next bull run. The market cycle is going to happen, bear market, then bull run, just believe it will happen and you'll be okay.

If we see a price lower than $20k, I'm okay with that as I would remain optimistic that bitcoin will bounce back and create a new ATH again.

I would say we are not in bear market yet, but it shows some signs that we are heading to bearish season.
For bitcoin price to hit $20k is possible, just like the previous bear market after bull run at the end of 2017.
So far, bitcoin value shows the proof that after bear market, it always hit new ATH price.

bbc.reporter

legendary

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Quote from: Daodex on May 04, 2022, 01:48:39 AM

Quote from: bbc.reporter on April 29, 2022, 09:12:05 PM

I reckon it might look very similar to the bear markets of the past where much of the other attempts of the old layer 1 blockchain projects have failed to help the growth of their ecosystems. Fantom, Atom, Avax, Terra, Algorand, Cardano might slowly enter obscurity similar to Nxt and Nem.

There will also be many failures of tokens issued in those layer 1 blockchain projects. The development teams of those projects might dump and leave the project or just leave and let the projects die. I also speculate that it might also be a similar occurrence in the NFT ecosystem. Teams will run out of money and leave.

Much of the gamefi ecosystem will also die with only a very few of those projects to survive. We are presently already witnessing this.

The projects that were created during the bull market will have their first token unlocks this year and next year which will cause more selling and dumping on their communities.

Also, the regulators will be coming and this will cause more fear and pressure within the cryptospace.

The idea is buying few of these projects at a cheaper rate, even if they fail to get to past all time high in future they will still appreciate in value and bring you profits, the advantage of be ar market is buying for cheaper price, I remember that Bitcoin cash never reach it's ATH of 2017 again but it brings profit to those who bought for cheaper rate in march 2020, the price isn't even up to 60$ and it got to 600$

We are not talking about how to invest in these projects, however. We are speculating on what occur to much if them during the next bear market. Were you around for the bear market the happened on 2018 and much of 2019? You check all the coins that were pumping before that and check where much of them presently are. I reckon you might be too young to remember NXT or NEM hehehe.

justdimin

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Quote from: Blowon on May 03, 2022, 01:45:22 AM

people will have two opinions about this, there are those who think the bear market is something that should not be feared anymore because cryptocurrencies are really growing well every year and the news that spread during the big bear in 2018 did not happen. There are also those who think that a good cryptocurrency every year will inevitably have bad things because it doesn't always grow well, I even prefer to support cryptocurrency to continue to grow every year as long as it can still produce.

I do agree with both of them though. I mean when we are dealing with such things, we just need to realize that bitcoin can't be always up and can't be always down. What we will have instead is the fact that crypto is something that will be going up and down and we just need to realize when it's down so we could buy some more and sell when it's at its peak.

I know it is very difficult to find the absolute bottom of it, and the highest it will reach, but if something goes down more than 30%+ then it might be time to buy some, and if it goes up more than 30% then it could be a good time to sell. It won't be bottom and peak, but it will be pretty decent level.

doomloop

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Quote from: Blowon on May 03, 2022, 01:45:22 AM

people will have two opinions about this, there are those who think the bear market is something that should not be feared anymore because cryptocurrencies are really growing well every year and the news that spread during the big bear in 2018 did not happen. There are also those who think that a good cryptocurrency every year will inevitably have bad things because it doesn't always grow well, I even prefer to support cryptocurrency to continue to grow every year as long as it can still produce.

Those that will think differently towards the bear means that they have been there before the last bear came out so they now know what to expect it but to those that haven't been here with us, they will feel nervous and afraid on their first bear market but like everyone else, this feeling can slowly be adjusted as the time passes by because they can gain more confidence in cryptos in the long run.

It's not the cryptos that grows every year but it was the number of crypto users because as you can see, we have years where the price remains stagnant and sometimes the bear can last for one whole year. Crypto prices still have an improvement overall.

LogitechMouse

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Quote from: kojektea on May 01, 2022, 11:08:19 AM

What I'm afraid of in the next bear market is if the 2018 bear market returns or is even worse in the future. Either way, crytocurrencies have always surprised me in a positive way so far, as they continue to rise from time to time, what if 2018 were to repeat itself does that mean we really lost cryptocurrency, or we have to wait a few long years back with the global crisis. I just hope that doesn't happen and try to take every moment to prepare.

There is still a chance that this will happen but for me, I don't think that will happen. The market cap of crypto at that time is lower that is why coins such as Bitcoin and others can easily go down as they have a lower market cap and can be manipulated easier. This time 2022, the market cap is higher so I don't think that what happen in 2018 will happen again this year since there are more investors right now and the mindset of investors in 2018 and 2022 are completely different.

In 2018, one big news can make the market go pump or dump. Now 2022, news doesn't affect the market anymore or if there is its effect is very little to none so for me I think that will not happen anymore.

In a bull market, projects emerge and most if not all of them will immediately go up because it is a bull market. However in a bear market it will be a complete opposite situation. Its a "survival of the fittest" time where those projects that can't survive in the bear market will just go down, get abandoned and die and those who survive will be the ones who will be successful and will see another bull market Cheesy

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ololajulo

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Quote from: kidbounty on April 30, 2022, 01:00:57 AM

Quote from: bbc.reporter on April 29, 2022, 09:12:05 PM

I reckon it might look very similar to the bear markets of the past where much of the other attempts of the old layer 1 blockchain projects have failed to help the growth of their ecosystems. Fantom, Atom, Avax, Terra, Algorand, Cardano might slowly enter obscurity similar to Nxt and Nem.

This is a plausible possibility. and only those who have a strong community will survive in the future, the rest may end up like EOS, stellar, Waves, or other smart contract projects that still survive but seem to be forgotten. What is certain is that the bear market will change the list of coins in the marketcap later. maybe then we will no longer see Fantom, Polygon, avalanche, or nft projects like Axie, decentraland and others at the top of the list.

This bear market came with few disparity in the adoption of crypto hype, if it was not Defi, NFT, Metaverse, meme or combination of two or more of the hype. It does not look like what will last few cycle. Polygon and avalanche came as Ethereum Killers, now they 60% off the previous ATH compare with 40% from Ethereum. Metaverse is a very big market that very few will benefit from base on the development, adoption and communities

Daodex

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Quote from: bbc.reporter on April 29, 2022, 09:12:05 PM

I reckon it might look very similar to the bear markets of the past where much of the other attempts of the old layer 1 blockchain projects have failed to help the growth of their ecosystems. Fantom, Atom, Avax, Terra, Algorand, Cardano might slowly enter obscurity similar to Nxt and Nem.

There will also be many failures of tokens issued in those layer 1 blockchain projects. The development teams of those projects might dump and leave the project or just leave and let the projects die. I also speculate that it might also be a similar occurrence in the NFT ecosystem. Teams will run out of money and leave.

Much of the gamefi ecosystem will also die with only a very few of those projects to survive. We are presently already witnessing this.

The projects that were created during the bull market will have their first token unlocks this year and next year which will cause more selling and dumping on their communities.

Also, the regulators will be coming and this will cause more fear and pressure within the cryptospace.

The idea is buying few of these projects at a cheaper rate, even if they fail to get to past all time high in future they will still appreciate in value and bring you profits, the advantage of be ar market is buying for cheaper price, I remember that Bitcoin cash never reach it's ATH of 2017 again but it brings profit to those who bought for cheaper rate in march 2020, the price isn't even up to 60$ and it got to 600$

bbc.reporter

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Also, I have read some comments that Fantom's community is still very much strong. It might be still strong presently, however, as more users leave the platform this strong community will not be anymore. The rugpulls of Andre Cronje and Anton Nell which took more than $1billion out of the platform and the loss of trust will not be easily earned again. We cannot be certain how long until Fantom could recover.

Fantom enjoyed surging growth alongside other low-cost Layer 1s last year, also attracting popular DeFi developer, Andre Cronje, to pledge allegiance to the chain. However, in early March, the sudden resignations of Cronje and Fantom Foundation member Anton Nell sent prices of the network’s top assets tumbling.

But many users remain cautious. Breezy08463387 said they withdrew all of their assets from the Fantom chain and are “never touching FTM again.”

Source https://thedefiant.io/fantom-whale-liquidations/

Blowon

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people will have two opinions about this, there are those who think the bear market is something that should not be feared anymore because cryptocurrencies are really growing well every year and the news that spread during the big bear in 2018 did not happen. There are also those who think that a good cryptocurrency every year will inevitably have bad things because it doesn't always grow well, I even prefer to support cryptocurrency to continue to grow every year as long as it can still produce.

Innerpumper

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it cannot be predicted with certainty, what I believe in the bear market in the future is that it will no longer be as extreme as 2018, because 2018 conditions make everyone more confident in bitcoin. Those who say bitcoin will end soon are just lies, once they realize this many people prefer to develop their potential, such as running projects based on trending concepts regardless of market conditions, because they believe the market will recover sooner or later.

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legendary

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Quote from: passwordnow on May 01, 2022, 11:38:40 PM

I am starting to see the drop of NFTs, especially with the p2e NFTs. Those that have cost $2k for that NFT to be able to start their p2e journey were done by almost 99% or close to that. And if we hover through the bear market, a lot of it will evetually die. Also with those popular NFT, we are going to see how strong they are. But the same as the trend of Ico, when bitcoin has entered bear market, they no longer can stand the heat of bloods while on bear.

Much of them was hype and the model in which they base the profitability of players is not very sustainable. It would need for new players to come in every month, however, this is impossible. Look at where the floor prices of Axies presently are and if the game is still profitable to play for the nongamers.

I remember a picture where there was an old man who said he wished that Axie Infinity will not go away. He might not be playing anymore, I reckon. It was a bad model based on profitability instead of building a sustainable community of users.

dezoel

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I do not think that Avax is here to go just yet, they are not based on just the hype, they are based on their huge community that they keep together by basically paying them. They do not "pay" perse, but they do keep them occupied with installments where the amount is opened each month type of deal where people need to keep checking it which causes everyone to know more about it.

I always said that the more unlocked, the lower it will go but the more it was unlocked the higher it went instead so I respect them. Others? I am not so sure about, not that they will go down for sure, but I am not expert in other coins so I can't say much.

RussianEnglishTranslation

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Quote from: bbc.reporter on April 29, 2022, 09:12:05 PM

I reckon it might look very similar to the bear markets of the past where much of the other attempts of the old layer 1 blockchain projects have failed to help the growth of their ecosystems. Fantom, Atom, Avax, Terra, Algorand, Cardano might slowly enter obscurity similar to Nxt and Nem.

There will also be many failures of tokens issued in those layer 1 blockchain projects. The development teams of those projects might dump and leave the project or just leave and let the projects die. I also speculate that it might also be a similar occurrence in the NFT ecosystem. Teams will run out of money and leave.

Much of the gamefi ecosystem will also die with only a very few of those projects to survive. We are presently already witnessing this.

The projects that were created during the bull market will have their first token unlocks this year and next year which will cause more selling and dumping on their communities.

Also, the regulators will be coming and this will cause more fear and pressure within the cryptospace.

Even good projects die in a bear market because they run out of funds. 0xMR is a minable token and is community run, so it's safe. Also, VC invested millions of dollars in projects like Celo and ICP, so these aren't going anywhere.

dimonstration

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Quote from: kojektea on May 01, 2022, 11:08:19 AM

What I'm afraid of in the next bear market is if the 2018 bear market returns or is even worse in the future. Either way, crytocurrencies have always surprised me in a positive way so far, as they continue to rise from time to time, what if 2018 were to repeat itself does that mean we really lost cryptocurrency, or we have to wait a few long years back with the global crisis. I just hope that doesn't happen and try to take every moment to prepare.

You don't need to worry if you buy tokens in many tranches since you can have a n average price to all your holdings even if the price continuous to in long term. The long term bear is really possible to happened considering how weak the bulls nowadays compared when the price is just starting to hit the ATH. Volume weakening is a clear sign for a strong bearish in the future. We might see a quick pump then dump to the bottom.

passwordnow

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I am starting to see the drop of NFTs, especially with the p2e NFTs. Those that have cost $2k for that NFT to be able to start their p2e journey were done by almost 99% or close to that. And if we hover through the bear market, a lot of it will evetually die. Also with those popular NFT, we are going to see how strong they are. But the same as the trend of Ico, when bitcoin has entered bear market, they no longer can stand the heat of bloods while on bear.

bbc.reporter

legendary

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Quote from: cabron on May 01, 2022, 01:21:20 AM

What is sad about these layer1 projects is that investors think that all these dumps are opportunity to buy at cheaper price. Nxt is still around up to this day even when close to 10 years ago they were already here like NEM.

I'm however not going to look at the top layer1 project to like the two, SOL, Matic or AVAX will likely going to continue to be used like ETH and BNB but some inferior ones might not survive when delisted.

I was one of the people who has speculated that Solana might be the Binance smart chain killer hehe. However, everyone I has witnessed how very wrong that prediction was. Solana has again suffered another outage that lasted for 7 hours. A platfrom like this where design weaknesses cause outages will not have longterm support from developers and users. Those VCs will also certainly dump their Solana tokens when their unlocks begin this year and they might never return.

Solana stakeholders rushed to right the network Saturday night after what one insider called “insane amount of data” flooded the proof-of-stake chain, knocking validators out of consensus and grinding still block production.

For reasons not yet clear, this swarm pushed validators out of consensus. Block production became impossible and the network went dark at 4:32 p.m. EST. By 11:00 p.m. EST, validators (coordinating through Solana’s Discord channels and a Google doc created by one of the validators) restarted the cluster at slot 131973970.

Unlike last September’s 17-hour outage, Saturday’s hard fork restart did not resolve with new-and-improved code populating across the validators. They simply picked up where the network flopped seven hours prior.

Source https://www.coindesk.com/tech/2022/05/01/solana-goes-dark-for-7-hours-as-bots-swarm-candy-machine-nft-minting-tool/

Topic: What might occur on the next bear market - page 3. (Read 661 times)