This situation isn't new anymore and most of us are familiar with the emotions that the bearish season could cause us. This season isn't for the weak because you will surely feel stressed especially if you're always checking the prices. It's for people who have the strong courage to see the bearish season as an opportunity to earn rather than fear it.
fear or panic will only do harm. it is necessary to turn that panic into courage to start actively buying when a bearish market occurs. a lot of things will happen when you enter a bear market. those who are too panicked will only throw away their assets at a cheap price, even though if their strategy is correct then they will get assets at a cheaper price. it also depends on how they strategize. the bearish season is a good buying opportunity and holding for the long term, it will give better profits. 
Topic: What might occur on the next bear market (Read 661 times)
When I read people's messages on Bitcointalk, I get the impression that they have been in crypto since childhood haha. But as for me, only people who understand this market know that NeonLink will become digital gold in the near future.
I hope that we have passed the bear market, which is sad because the price dropped significantly and made many of the assets I hold such as AAVE, Cardano and so on drop more than 50% and until now have not recovered. it's time for the market to recover to keep us afloat.
patience is always the key so just relax and set back because on this situation no one can really tell that the market has a significant sign to recover or when it will happen. Indeed there are a lot of predictions but most of it is the opposite and the market is still the same..so much better to take a vacation while the market isn't fine to prevent stress. 
This situation isn't new anymore and most of us are familiar with the emotions that the bearish season could cause us. This season isn't for the weak because you will surely feel stressed especially if you're always checking the prices. It's for people who have the strong courage to see the bearish season as an opportunity to earn rather than fear it.
I hope that we have passed the bear market, which is sad because the price dropped significantly and made many of the assets I hold such as AAVE, Cardano and so on drop more than 50% and until now have not recovered. it's time for the market to recover to keep us afloat.
patience is always the key so just relax and set back because on this situation no one can really tell that the market has a significant sign to recover or when it will happen. Indeed there's a lot of prediction but most of it are opposite and market still the same..so much better to take a vacation while market isn't fine to prevent stress. As long as you haven't sold them yet, you have nothing to lose, the market falls but will rise again, no need to worry. You should get used to the market, falling is a very normal thing and it's an opportunity not something to be afraid of, if you know how to take advantage of the bear market then I think you have made a profit till this moment. When the bear market happens a lot of coins have lost 80% of their value, if you believe in the coins you are holding, when they fall you should buy and now the market rise you have made a profit.
The only thing that have some hype left is play to earn projects because they are all in beta version just like so many metaverse projects, you want something you can rely on in next bull market? This is better, though few layer 1 will be there too.
I hope that we have passed the bear market, which is sad because the price dropped significantly and made many of the assets I hold such as AAVE, Cardano and so on drop more than 50% and until now have not recovered. it's time for the market to recover to keep us afloat.
patience is always the key so just relax and set back because on this situation no one can really tell that the market has a significant sign to recover or when it will happen. Indeed there's a lot of prediction but most of it are opposite and market still the same..so much better to take a vacation while market isn't fine to prevent stress. Many people are predicting that Bitcoin will fall down to 12K , US economy will go in recession and crypto market will remain bearish for many months to come but I think this is all speculation. There is very strong inverse co-relation between interest rates and stocks & crypto markets. Interest rates have already been raised many times during the current year because inflation was skyrocketing and it triggered huge selling in markets , now there are some indications that it is likely to come down now & hopefully interest rates won't be increased any more which will be good news for all investors. DYOR
I hope that we have passed the bear market, which is sad because the price dropped significantly and made many of the assets I hold such as AAVE, Cardano and so on drop more than 50% and until now have not recovered. it's time for the market to recover to keep us afloat.
patience is always the key so just relax and set back because on this situation no one can really tell that the market has a significant sign to recover or when it will happen. Indeed there's a lot of prediction but most of it are opposite and market still the same..so much better to take a vacation while market isn't fine to prevent stress. 
I hope that we have passed the bear market, which is sad because the price dropped significantly and made many of the assets I hold such as AAVE, Cardano and so on drop more than 50% and until now have not recovered. it's time for the market to recover to keep us afloat.
Everyone is like you, those who didn't sell when the bear market hit were in a losing position.
But the difference is, bitcoin holders won't have to worry too much or worry about the bear market as they have more chance of accumulating assets for the next bull season and bitcoin will definitely be coin first growth.
There is a greater worry for holders of altcoins, as not all altcoins will see their value rise with the arrival of the bull market.
I hope that we have passed the bear market, which is sad because the price dropped significantly and made many of the assets I hold such as AAVE, Cardano and so on drop more than 50% and until now have not recovered. it's time for the market to recover to keep us afloat.
@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.
What about layer 1 with web3.0 in mind? Many layer 1 projects are still very good, a new low quality dev can come up with layer 2 project and still fail, it's better to invest in projects based on the I.Q level of the team not just the use case only. Currently the crypto market is indeed in a bearish period, but this decline will not be the same as the bearish period in 2018 where currently the BTC price is still around $30k which is different from the previous bearish period where the BTC price was below %20k, even though most crypto users predict BTC price will drop below $20k, but I really mind about that, I don't think btc will drop below $25k,
Of course it will be different because the last all time high is $20k in 2017 but it went as low as $3200 in 2020 during the pandemic.
So fro the current bull run, the all time high is around $65k++ so we don't know what the floor price will be. It might slash though to more than 50% so it's possible to drop below $25k in my opinion.
For the altcoin market, another crypto winter which means majority might not survived and die and only those solid altcoins are going to survived.
I have seen in many threads that they are comparing what is happening now with the year 2018, the truth is that I do not see much logic in it, as I have said before, the circumstances of 2018 are not the same as those of 2022, the market now moves in a very different from the other previous years, there are new protagonists, more investors, in 2018 there were not as many institutional investors as now, every hedge has to see and change a lot, in 2018 there were only the usual whales, at this time many have entered, even Elon Muisjk himself has entered the market, although the BTC community does not want him.
It's sort of happening again, but not literally the same as it was back in 2018 though in the first place, there is no point of comparing the years anyway to have a mental cushion or peace of mind due to bearish market. It is just one of those corrections that we always experience in the market.Elon Musk just happened to joined the market as well. Maybe some newer celebrities would also just join the crypto community soon, lol.
Currently the crypto market is indeed in a bearish period, but this decline will not be the same as the bearish period in 2018 where currently the BTC price is still around $30k which is different from the previous bearish period where the BTC price was below %20k, even though most crypto users predict BTC price will drop below $20k, but I really mind about that, I don't think btc will drop below $25k,
even right now the bearish seems to be going on and on it’s kinda crazy how this bearish alone has plummeted most of the valuation of the altcoins that are deemed as worthless and not have that much value for it to keep on existing.
it’s like the pattern of the past in early 2018 I guess but considering the fact that the value of bitcoin is already too high compared in the past I doubt if it could make quick recovery and turning into another bullish run again.
it seems like the world for cryptocurrency is coming to an end but we all know that we eventually gonna see beariwsh market finished and turning into bullish market eventually but we don’t know the exact moment that’s gonna happens.
it’s like the pattern of the past in early 2018 I guess but considering the fact that the value of bitcoin is already too high compared in the past I doubt if it could make quick recovery and turning into another bullish run again.
it seems like the world for cryptocurrency is coming to an end but we all know that we eventually gonna see beariwsh market finished and turning into bullish market eventually but we don’t know the exact moment that’s gonna happens.
I have seen in many threads that they are comparing what is happening now with the year 2018, the truth is that I do not see much logic in it, as I have said before, the circumstances of 2018 are not the same as those of 2022, the market now moves in a very different from the other previous years, there are new protagonists, more investors, in 2018 there were not as many institutional investors as now, every hedge has to see and change a lot, in 2018 there were only the usual whales, at this time many have entered, even Elon Muisjk himself has entered the market, although the BTC community does not want him.
so in a nutshell it’s just a natural elimination basically the only project left are the ones that are basically can be considered “good”.
I’m sure that in the future we’ll see more and more smart contract platform that currently are considered as one of the most promising investment getting more and more underwhelming.
instead, i’m thinking that the metaverse gonna make some great increase in term of market valuation because most of the metaverse project gonna end their beta phase.
We had that plenty of times before. Whenever we are in a big market crash, that results with us ending up with going back up eventually but not all coins. Some coins go down and never recover from that. There are so many projects that reached ATH during late 2017 and early 2018, during the altcoin boom and then when it crashed people hodl it long enough but they never recovered, not even in the last 2 years when the prices went up.I’m sure that in the future we’ll see more and more smart contract platform that currently are considered as one of the most promising investment getting more and more underwhelming.
instead, i’m thinking that the metaverse gonna make some great increase in term of market valuation because most of the metaverse project gonna end their beta phase.
This is a proof enough that we should not be considering it unlikely for the future as well. Some coins reached ATH last year and they will never reach that again and this crash will be the death of them for sure.
Hehehe much of the people who have been in the forum before 2018 has the experience of what might happen already. I have noticed that our newer bitcointalk members think Fantom, Avax, Solana or Cardano successes are a certainty.
In any case, I hope my thoughts in this thread are helpful for everyone. I will create a new thread sharing some advice on how to go through a bear market, based on my own mistakes hehe.
even right now the bearish seems to be going on and on it’s kinda crazy how this bearish alone has plummeted most of the valuation of the altcoins that are deemed as worthless and not have that much value for it to keep on existing.
it’s like the pattern of the past in early 2018 I guess but considering the fact that the value of bitcoin is already too high compared in the past I doubt if it could make quick recovery and turning into another bullish run again.
it seems like the world for cryptocurrency is coming to an end but we all know that we eventually gonna see beariwsh market finished and turning into bullish market eventually but we don’t know the exact moment that’s gonna happens.
it’s like the pattern of the past in early 2018 I guess but considering the fact that the value of bitcoin is already too high compared in the past I doubt if it could make quick recovery and turning into another bullish run again.
it seems like the world for cryptocurrency is coming to an end but we all know that we eventually gonna see beariwsh market finished and turning into bullish market eventually but we don’t know the exact moment that’s gonna happens.
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so in a nutshell it’s just a natural elimination basically the only project left are the ones that are basically can be considered “good”.
I’m sure that in the future we’ll see more and more smart contract platform that currently are considered as one of the most promising investment getting more and more underwhelming.
instead, i’m thinking that the metaverse gonna make some great increase in term of market valuation because most of the metaverse project gonna end their beta phase.
We had that plenty of times before. Whenever we are in a big market crash, that results with us ending up with going back up eventually but not all coins. Some coins go down and never recover from that. There are so many projects that reached ATH during late 2017 and early 2018, during the altcoin boom and then when it crashed people hodl it long enough but they never recovered, not even in the last 2 years when the prices went up.I’m sure that in the future we’ll see more and more smart contract platform that currently are considered as one of the most promising investment getting more and more underwhelming.
instead, i’m thinking that the metaverse gonna make some great increase in term of market valuation because most of the metaverse project gonna end their beta phase.
This is a proof enough that we should not be considering it unlikely for the future as well. Some coins reached ATH last year and they will never reach that again and this crash will be the death of them for sure.
so in a nutshell it’s just a natural elimination basically the only project left are the ones that are basically can be considered “good”.
I’m sure that in the future we’ll see more and more smart contract platform that currently are considered as one of the most promising investment getting more and more underwhelming.
instead, i’m thinking that the metaverse gonna make some great increase in term of market valuation because most of the metaverse project gonna end their beta phase.
I’m sure that in the future we’ll see more and more smart contract platform that currently are considered as one of the most promising investment getting more and more underwhelming.
instead, i’m thinking that the metaverse gonna make some great increase in term of market valuation because most of the metaverse project gonna end their beta phase.
the usual is that the projects that cant hodl will slip off partly because of lack of strong community, good team thats working consistently and communicating steadily with their community, constant project update. also some projects stand strong because they have a strong and determined team thats evolving from time to time. not everyone can hodl through the bear and not all tokens will stand strong after bear, thats why its good to follow up on any project you are holding. once a bear is confirmed, many tokens will be at discount price.
I agree that a strong community is needed and a good team is needed for any project. However, what a project also needs is a growing community which causes the project's ecosystem to grow which also causes an attraction for new developers to join. I think the growth of a blockchain's total value locked might be a good measurement to follow for this. In a bear market, watch those projects that lost the least TVL.However, I agree with the lost TVL for sure, because if a project is great enough then it should be able to keep that TVL even in the worst situations, of course lost a bit but keep as much as possible if everyone believes in it.
The Bear market is already ranging for few days now, and i hope many people waiting for bitcoin dip below 20k for them to buy, which no one can give exactly minimum price of the coins listed as bear market. Hence make a research on a particular coin buy and hold.
The bear market, global, has been raging for more than six months, only occasionally giving some periods for the price to rise, which then falls even lower. If a lot of people are waiting for a bitcoin below 20,000, the market, in its own way, may not let that lot of people buy, because the market always plays against the crowd.
the current Bitcoin price continues to fall and makes altcoin prices also follow it,
stay patient and we'll see what market conditions develop in the future
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.
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.
It is not that long cardano introduced their smart contract function and Sundaeswap existence in crypto space, (a new decentralized exchange in cardano network) so it is not uncommon users may experience issues here and there. How long has eth exist! But still battling with scalability issues, no network is 100%, most are in beta version even if they don't indicate so.
The bear market is not only affecting these l1 projects but the entire market, and my argument is, just because the price is down is not enough reason to consider selling except the team in a project are not active or committed to the project.
Between am not sure how many of these l1 projects where in existence during the 2018/19 bear market, if there are any that were already created back then and still survive till now, that should tell you a drop in price is not enough reason to sell. IMO.
The Bear market is already ranging for few days now, and i hope many people waiting for bitcoin dip below 20k for them to buy, which no one can give exactly minimum price of the coins listed as bear market. Hence make a research on a particular coin buy and hold.
The bear market, global, has been raging for more than six months, only occasionally giving some periods for the price to rise, which then falls even lower. If a lot of people are waiting for a bitcoin below 20,000, the market, in its own way, may not let that lot of people buy, because the market always plays against the crowd.
We’re on a bear market for months now, and the sudden dumped was a result of failed attempt to break the resistance and this is why we go back to the support level again though the dumped is very fast but still its a good opportunity to accumulate especially if you are trap on top, you can buy right now to do cost averaging. The future is still bright for long term hold, try to analyze the market well and for sure Bitcoin will still be your good option.
maybe it still in accumulation phase which is whales buy and sell in limited range.maybe this range around 44k to 35k. If we break above or below this range, new trend will start. Selling pressure will still occur if there is no good trigger from market , but so far market sentiment still confidence bitcoin and altcoin could hit another ath in near future. Adoption and legalization happen in many countries so it could drive more mass adoption.It's nice to know tho that they can still catch up. All of us here have been given a chance to buy but it all boils down to hodling. Let's see if who among us has the patience to hodl their bitcoins a lot longer. We already broke the 44k range before but maybe this time is for the 35k because the price still continues to go down.
The Bear market is already ranging for few days now, and i hope many people waiting for bitcoin dip below 20k for them to buy, which no one can give exactly minimum price of the coins listed as bear market. Hence make a research on a particular coin buy and hold.
The market went down drastically for the past few days simply because of the Feds increasing the interest rate and that loomed over the cryptocurrency space as well. With institutional investors coming into this space every global financial issues will be affected in the cryptocurrency space as well because these institutional investors will book their profit and look for stable marketplace during uncertain times.
The Bear market is already ranging for few days now, and i hope many people waiting for bitcoin dip below 20k for them to buy, which no one can give exactly minimum price of the coins listed as bear market. Hence make a research on a particular coin buy and hold.
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.
I would guess that there is a bit of a problem going on inside of the Fantom at the top, which is the reason why there were people leaving but at the end of the day any project that may go down after the top names leave, deserves to go down.Do you really believe that ETH will be gone if Vitalik leaves? Or BNB will go down after CZ leaves? Or LTC will go down after Charlie leaves? None of that would happen if you ask me, so if one person left Fantom and it dropped because of it, then it kind of deserved it and there is nothing to recover from that, it should stay that way. Or it should learn to not care about names and only care about the project.
Now the market of the bitcoin was crashed huge.So now it slowly spread to the other altcoin.Not only the less potential coin had reduced his value.It also reflected on the price of stable and trusted coins.It was challenging to the experience traders now,because the price of bitcoin was reduced the further the expectations.So either hold long for the profit.Or buy with holding for now.
We’re on a bear market for months now, and the sudden dumped was a result of failed attempt to break the resistance and this is why we go back to the support level again though the dumped is very fast but still its a good opportunity to accumulate especially if you are trap on top, you can buy right now to do cost averaging. The future is still bright for long term hold, try to analyze the market well and for sure Bitcoin will still be your good option.
I always believed that whenever a bear market came, it would change the order of the top coin lists. many coins that were once on top but lost when the bear market ended. new and better coins will always be replaced, this keeps repeating every time a bear market comes. 2018 saw us EOS, XLM, LTC or XMR top the list. but now the top list has changed to be filled by BNB, ADA, SOL, LUNA, DOT and AVAX. On average, coins that are ranked at the top are coins that were developed during a bear market ahead of a market recovery.
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.
2022 was not good for all crypto market. many top projects especially layer1 projects are down much from ATH and with every dip the price down hard. Every month some bad news come in market which cause market down. Now fear rate is below 20 which is extreme fear. Although charts show that May is not bad for Bitcoin but still altcoin are suffering for months and will continue to down more of Bitcoin not stable for monthThere 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.
Certainly year 2022 has not been good for overall crypto market due to Ukraine war resulting in Increase in crude oil price and subsequent sjkyrocketing inflation, all aforesaid factors caused fall in stock and crypto market . Going forward recently announced ncrease in interest rate by FED in USA has added fuel to the fire and investors sentiment is in extreme fear which is triggering non stop selling.
the usual is that the projects that cant hodl will slip off partly because of lack of strong community, good team thats working consistently and communicating steadily with their community, constant project update. also some projects stand strong because they have a strong and determined team thats evolving from time to time. not everyone can hodl through the bear and not all tokens will stand strong after bear, thats why its good to follow up on any project you are holding. once a bear is confirmed, many tokens will be at discount price.
I agree that a strong community is needed and a good team is needed for any project. However, what a project also needs is a growing community which causes the project's ecosystem to grow which also causes an attraction for new developers to join. I think the growth of a blockchain's total value locked might be a good measurement to follow for this. In a bear market, watch those projects that lost the least TVL.
Now the market of the bitcoin was crashed huge.So now it slowly spread to the other altcoin.Not only the less potential coin had reduced his value.It also reflected on the price of stable and trusted coins.It was challenging to the experience traders now,because the price of bitcoin was reduced the further the expectations.So either hold long for the profit.Or buy with holding for now.
We’re on a bear market for months now, and the sudden dumped was a result of failed attempt to break the resistance and this is why we go back to the support level again though the dumped is very fast but still its a good opportunity to accumulate especially if you are trap on top, you can buy right now to do cost averaging. The future is still bright for long term hold, try to analyze the market well and for sure Bitcoin will still be your good option.
Now the market of the bitcoin was crashed huge.So now it slowly spread to the other altcoin.Not only the less potential coin had reduced his value.It also reflected on the price of stable and trusted coins.It was challenging to the experience traders now,because the price of bitcoin was reduced the further the expectations.So either hold long for the profit.Or buy with holding for now.
We’re on a bear market for months now, and the sudden dumped was a result of failed attempt to break the resistance and this is why we go back to the support level again though the dumped is very fast but still its a good opportunity to accumulate especially if you are trap on top, you can buy right now to do cost averaging. The future is still bright for long term hold, try to analyze the market well and for sure Bitcoin will still be your good option. 
This is what we should be afraid of, I agree when the market is deep down is our chance to fill up bitcoin or topcoins with cheap prices.
But there is also the risk that once the bear market lasts too long, many projects will not be able to sustain and survive. In 2018, we saw a lot of potential projects disappear due to the prolonged bear market when there was no new money coming into the market. It will be a huge challenge for layer 1 projects if the market declines for a long time.
But there is also the risk that once the bear market lasts too long, many projects will not be able to sustain and survive. In 2018, we saw a lot of potential projects disappear due to the prolonged bear market when there was no new money coming into the market. It will be a huge challenge for layer 1 projects if the market declines for a long time.
Hopefully the bear market that happened in 2018 won't happen again this year. Because now many institutions have decided to invest in Bitcoin
and some top coins. After all, many people have realized the importance of investing in crypto, something like that should be able to make
the Bitcoin price support very strong. So I predict Bitcoin won't drop below $30k, and I also hope that the market will recover soon and hopefully
this year's bear market will not last too long. Because like you said, if the bear market is too long the negative impact that will be caused will be
very large. In addition to making many projects die, then some investors panicked and sold their coins cheaply and made the market fall.
But I am very optimistic that the current bear market is only temporary and will not last long, and possibly in the next few weeks the market
will look to recover and improve. Most importantly we must believe in the coins of our own choice, and don't panic by selling the coins that
we currently hold at low prices. We have to be patient in bear market conditions.
Now the market of the bitcoin was crashed huge.So now it slowly spread to the other altcoin.Not only the less potential coin had reduced his value.It also reflected on the price of stable and trusted coins.It was challenging to the experience traders now,because the price of bitcoin was reduced the further the expectations.So either hold long for the profit.Or buy with holding for now.
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.
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.
Completely agree.
A lot of copycat projects somehow gained significant steam during the 2021 bull market, to a much greater extent than in any of the previous bull markets.
I think that it is time for an adjustment, and the bear market will be absolutely brutal for anything that doesn't have a tried and tested utility. That includes any of the avatar NFTs which are pretty much intrinsically worthless.
Much of the gamefi ecosystem will also die with only a very few of those projects to survive. We are presently already witnessing this.
I totally agree with that statement. Play2earn and Metaverse were one of the biggest topics in the whole cryptospace in the last two year or so. After the first few projects of that genre were extremely successful a lot of other people also wanted to profit from that hype and created their own play2earn and metaverse projects. Of course those projects were just copycasts of the already existing ones and only created in order to make some quick and dirty money without putting to much effort in. I would guess that almost all of that projects from the second generation of play2earn and metaverse will be dead pretty soon.
This is what we should be afraid of, I agree when the market is deep down is our chance to fill up bitcoin or topcoins with cheap prices.
But there is also the risk that once the bear market lasts too long, many projects will not be able to sustain and survive. In 2018, we saw a lot of potential projects disappear due to the prolonged bear market when there was no new money coming into the market. It will be a huge challenge for layer 1 projects if the market declines for a long time.
But there is also the risk that once the bear market lasts too long, many projects will not be able to sustain and survive. In 2018, we saw a lot of potential projects disappear due to the prolonged bear market when there was no new money coming into the market. It will be a huge challenge for layer 1 projects if the market declines for a long time.
the usual is that the projects that cant hodl will slip off partly because of lack of strong community, good team thats working consistently and communicating steadily with their community, constant project update. also some projects stand strong because they have a strong and determined team thats evolving from time to time. not everyone can hodl through the bear and not all tokens will stand strong after bear, thats why its good to follow up on any project you are holding. once a bear is confirmed, many tokens will be at discount price.
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.
Will a major market drop like the one we saw in 2018 happen again? Such a possibility cannot be ruled out, and during this period only those projects that have a fundamental purpose and usefulness will survive. Most projects created solely on hype will fail and be gone forever. I think that Fantom, Atom, Avax, Terra, Algorand, Cardano will still remain and continue to grow after the next bear market.
@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.
@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.
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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 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.
@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.
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 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 $20k is possible, just like the previous bear market after bull run at the end of 2017.
So far, bitcoin value shows the proof that after bear market, it always hit new ATH price.
I reckon it might look very similar to the bear markets of the past where much of the other attempts of the old layer 1 blockchain projects have failed to help the growth of their ecosystems. Fantom, Atom, Avax, Terra, Algorand, Cardano might slowly enter obscurity similar to Nxt and Nem.
There will also be many failures of tokens issued in those layer 1 blockchain projects. The development teams of those projects might dump and leave the project or just leave and let the projects die. I also speculate that it might also be a similar occurrence in the NFT ecosystem. Teams will run out of money and leave.
Much of the gamefi ecosystem will also die with only a very few of those projects to survive. We are presently already witnessing this.
The projects that were created during the bull market will have their first token unlocks this year and next year which will cause more selling and dumping on their communities.
Also, the regulators will be coming and this will cause more fear and pressure within the cryptospace.
The idea is buying few of these projects at a cheaper rate, even if they fail to get to past all time high in future they will still appreciate in value and bring you profits, the advantage of be ar market is buying for cheaper price, I remember that Bitcoin cash never reach it's ATH of 2017 again but it brings profit to those who bought for cheaper rate in march 2020, the price isn't even up to 60$ and it got to 600$ 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.
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.
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.
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.
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
. 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.
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$ 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.
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/
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/
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.
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.
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.
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.
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.
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. 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.
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.
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.
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/
I am buying Fantom anyways because I believe I can still make profits out of the project, layer 1 or not its not the end, top altcoins today can go down to under top 10 too we have seen that happend many times before.
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.
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.
Are you talking solely about Bitcoin? If you are then you are correct, Bitcoin is a long term project and speculators on Bitcoin do not have to worry too much about correction periods/plunges/bear periods, just accumulate, hodl for the long run and somewhere along the line you would make ROI, but it just has to do with a lot of patience.But having said that, OP is talking about altcoins, and you know many of them are short term projects/pump and dump coins/driven solely by hype, so you can't just keep accumulating or else you will run at a loss in the long run, most of them dump and do not rise again, quite a lot of them are only driven by hype, and once the hype is gone, so is the coin; altcoins are not meant to be held for too long and it is wrong to continue filling your bags with them, except you are ready to sell them in the short term. But i think you are talking about Bitcoin by the way.
The bullish wave, which represents the growth of all sectors, will end, and some will remain. These are some represented in:
- Currencies that have a future: those that maintain a falling market by 50% to 80% and corrective quickly to be healthy growth.
- Pumping coins: they will be with instantaneous rises because they are an attempt by the owners to flood the market with more.
- Some of the currencies linked to the blockchain.
- Growth of decentralized platforms: If they grow, some tokens will live on.
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.
That is a reality that with every bear market you would see a lot of projects selling off the tokens and leaving the project dead and dry leaving the investors and this time also i am expecting many projects dying off just like we used to see in the past. This time the trend is DeFi and NFT projects and you would see many dying off eventually.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.
I have seen some projects that are not transparent with their vesting details and how many coins they are releasing every schedule. Projects that are not transparent in those aspect should be in check as you never know whether they are selling of the tokens they are holding. Also, the regulators will be coming and this will cause more fear and pressure within the cryptospace.
you sure fantom is still good?
if their community is strong the FTM price should not be crushed like it is today. very big reduction compared to other L1 projects. this indicates that something is not good there. in just a short time fantom fell very deep.
For conditions like today, not only Fantom has experienced a very deep fall, but almost all altcoins have also experienced the same thing as Fantom, because a decline in Bitcoin can always trigger a decline for all altcoins in the market.if their community is strong the FTM price should not be crushed like it is today. very big reduction compared to other L1 projects. this indicates that something is not good there. in just a short time fantom fell very deep.
So it's not about having problems with Fantom, but simply because the market conditions are not good.
Honestly, you just gave a gloomy description OP. Ruefully, that may be close to the truth anyway. I said close to it because I believe a great number of alts will disappear by the time this pending bear market explodes on us. However, whatever that happens I'm certain Bitcoin will still be here. It has died several times and resurrected. On a side note, I believe Polygon will still be here and doing well too when normalcy returns to the market.
A friend who doesn't like hodling Bitcoin told me that his $40k portfolio has already dipped to the $9k region, and the bear season seems like it's just starting. My projection early this year was that the bear season would end in the first quarters of 2022 but that's not the case now. It has spilled into the second quarters.
A friend who doesn't like hodling Bitcoin told me that his $40k portfolio has already dipped to the $9k region, and the bear season seems like it's just starting. My projection early this year was that the bear season would end in the first quarters of 2022 but that's not the case now. It has spilled into the second quarters.
If a massive drop really does happen like the past bear seasons, then what you're saying will most likely happen. People should be prepared although I am still bullish biased for this year. Have long position and buy orders on spot for bitcoin at 37500-37000. Of course with toght stoplosses. If those orders get filled and stoplesses get triggered, I'd be willing to book profits on my other altcoins and prepare to DCA btc and ethereum on spot while keeping an eye out for a reversal to buy back the altcoins I let go of. Plans in this industry don't go the way you want them to all the time so I am willing to adjust depending on the situation. Hope others are prepared as well wherever bitcoin goes after this month.
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 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.
We can be optimistic about the market but what is happening, it is also necessary to understand the easy money opportunities in this space that are becoming more and more difficult. The market from the beginning of 2022 until I see volatility is very complex, but I still think there will be a strong pump between now and the end of the year before going into the bear phase. There will be a lot of news coming up that will affect the economy as well as the market, so it is essential to be prepared for any eventuality.
@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.
Not really. Fantom and avalanche L1 community is still good. Hope you are right but arent, how come can you say other L1 will died out or not be noticed, well in fact there are lots of eth and bsc network transferring now to some L1. I believe that new L1 will thrived and hence I like the fees more on what I am using compare to eth projects.you sure fantom is still good?
if their community is strong the FTM price should not be crushed like it is today. very big reduction compared to other L1 projects. this indicates that something is not good there. in just a short time fantom fell very deep.
Bear markets are great for sifting the wheat from the chaff. I think the most likely victims of the next bear market will be projected for those that fail to meet expectations of scalability, proper development, and effective marketing.
I think that if the blockchain and NFT ecosystems are to continue to grow rapidly, projects need to look closely at how their projects are designed and ensure that they are designed as well as possible to meet these challenges.
The big news is the rules. The main reason for the next bear market is due to concerns about over-regulation and how this could affect the value of cryptocurrencies. The investors will be afraid to hold on and start selling their crypto holdings which will push the price lower.
I think that if the blockchain and NFT ecosystems are to continue to grow rapidly, projects need to look closely at how their projects are designed and ensure that they are designed as well as possible to meet these challenges.
The big news is the rules. The main reason for the next bear market is due to concerns about over-regulation and how this could affect the value of cryptocurrencies. The investors will be afraid to hold on and start selling their crypto holdings which will push the price lower.
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.
2022 was not good for all crypto market. many top projects especially layer1 projects are down much from ATH and with every dip the price down hard. Every month some bad news come in market which cause market down. Now fear rate is below 20 which is extreme fear. Although charts show that May is not bad for Bitcoin but still altcoin are suffering for months and will continue to down more of Bitcoin not stable for month 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.
@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.
Not really. Fantom and avalanche L1 community is still good. Hope you are right but arent, how come can you say other L1 will died out or not be noticed, well in fact there are lots of eth and bsc network transferring now to some L1. I believe that new L1 will thrived and hence I like the fees more on what I am using compare to eth projects.
This BTC upside down trend is like a wake-up call I am glad that people are already realizing this, I have talked about this a few times before, be ready for a massive loss on altcoin price but many said the intense adoption rate of crypto won't allow the Bear market to pass ( You Shall Not Pass ), the bear market is inevitable no matter how strong adoption rate is.
I am glad that people are already realizing this, I have talked about this a few times before, be ready for a massive loss on altcoin price but many said the intense adoption rate of crypto won't allow the Bear market to pass ( You Shall Not Pass ), the bear market is inevitable no matter how strong adoption rate is. 
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.
@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.
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.
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.
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.
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