Bear market comes with advantages and disadvantages and the impact of these can be life-changing from bad to good and vice versa. Investing in projects that are not bear market tested is something that you can’t guarantee long-term success when you are bull market because everything seems to be fine in a bull market and a perfect example is the terra and Ftx drama that happened this year.
So many people lost their hard earn money during this period and some people even lose their life savings in this project. I have a friend that has been stacking up ftx because he feels CEX coins are the safest but that decision seems to be wrong. Most people jump on these projects because of the bull not because they have good fundamentals or are bearish tested.
Bear market comes with opportunities to invest but are we investing in the right project? Are we investing in a project that can face any kind of bear market because this bear market that everything seems to be failing and is not as bad as the 2018 bearish season but they are failing now because they are now facing reality?
What I’m trying to say is that we can invest in any project but we should always consider investing in projects that have proven themselves in bear because so many loopholes are hidden perfectly in bull and bear, there is no place to hide in the bearish season because the reality will catch up.
What if it goes wrong?
Sometimes the project we know can change from going in the right direction to where it will perish. This happened but if you follow such projects very well you know immediately that such decisions are made. Why we all got it wrong because we are mostly sentimental about our decisions instead of accepting the fact that the project is not doing the right thing.
We have a lot of craziness happening in the market and it is not the best time to buy a coin because of influencers or risk too much on a project you know nothing about. there is a big opportunity to invest in reliable projects and bear market tested and we must not be caught up in the stupid struggle of buying no value coin and planning to make 100x in a short period.
Thanks for your time.
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