CEO Thoughts. Why the bear market favors the development o | 🇬🇧 EYWA Announcements
CEO Thoughts. Why the bear market favors the development of quality projects
Hi friends!
You've probably noticed that when the bull market is shifted into a bear market, overall cryptocurrency market activity significantly decreases. Novice crypto enthusiasts start to sound the alarm and worry about the future of the projects they've invested in. But experienced ones know that quality projects only benefit from this difficult market period!
EYWA CEO Boris Povar shared his expert opinion on why you should not be afraid of a bear market and why it contributes to the development of the project, however paradoxical it may sound!
"In the midst of a bull market, there are a lot of scam projects that don't create value, don't develop, and just sell their tokens in order to gain more profit. It's hard for an investor to navigate under such conditions, because there's a high probability of investing in a scam and losing money!
In a bear market both the number of buyers and the number of scam projects decreases. At this time only high-quality projects remain afloat. Unfortunately, there are also less projects that make useful products, because many are experiencing a shortage of funding.
Only the strongest projects, which have stable financing and are developing secure technology, survive in a bear market. Those projects that end up surviving a bear market tend to do well later on."
As the saying goes, survival of the fittest!
What do you think about this? Share your opinions in the comments.
Thank you,
EYWA Team
