I Love The Bear Market

A bear market forces you to re-evaluate your beliefs in a project. A bear market is almost like a mirror starring back at you. What are the reasons you’re buying into a project for? Its current value? Its working product? Its hype? Possibly, a combination of these traits coupled with some other virtues. But, as we all sink into a bear market, we start to discover that we hold certain factors far more important than others. Now that the hype train has died down, have you lost all faith like alcohol eventually evaporating off the surface of your skin?

The thing about trending projects is that while your gains are accentuated, your losses are amplified too. There is definitely a time where chasing after the next new thing works well for a while, and then backfires spectacularly like right now. Personally, I’m more of a fan of projects that are enduring. Look for a team that is constantly building and churning out tangible progress on a working product week after week. Now is the time to grossly undervalue a project and when the price hits, you know what to do. Here is my list, what is yours?

If the price drops below the predicted value, it is a discount.

Bitcoin (BTC): $7,000
Ethereum (ETH): $500
Binance Coin (BNB): $50
Gala (GALA): $0.00022
FTX Token (FTT): $4.20
OKB (OKB): $2.50
KuCoin Token (KCS): $0.70
GateToken (GT): $0.40

I’ll keep it simple. The chances of the aforementioned prices happening are slim. But when it happens, you better make sure to have enough liquidity to enter. Is it a guaranteed win? No. However, would you not take a bet that is swinging 80% in your favour? I would. This is not investment advice. This is life advice for myself.