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Are you tired yet?

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@investing-dude
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2 min read

This isn't even halfway through, mate. There's still a big downtrend to endure. Most of the tokens as we know them today will not come out on top of this bear market. Several crypto projects with little to no viable tokenomics, bot communities, smokescreen foundations and hype-based projects will fall during these bears.

2018 was just a free sample of what can a real bear market do to shitcoins and scamprojects that are just a quick cash grab or a scheme for the founders to get funded. 2022 will prove how only solid projects with a strong community and tokenomic foundation can endure, and I'm willing to bet that a handful of projects with everything on their side won't be able to keep afloat, because we are in for a hard couple of Qs, it has already began.

My advice is simple: Nobody can prevent what the market will do, I might be completely wrong about the above and perhaps the Bulls come full force tomorrow and kick the bears out. What I do know is that you must be prepared for the worst scenario. Prepare your diamond hands if you don't need the money soon, or get out right now if you are not prepared to endure what may be a 5-6 month bear market with a downtrend in price and blood on the streets. The longer the bear stays, the harder it will be for shitty projects to stay afloat, and the more crypto projects that go chapter 11, the more negative sentiment the cryptospace will get, which means the downtrend will get bigger and bigger, until it doesn't.

Just like companies, if you are not prepared for the rainy days, you might get drowned. Take your precautions, bring an umbrella, or maybe don't go out, whatever suits you best.

Posted Using LeoFinance Beta