The Benefits Of A Bear Market?

Image courtesy of dreamstime.com

From November of last year it crypto markets as a whole have been trending down. In finance the definition of a bear market is when stocks are down more than 20%. Technically for crypto markets this hit around Jan. 2022, yet bulls of the assets continue marching forward.

Only up to as late as early May did a significant blow in the crypto markets occurred. This is in regards to Terra's Luna and UST blowing up. The two tokens combined had close to $60 billion in nominal value which may sound small compare to the overall crypto market. Yet still with UST overlap across multiple chains and the fact it was designed to be a stable coin there was significant amount of users losing trust in the space.

The further draw down in crypto could potentially be worse in the coming weeks and months as more people lose faith and trust in crypto. Yet this maybe where it lies the real potential for big gains.

During difficult and challenging times the ones that succeed are often the ones that do the best at what they do. Hard times are the best periods where we allow the free market to determine which ones should stay and thrive and which ones turn into dust.

If a project that has drop in value during the bear market mostly due to sentient it maybe a good start to accumulate. Done the road those that had passed the bear market and come out stronger.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!

LeoFinance = Financial Blog LeoDex = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. HiveStats = Hive stats per user LeoPedia = Informative content related to anything about Crypto and how to make financial gains in crypto! CubDefi = LEO Finance's Defi with CUB Token