Before we talk about why the bear market seems the best and perfect time or period to build a project, if you are a developers or an investors out there, it is good to know at first, what the bear market is all about. Some person's might felt that they already knows what the bear market is all about why some might felt that in as much life is in place, knowledge is never too much. Some might say that they haven't heard about the world bull run not to even talk of saying bear season. It is with all these being put together that triggers me to decide to throw more light on what what the bear and bull season means. Mind you, I will be explaining it base on how I understand it, I am opened to being educated. If you spot any way to educate me you can do that by simply dropping comment below. Mind you, we all should knows that there is no body that is an island. By an Island I mean there is nobody that knows it all when it comes to live in general.
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One thing that I will try my possible best to do is to ensure that I explain what bear period is when it comes to the cryptocurrency ecosystem to the best of my knowledge. I will explain it to an extent where a child will even understand the differences. Without much talk, the bear period simply means that things are not going well in the cryptocurrency ecosystem. It simply means that more losses are being recorded as to when being compared to the gain secure. It also means that your business is not doing well. When it comes to cryptocurrency this to me is the period to take part in the cryptocurrency ecosystem the more. Let me give you an example. Do you knows that if you stake your token, since there is more loss to gain, people will at this period withdraw their money. When they do so, what you are earning from your stake will increases since they are less people mining or staking. Another thing to note is that you will make more money from blogging because since there is bear run, many people will be discouraged to blog. This will increase the amount of coin you are earning as reward from your blog. As per being a developer, you will have more time to work on your code since the distractions will be lesser.
As a developer you will discover that the people you will come across during the bear market will be those that have love for the cryptocurrency ecosystem, not those who are here for just the gain or the good period. They are here to impact the cryptocurrency ecosystem positively and nothing more. Those with the zeal to push the cryptocurrency ecosystem positively. Working with these people will be blessing to your cryptocurrency project. Aside that, you will have more time to work on your code as they won't be pressure from those who wants to just take advantage of your cryptocurrency project.
The bull market is just the opposite of what I have said while talking or discussing about the bear market. It means that things are doing well in the cryptocurrency ecosystem. They are more people making gains than those making loss. It means that they are lots of inflow of money into the cryptocurrency ecosystem than the amount of money leaving the cryptocurrency ecosystem. When it comes to launch of cryptocurrency project, this seems the best for me as they are lots of attention and happiness in the cryptocurrency ecosystem when being compared to the bear period.
If you are building, I have already stated some guidelines to follow. Make do of the bear period and build your cryptocurrency project, you will surely be surprised by the outcome. Before I end this post, we should knows that when it comes to cryptocurrency ecosystem and project building, there is nothing guarrante here, always give your best and endeavour to be positive all the time. Remember, there is light at the end of the tunnel.
I will end the post here, have a nice day.