Why do you say that Crypto Community must fry the new and not the old???
Looking back at the Bear Market in 2018, in the first year of the Bear Market, many project parties, like retail investors, have no sense of cycle, and will work hard and persist, with the long Bear Market, especially in the second year of the Bear Market, there will be a long period of bottom Sideways, and a long period of bottom Sideways is the most grinding.
The vast majority of copycat projects are not profitable, that is, there is no real income like the current Decentralized Finance projects (such as GMX, ENS, etc.). Then in the first year of the Bear Market, these project parties will spend a lot of money, and slowly find that something is wrong, there is no income, the Token continues to fall, and the community personnel slowly lose, but the project still needs to operate.
If the funds are broken, the next year will be rotten, and many project parties will think: then I might as well simply give up, the Bull Market comes and there is a new hot spot to continue to engage in new projects, wouldn't it be easier and lower cost?
Most of the 1CO projects I participated in in 17 and 18 years died in 2019, and some died in 2020 because they didn't stick to the market. A new cycle, a new narrative, and a new project are born. And new players, new funds, speculation of the new is not speculation of the old.
For example, how many new players entered the market in 2021 because of old projects?
Doge, Shib, Axs, Non-fungible Token players who bring a large number of new players have no idea what BTC, LTC, BCH, ADA and other old projects are
There are some typical cases:
17 years of domestic public chain light:
LRC, NEO, GXC, HC, BTM, Ashi Chain At that time, they were all dozens of times, hundreds of times coins, and each was infinite at that time.
After 18 and 19 years of Bear Market, these public chains basically missed Defi and Non-fungible Token in this round, and those projects that did not transform in time could not get up at all.
In my impression, there seems to be only one LRC of these old domestic lights, and it is not bad in November 21.
And the Ashi chain, which has a good background, went straight to zero.
Like the original BTM, the 17-year-old hundredfold coin is no different from zero.
Wrongly paid much more than fundamentalists.
Buy the new and not buy the old, in addition to new funds, new players, but also look at specific projects, projects that cannot keep up with the development of the industry, without a new narrative, will not attract funds.
TRX is a project that survived the Bear Market and performed well in this round, and the price is still very strong, that is, Sun Mo will rub the heat, the TRX ecology will do everything, defi, Non-fungible Token all over again. The projects we Bear Market Build a Position in this round must ensure that they can survive in the Bear Market, and each project must have a new narrative and a story to tell, and when the Bull Market comes, it will naturally attract some funds to come in.
Like the LTC I talked about, LTC is a typical classical Coin, there is no strong narrative, I think that the narrative like APT is much better than LTC, it is easy to attract new funds into the market.
Bear Market the project we want to ambush Build a Position should not only pay attention to the financial situation of the project party, whether the capital chain is broken, and the operation has obviously begun to slack, but also pay more attention to the narrative of the project, and we must keep a story to tell, and the market can attract new funds.
The fundamentals of the industry are different from the previous round, and now the leading projects in each track have a good narrative and can be maintained until the next cycle, such as the L2, Non-fungible Token, AI, GameFi, and brc20 sectors that we focus on this year, which will be the evergreen track.
The leading projects of these sectors are worthy of ambush.
Do not believe in any old copycat projects, participate in the long-term attention, in the bear market mainly focus on projects with a high probability of survival.
If you survive, you can earn a stable income, and when the bull market comes, you can boldly chase popular projects with the income part.
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