After communicating with our comunity and taking the current climate into consideration, we think it’s time to discuss the current state of the market and the implications it may have. Although this topic may cause many newcomers or industry observers to criticize, I think it is important to express my point of view. Consider this piece as me having a bit of fun with the bear market.
Before we start the discussion, it’s imperative to analyze the origin of the bear market.
First of all, the basic principles of economics tell us that peaks are always accompanied by troughs. In simple terms, a rise will be followed by a drop and vice versa.
Therefore, with the unprecedented high points seen in the early stages of the industry (the bull market), it seems natural to see the lows of the current bear market.
Diving deeper, I believe that the current bear market is also an inevitable result of prices being driven up artificially by certain stakeholders in the market as well as investors blindly following suit. Taking my personal experience in joining the blockchain industry from the “chives” (those who were trapped in the loop of speculative investments) into account, I remember thinking that blockchain is a versatile technology. I believe that many others share the same understanding. But today I wonder how many people are able to explain what the blockchain is and to answer the following questions:
What problems can the blockchain solve? Is it an indispensable part of the present and future life?
Can blockchain technology really help our work and life?
How much do you know about investment projects? I.e. How many people are there in the project’s core team? What problems do they want to solve? What problems can they solve? Will it be profitable? What percentage of returns will the project use for investment?
When these questions occur to a larger percentage of the market, the lows of a bear market are inevitable. However, it is important to keep in mind that this is from the perspective of individual investors, where funds are limited and reasons for investing have different origins. Because of this, opting out would seem to be logical when confidence is low.
Following on, it is important to consider external funding as a cause. Many people heard voices from the media and KOLs that market liquidity is insufficient, and external funds cannot come in, etc. Most of the external funds are in the hands of teams with strong resource reserves. Whether they enter the market depends on various factors, such as analysis reports. These analysis reports contain a multitude of factors, but they do not consider rumors heard by individual investors. Therefore, when they lack the data to support entering the market or question the outcome of projects in the industry, they tend to stop to wait and see. They may wait for a moment when the value of BTC is close to or equal to their expected performance or when there is a breakthrough in technology or product. Imagine if you have hundreds of millions or even billions of dollars, would you be willing to invest in an industry that seems to be all about clubbing, traveling, and hosting conferences?
In summary, the current bear market is:
1. an inevitable result of macroeconomics;
2. a result of artificial demand caused by fake projects that do not push the industry forward (so when you see more public chains than actual technical products and more exchanges than projects, this may be the case);
3. a result of self-awareness and self-evolution whereby the industry is stuck in the state of “waiting for the wind to come” and attracting traditional and external resources is difficult.
You might be wondering why am I treating this bear market as a big plus. Because, finally, investors have the time and motivation to think more rationally and read more articles, much like this mine, the one you are reading right now. My thinking is that the current market is returning to rationality. I will leave it to you to judge whether I am exaggerating or telling the truth. My main reasoning stems from the idea that investors in the market will no longer follow influential people or popular news blindly.
Only when we see investors return to rationality can quality projects enjoy a broader space to thrive. You might be thinking that quality projects will shine regardless but, if we’re being honest, the reason why most investors enter the market is to make money, and when it comes them to making money, quality may not always be their highest priority. If this persists in the long-term, we may see the worst-case scenario; an industry full of “plastic” projects causing blockchain to fall, much like VR technology. Of course, this may not be a worry for individuals investing in the short-term.
Unfortunately, we still see many teams taking a back-seat and “waiting for the wind to come.” In fact, many teams have no other choice as a result of a lack of technological innovation.
Bringing Ontology into the picture: what we do is not solely for ourselves. We are doing everything we can to reunite the consensus that is exclusive to blockchain technology. We strongly believe we must make full use of the true strength of the technology, products, and team, so that more people believe and see what Ontology, better yet the entire blockchain industry, can bring to everyone. When others are having fun, we are searching for partners around the world to better understanding the international market; when others are on vacation, we use our time to spread understanding of blockchain at many of the world’s top universities. As others “wait for the wind to come”, we push our technology forward by growing our community of global developers and community partners.
What Ontology is doing is keeping a low profile and preparing for when the wind stops. In preparing, we are developing powerful wings ready to soar when the moment is right. Perhaps in the last bull market, Ontology did not fly very high, but, in the next bull market, Ontology, with all powers accumulated and the wind on our side, will likely soar up into the sky.
To end, I would like to explain that, when I mentioned the bear market might be a favorable period for the future, it only applies to a certain few projects. Artificial demand and “plastic” projects will continue to exist and still may be the choice of some investors. But for us, for now, building a true consensus and allowing the community to propel the project forward is the core. I truly believe that, with the power of Ontology’s global community (which covers 19 different languages), we will produce a butterfly effect for the whole industry, leading the whole industry out of the bear market and moving it towards a brighter future.
Want to see another topic covered? Comment below and let us know what you would like to see next. We look forward to more interesting discussions with you.
본랑 14 시간전
아이더스페이는 이미 출시되었고 지금도 약속한 이자를 꾸준히 지급하고 있습니다. 자세한 수익인증 및 가입방법은 https://aidus.co.kr/ 를 참고하세요
Community | '아이더스' 6가지 사실들
본랑 16 시간전
탈중앙화 글로벌 펀드 마켓 플랫폼 아이더스의 야심작 아이더스페이는 연12% 고정이자율에 중도해지수수료 없이 원금수량까지 보장하는 섹시한 투자상품입니다. https://aidus.co.kr/ 에서 쉽게 따라하며 가입하세요.
News monitoring | '아이더스' 아이시스글로벌 ‘아이더스 페이’ 공개로 새 패러다임 제시
해지하기 버튼 자체가 없어요
Community | [중요] 이오스 렉스 참여방법 (EOS 입금부터 수익금 확인방법까지)
몇번이고 확인 했습니다. [해지하기]라는 버튼 자체가 없어요. 확인부탁드립니다.
Community | [중요] 이오스 렉스 참여방법 (EOS 입금부터 수익금 확인방법까지)
아이더스페이 가입자로서 이런 기사들이 밖으로 많이 보여지면 좋겠다고 생각합니다. QTS를 수익모델로 만들어진 투자상품이 아이더스페이인데 관련 정보는 https://aidus.co.kr/ 에서 얻어가세요.
News monitoring | '아이더스' QTS 최고 권위 ‘배틀 오브 더 퀀츠’ 포럼 참가
Write a post
Are you sure you want to delete this post?
Are you sure you want to delete this comment?
Purchase has been completed.
닉네임을 설정 후 작성해주세요.