Bitcoin Forum

FireDAO is a social DAO project based on PID and FID soul-bound accounts, and it's initiated and established by the RainbowCity Foundation. I'm one of the project team member and would like to gather more ideas from everyone in Bitcointalk forum.

I've seen alot of projects did so well during the bull market, but now I'm wondering is bear market will affect the progress of a new project...

I don't know about your project as well as I have yet researched about it.

In general, bear market is toughest time as investors have their net-loss and their mentality can be very weak, sensitive and stressful. With such negative conditions, they are less likely or nearly impossible to think of investing more. Maybe many of them no longer have capital to use for investment in new projects. With those people, you can not attract them to join your new project.

Bear market is for builders and we have some lessons that a good team can build up good projects in bear market that will gain great success in a next bull market. A most classic lesson from 2020 bull run is Axie Infinity.

Without a doubt a bear market can reduce the support the community could bring to your project, however if you are really convinced that your project is unique and it has something to offer beyond hype then the bear market is not such a big problem, as eventually the community will find about your project and support it, over the years there have been many examples of good projects which were released during a bear market and they still did well, and by the time the bull market came the project finally skyrocketed.

Probably not, A lot of investor doesn't invest at these times since the market is down only a few investors have the courage to continue to invest because they probably not going to earn a big amount of profit since the market have very small movements Unless you have the funds to sustain your investment most of the time it will be a loss when investing on top cryptocurrency. Imagine putting funds into a really risky project that has a very small chance of success, most likely the community will be small at a bear market because the market lose a lot of volume and funds, and most of the investors will probably take a break since its the best thing to do after all.

I know some developers that start their own NFT projects and it is not a good start for them because when they start launching their project the market suddenly goes down and that really affects their project affecting investors, Most of the time projects will still earn profit or should I say the developers but most of the project doesn't continue and deliver, so I will avoid projects, especially in a bear market. Everything will skyrocket when the on bull run and that's the best time since investors invest a lot at that time.

Indeed, bear market is for builder. Our team didn't expect anything much during such period but we did put alot of efforts on building our project. Thanks for your kind word as I also foreseen that alot of solid project that did well during bull market took years to build before they go success.

But what I'm curious the most is during bear market like now, most investors will just do nothing and wait till the next bull??

Being confidence and patience is the key I guess. We do believe our project has our own uniqueness. But we will only find out if the project will skyrocketed or not when the bull is back. I believe you're very experienced in the market and perhaps you can suggest what can we do during bear market? What usually investors are seeking during bear market?

Thanks for your comments. I have a question then. If we only prep and launch the project during the bull, don't you think it will be a bit slow as thousands of projects will be launched at that time as well? I do agree the community shrinked alot compare to during the bull market, but in bear market when there are not much projects going on, the chance of standing out will be higher. Or in another way, when the bull is back, people will have more confident on the project that already built for a period. Don't you think so?

When a bear market happens, people will tend to accumulate top projects like bitcoin, eth... and avoid investing in new projects because new projects will be riskier. Personally, I would not invest in new projects at this time, even popular ones invested by large funds, let alone crowdfunding projects. In my opinion, it is not advisable to launch a new project in the bear season because it will face a lot of difficulties, while if it is launched in the bullish season, everything will be smoother and easier.

In general, if we are talking about just launching it, many projects have since risen in price since the bear market, and they have started during the bear market since 2017. IIRC, that's Axie Infinity, and they had boomed with their project when it became mainstream. It's just that it can't be sustained, and I had a hard time having an entry with the new players to play it. It needed to be more sustainable.

When you have done your project, you will find a sustainable way. That's what you need to be successful.

Launching a new project when the market is in a bear market I don't think is a good idea.  Maybe I would say as a crazy idea.  If indeed the developers really believe in their project and it is the latest breakthrough in the world of cryptocurrency then it doesn't matter because you can take advantage of your bear market to build a solid foundation for your project so that when the market will experience an increase in trading transaction volume,  your project is no longer a "new project" which of course it will be something positive to get a lot of investors.  This means for new projects not to burn too much money and be too ambitious if they want to launch the project in the current cryptocurrency environment.  Start by strengthening the fundamentals of your project and I believe it is the best choice you can make.

Don't really follow the development of new projects that appear but a few years ago when the ICO was in a high trend many projects that had completed their ICO stages preferred to wait to enter the exchange until the Bitcoin price entered a bullish period, this was done to avoid massive selling but whatever the conditions are bullish or bearish a project that has potential will always be able to survive and continue to exist in the crypto world for quite a long time because it has clear development as well as clear use cases.

It depends on your motives.

If you really wanted to bring a good project to the investors, it doesn't matter whether it will be a bull market or a bear market. Yes projects are going up and doing well in the bull run, but most of the projects after the bull market are either going down in popularity, the developers suddenly leave the project with no developments whatsoever or just turning out to be a scam project.

Bear market is for the developers who want to deliver projects to the investors. It's their time to develop, upgrade and make the project better. I've seen projects that are emerging in the bear market, but the problem is most of them aren't successful. Even those projects that have been created in the bull market doesn't guarantee them a success as well so I guess it doesn't matter whether you launch your project during the bull or the bear market.

If it's about project progress, neither bear market nor bull market should affect it. But if your motive is to get market capitalization for your project, of course the bear market will have impacts. The reason is because people are holding their coins/tokens which are at a loss. they have little or no money left to invest.

Pretty much agree with what you say. Maybe we should focus on building community first before launching the project. My team has start to post on Twitter https://twitter.com/FireDAOlab, hopefully we can create more awareness about the project.

Long term sustainability is definitely very important for the market. But I think the market now changes super fast and it's so unpredictable especially in blockchain. Well my team and I will do our best to survive over the bear market. We believe a good project will shine anyway, just the matter of time.

This is exactly how my team think about it. Building a strong fundamental during the bear so that when the timing is correct, our project will be seen. We have started our moves by sharing the idea and info of the project on Twitter. https://twitter.com/FireDAOlab Looking forward for more people can reach our project and give more opinions to us.

Thanks for the advice. Afterall Bitcoin still plays a massive role to lead the market. We will work hard to be one of the project that will exist for a long time.

Thanks for the precious opinions given. Quite agree with what you've mentioned, there's always project that failed during the bull market and also project that success during the bear market. My team will keep grinding and deliver the best out of our project. We've start to share and deliver the ideas about our project on Twitter https://twitter.com/FireDAOlab. Will continue work from here.

Of course we wish to get market capitalization to expand our project better and faster, but we also believe our project's core value that the market will eventually see it. And of course, a little wish that the bull will be back ASAP.

I think in this case it depends on the management of the project, even though it is definitely a problem, but when the project management is done correctly, I don't think it will be a problem.

But on the other hand, for the project that you are doing, I still can't say much because I don't even know about your project and have to research it first so I can find out whether it will be possible or not later.
The bear market is still a problem that cannot be minimized in any way, I think, especially for new projects.

It will be a bit difficult because during the bear season, people limit investment in new projects. But if you are serious about your project and have enough money and resources to develop it, then you can start. And if you can maintain and grow it until the bull season arrives, you will have an advantage over projects that just started during the bull season. The core is still the quality of the project, the project has a long-term vision, and even if it goes through a few more bear seasons, it's not a problem. Look at the top projects, they are still going strong even in this bear season as they take their projects seriously.

In my opinion, now is not a good time to start a new project. The market is very uncertain, many people run away from crypto or keep their capital mainly in stablecoins and leading projects that are likely to bring profit in the long term. In addition, we have recently seen a lot of regulatory activity in relation to the cryptocurrency market, which also raises uncertainty among potential investors. Personally, I would suggest waiting for the trend to change.

In crypto currency, every time is a good time to launch your project; either the market is bullish or the market is bearish; every time is a good time to launch a new project. What you have to do is ensure that you are ready and in good shape to launch your project. The following questions would help if you have an answer

1. Does your project have a product to sell? is it achievable?
2. Is your marketing top notch? good enough to proceed to launch?
3. Is your product unique enough to bring investors closer to your project?
4. What is your marketing strategy? Do you have a viable roadmap and you tick the milestones appropriately? Do you have social media presence?
5. Do you have investors in your group? or you have shillers and bots added to your community?
6. Do you engage in vcs or ama events to share your ideas and hear from your investors?

Having an answers to these questions will help you make the right decision; also remember that Everytime is the right time to launch. Put in all your efforts and i wish you the best of luck.

I think it's okay to launch your project when the market is bearish because after that launch, you must still have a lot of preparation before it can really work properly. This bearish market condition allows you to convince investors of your project but depends on your readiness to face a bearish market. And when the market has started to change direction and your project can still run well, investors will see it as an opportunity, which can convince them that your project can survive for the long term and not be affected by a bearish market. Projects that cannot survive a bear market will soon disappear and be replaced by new ones that do. So as long as you can prove to investors that you and all your team are still working hard to develop the project for the better in the future, investors will certainly believe and will invest in your project.

Might not be a good idea if you are just thinking about hyping it and earning a profit easily. But even if you are launching your project during the bull season it doesn't guarantee success as well because it only lies on the potentiality of the project, not because of the bull season. Because even if it was launched during the bear season but investors see the good concept of the project and could really be trusted, they never hesitate to put money into your project. But if not, never expect such a "success" thing as this is likely impossible to happen.

If your project is really that good and investors trust your team that your platform can bring something to the industry, then the market condition has no bearing on your project, the most important is how you build your community and how dedicated the developers are in creating a good platform for the industry.
Even if the market is good but your project is considered a shitcoin, it will not go a long way, investors will find a way to invest in projects that they think have potential that they found in the bear market.
So go for it if you believe that your project can earn the trust of the community.

The fact that you have doubts about launching it in a bear market, may just be a hunch inside you. Investors are moving out of crypto to wait for the right time again to come back. This time however it seem like the market had bottomed. If this is what you also believed maybe it's not so much of a bad idea anymore since investors are also looking for GEMS.

first and foremost, what are their goals for this project? do they have enough funds to keep the ball rolling in terms of development? or are they waiting for crowdsourcing activities to finance this project? if they believe their platform is valuable in this market and they can get clients to use their platform, then they can push thru this project. as part of the team, you should feel how this project will perform given the seemingly bearish season. it means, there's waiting time for the team before they can see if this project will move forward. but don't rely from crowdsourcing activities to fund this project.

Yeah there's always timing in trading that's why a lot of people let the bear market pass before trading or investing. Some of the projects takes year before launching their project, because they know if they launch at bear market, it will be probably a flop. People loves to invest and trade in a good condition of the market so always know when and how you will launch your project the way people would invest. In just days or months you can see the new ways of promoting your projects which could give a good background to your project.

Glad to see you.
The bear market will be decreasing the interest to invest in the new project. That being said if bear market will be driving the demand to go down. People are keeping their money. That means if launching the project in the bearish market will give negative impact to your project but as long as your project backed by some big parties and i think that it will not have a problem launching your project during the bearish market. I suggest you learn from some projects that launched during the bearish trend a few years ago like sandbox.

Depending on the bearish situation whether your project will be able to survive or get support from investors in this difficult situation, so however the team is the most important in this role to develop it so that when doing marketing there are far more interested people when the market is bearish.

People are always skeptical of bearish so it's difficult to do initial funding so they think it will only make a loss and I can't believe this project will be successful if the team can't do good action when developing the project.

I think its even better to create a project these days. Because, you may not get any decent funding right now, but if you build a project that is nice and keep it growing, even if it is a small growth, that means you are doing such a great job that people are buying it even when we are in a bear market. It means that we are going to see it grow even bigger when the bull market comes.

You think all these avax, ada, matic, sol and similar high level coins were created in 2021 when they peaked right away? Of course not, they were already there and grew during bear period and they grew a lot bigger when the bull run started and they peaked at the top.

I think yes, because during a bear market, the average person sells panic and it will affect the project, it's different from people who think that during a bear market, they can buy at a cheaper price. This is my view of two different sides.

I believe projects from bear markets may not have been the best, but a large percentage have performed well in the long run. It is likely that they will raise low funds, but they usually make provisions that help developers and give them more time. Some new projects use stable coins instead of their own coin, which I believe will offer users a more comfortable experience with a less risky reward.

We cant really deny that launching projects on a bear market is never been that looking good or ideal considering that most of investors are really that in doubt or in fear on whats currently
happening within the market which means that if you are really that launching up project then its up to you whether you would be pushing through on this bear market but well if
we do speak on projects which are really that having potential or real use case then it would really be still able to get up some attention on the public
which it could neither be supported or not but likely it would really be able to get some attention if its really that good.

Yes, those projects are currently not yet making any noises but let's see if it can withstand the current season because bear season is the time where the coins and projects will be heavily tested and mostly will be filtered out especially the ones that doesn't have any utility or is not that appealing to the investors. But if ever those coins will survive the season, then there will be a fruitful season up next when the bull starts, just like Axie.

Is this yours?
https://coinmarketcap.com/dexscan/bsc/0x8092b65de1f063ca2cf02b611ec74ec82c2f3261/
A successful project will need more elements to be successful, not only because of bul or bear market. But exactly, in bear market, the challenge is much higher and you must be more careful and struggle in this bear market. As well as you can make your projects to be well-known and your team can make more engagement, especially listed on big exchanges, making great progress, and doing more promotions, you may be successful. But exactly, the challenges during bear market is higher.

Bear market is not a good idea to introduce a new project, because many investors will not take a risk to invest on new projects since they are more focused to accumulate good coins at a cheaper price. Though you can introduce this already but its better not to list it yet during the bear market. Stay focus on improving the project first before getting listed, usually new tokens are dumping the moment they release it to the public without any good plans or roadmap.

On one hand i would say, that if your project is really good with a real use case and so on, then i think it would do fine even in a bear market, but to be honest i am not to sure if that really is true. I think the crypto market is still 90% based around hype alone. During a bull market even the biggest shit projects are pumping while in a bear market even good projects can have a really hard time to survive.
So i think it would definitely make sense for you are and your partners to postpone the launch of your project a bit. At least until the heavy dumping is over and the market seems to be at least a little more stable. I wanted to take part in a public sale of a project today and they also postponed it because of the overall market conditions.

As someone who has been part of a project before, and also founded a few, and worked for so many, I could say that it is just way too damn hard. First of all it is hard because it requires tens of thousands of dollars at least, EVERYONE wants some money from you, hell the people who could find funding for you requires you to pay for them first, so you pay money to get money... that's just stupid but go search for VC firms and you will see that I am right, spoke with many VC people here and they were all the same, they wanted money before they found us money. Secondly, during the bear market there aren't that many people investing into new things, and the only thing that makes a new project go up is attention, you have to be an original idea but that's not enough, you also need to be wanted, grabbing some attention and that is only good with something unique and useful at the same time, which is rare in the market. YOU may like your own project and think people should too, but more often than not devs are the only ones who are in love with the idea, not the community.

From my experience in altcoin project, it is bad for them to get listed in bear market because of the level of impact rhe bear market have on altcoins , take today market situation as example we saw were Bitcoin shaded off a.good percentage of its price thereby losing close to 3k loses per 1 Bitcoin units.

- quite a good number of altcoin projects have postponed their public launch due to market conditions at the time.

Well i've invested on the projects that started during the bear run because they had a good idea behind them. And from the investor point of view you can get the tokens dirt cheap if the project survives and devs keep building. Because they might have their project ready to roll out for a next bull run. Assuming team doesn't start with a finished product. And from the token price point of view, people who have hodled your token trough the bear market are part of strong community with strong hands. You need those.

The point you brought up is is on point as capital is always one of the most important element when starting up a new project. Fortunately we've a great team that work very efficiently and maintaining the quality of the project at the same time without wasting any extra budgets. Since we're just at the beginning stage, so we will just keep pushing through the market. We've made our first move by sharing the info about our project in Twitter, https://twitter.com/FireDAOlab. Hopefully everything starts well from there.

We do wish and also believe that someday someone will see the value of our project and will approach to us. Thanks for the suggestion as we can see that Sandbox is definitely one of the project that broke the barrier and able to sustain for years and perform so well during the bull market. But our starting point might be different. We've just launched our own DID, which we called it FID. Feel free to have a look on our website, https://app.firedao.co/ .

Perhaps I just have to be focus on my own. We've shared alot of information about our project in Twitter https://twitter.com/FireDAOlab, and are welcoming everyone to read about it. Feel free to feedback to us as well so that we can listen to the market and improve from there.

No, it's not. Since the first day we built our community, there are alot of fakers out there used our project's name for their selfish act. So far we've just launched our own DID, which we called it FID. (check it out on our website https://app.firedao.co/) Our token will be launched in future, but not so soon yet. You can read more information from here too https://bitcointalk.org/index.php?topic=5441307.0
High risk high return, we will just keep our best to break through the bear.

I do like to hear more from experience investor like you. Perhaps you can have a look on our project on our Twitter, or read more information from here https://bitcointalk.org/index.php?topic=5441307.0 . Would like to hear more about your do's & don'ts.
This is our official website to mint our first product PID. https://app.firedao.co/

Yes that's the spirit.

Keep grinding because it will not be an easy thing to do especially if you have many competitors that are almost the same as your project is. As much as possible, try to be unique, and have something in your project that doesn't have with other ones. Starting on Twitter is a good choice since there are many users out there whose involved into crypto (though I myself isn't using Twitter at all :D). You might try Facebook Paid Advertisements as well if you have some money to pay. At least that increase your exposure to your target market.

Good luck with your project.

as far as i know, during a bear market, a lot of people hold their assets. some people try to take advantage of the moment that occurs, such as buying coins at a low price or trying to go short. So, when trying to launch a new project, chances are that not too many investors will come in, because there is a lot of FUD going on, given the fact that market conditions are down. in addition, launched coins can have very low prices. most likely the price can make the launch of a new project fail. this is my view. mostly I also see that new projects will be launched when the market has started to recover or go up.

If you believe in the core values ​​of your project, you should focus more on the important things like community and utility, leave out things that have to do with market capitalization, if it's about the core values ​​of the project, then any kind of market doesn't affect its development. Now that the market is getting more bearish, you have more time for development.

It is a good thing if you prepare and launch the project during the bull run but of course, it could slow down your projects when projects launch at the same time, most projects will avoid launching at the same time as some of the small projects to avoid getting overpowered by the bigger project, I mean investors don't really have all the money in the world so if they are going to invest at the same time they are going to invest to projects that have a big hype on the community since it has a higher chance of getting a good profit.

You have a point of having a chance of standing out but the community is just so small at a bear market, so in my opinion, comparing the possible profit that could earn on Bullrun vs bear is enormous in my opinion. I personally know developers that launch projects that didn't go well on the bear market standing out and delivering what you promise is not an easy job so standing out is not enough if there were only a few investors that are going to invest. When the project fails or didn't get that attention it's always difficult to recover even when the bull run is back.

It's true that bear markets can be challenging for new projects in the crypto space, as market conditions can affect investor sentiment and willingness to invest in new ventures. However, it's important to remember that successful projects are often built on strong fundamentals and long-term vision, rather than short-term market conditions.

In bear markets, investors may become more risk-averse and seek out projects with strong use cases, experienced teams, and solid roadmaps. It's important for projects to communicate their value proposition and long-term plans to investors and the wider community.

Furthermore, DAOs like FireDAO have the potential to create a strong community around the project, which can help drive adoption and engagement even in challenging market conditions. The use of PID and FID soul-bound accounts can also create a unique value proposition for the project, which can differentiate it from other projects in the space.

Overall, while bear markets can be challenging for new projects, it's possible for well-designed and well-executed projects to succeed in any market conditions with the right strategy and community support.

No its very bad timing for new project to enter on bear market season because many people are in hold position because they are afraid about the dumping stage happening in the market.

And pushing to launch a project in this situation might cause failure because provably there are low number of investors will support the project because majority are afraid to release some funds because either they are stuck and their balance is on exchange or maybe rather they don't also see this time as perfect time to invest since its risky for them.

   -   If the flow of your plans for the project is going well, I don't think the current bearishness of the market is an obstacle. As long as the team and the roadmap of your Firedao are transparent, you will be able to do it little by little, the result will be good.

But you must first establish your community that will come in and support the project you have, why don't you try to have a giveaway or airdrops called, because many communities here in cryptocurrency are looking for that, this is just my suggestion again.

It could be one reason but not all investors have that kind of mindset and just hold during the bear season because many of them are looking for a gem, particularly in new projects. However, it couldn't assure also that they will pick FireDAO in this case, unless they saw the potentiality of this project. It is very important for their team to make this project visible to the community as early as possible in order to assess it. Might not instantly get a bunch of investors but if they are useful to the community, not impossible for them to gain interest and more investors to come when the bull season comes.

It all depends on the concept implemented by your product, there are some ideas that get out of line or are rather disappointing and even tend to hurt some investors, at least if you want to run a project in a bear market, have a unique concept or an accurate idea. Sometimes some investors see conditions.  that, but most of what happened there were not a number of projects that were currently standing did not have the interest of buyers from investors and in the end made the project dead or smelled of fraud, obviously this was what happened a few months ago, maybe we can feel the impact when  the 4 year cycle is here, surely there will be many projects that lead to projects that are not very clear in direction..

If a new project can survive during a bear market, it will become a good sign to invest because they have a good utility to maintain its token price, they have good communities which support in the bear market, they got a real roadmap which whatever it's bear or bull they keep to develop their project. Launching a new project during bear market will be the tough one because we need to know the right utility in bear market, we need to search good community to support the project, and raising enough funds is hard due to a lot of people not being interested to invest in crypto during a bear market.

with market conditions that are experiencing bearish, we can be sure that the project will experience setbacks, this is caused by a lack of investors participating in it. Isn't it when the project is launched they want many investors to contribute with it? But if the market conditions are bearish how will investors do it while their estimated assets are decreasing. because of this I think launching a project during a bearish market will greatly affect the progress of the project.

Tough time don't last, only tough people do, that is what define any coin that survive Bear market. One of the reasons why teams prefer to launch projects during bull runs is that it is so simple to raise money from investors, whereas in a bear market, it is challenging to raise $100k from investors, even when you have a good representation of projects to show investors. However, this has the drawback that these projects often fail because investors want to sell and take their profits, which causes them to fail quickly. Those that appreciate the initiative, however, will stick onto their coins during a bear market and won't sell until another bull run.

Project managers may need to create a strategy that is appropriate for bear market conditions. These strategies can include a number of things, such as cutting costs, collaborating more, reducing risk, providing flexibility, and so on. If, with good planning, the project can be structured to grow and profit even in a bear market, it may be a good idea to start a new project. However, it is still a higher risk than in a bull market.

Not all new projects dump during the bear season, some survived during the bearish market and dump during the bullish. Innovation of crypto projects during the bear market is actually a terrible idea because there's more risks to be nailed higher chances of funds losses. However I totally concord with the fact that new strategies needs to be implemented in the market inother to control the risks involved. I'm definitely studying every single day inother to gain lengthy experience in the market and how it operates entirely.

Yes and no. It will depend on how the investors will react.

Be aware that they will try to save as much money as they can during the bear market and pour it all at the right time when the bear is deep. This is where new projects could take advantage of market fluctuations. But if you cannot present a high-quality project to them, then you might as well just work it out during a bull. That's when investors could probably sell their coins and take the profits. High chance they will use the rewards for another investment with an opportunity to end up as good as the first one.

It's definitely a valid concern that bear markets can have a negative impact on new projects, as investor sentiment and funding can dry up during those times. However, it's also important to remember that a bear market can be a good time for projects to focus on building and improving their fundamentals, which can lead to long-term success once the market turns around. Ultimately, it will depend on the specific project and how well it can adapt and navigate the ups and downs of the market.

In bear market, some people are always losing confidence in bitcoin, if people can lose confidence in bitcoin, why will they invest in altcoin? so if you launch any altcoin in bear market, people won’t invest which at the end the project might die. The best time to launch a project is during the bull run when everyone is pumping money into the market. And that’s why you will discover lots of new projects during the bull run, project owners should always use bear market opportunity to build there project and they can launch it during the bull run.

Perhaps you can have a look on our project to see whether is it a gem or not. This is our Twitter, https://twitter.com/FireDAOlab and here is our first DID product, FID https://app.firedao.co/MintPassport. And you can find more information from here https://bitcointalk.org/index.php?topic=5441307.0 . Would like to listen to your feedback.

Thanks for your words and this do encourage me and team alot. I believe investors will never stop looking for good project and when bull is back, we have confident that we will attract more attentions as we already built a solid foundation and ready to shine.
This is our Twitter, https://twitter.com/FireDAOlab and here is our first DID product, FID https://app.firedao.co/MintPassport. And you can find more information from here https://bitcointalk.org/index.php?topic=5441307.0 .

Thanks for your suggestion. Yea Airdrop is part of our plan and it's on the way. You may follow on our Twitter for more information, https://twitter.com/FireDAOlab. Here is our first DID product, FID https://app.firedao.co/MintPassport. You also can find more information about FireDAO from here https://bitcointalk.org/index.php?topic=5441307.0 . It would be awesome if you can give me some feedback about this project.

yes, it seems to push the progress of the project during a bearish market is a bit more difficult when compared to a normal market, or in other words that every investor is reluctant to join in a new project considering the assets they have are still stuck in their exchange.

I would love to, but about your web page...
Most of the links don't work so i am not getting a full picture on what are you trying to accomplish. The whitepaper link in your homepage doesn't work either, which most definitely should be available for before minting would be an option. I don't have a clue what benefits i would have by being a preliminary member or what kind of adoption you are aiming at.

Just assuming that would want to jump on a bandwagon and mint anything without knowing what i am getting into is sadly a red flag for me. I'll get back to you after i get change to read the whitepaper.

It is a known fact that during the bull run that is when almost all the projects flood into the crypto-currency market in order to make profits and the boost the project.
It is also another known fact that after the bull run, all the projects that flooded the crypto-currency market begin to die off. Especially the ones that are not genuine and do not have a very intelligent and smart team behind it.

It will be a test of resistance and residence if you launch your project during the bear market.
This is because if your project can survive the bear market that means it is a good project and the bull market will boost their Project.
The implication of this is that no other bear market will affect your project since it was created during a bear market.

Definitely not. It is like washing your car during a heavy rain. What's more likely to be an outcome is that your project will be pulled down by the bearish trend, ending up with losses or failure of the project itself. We've seen this from the past. During bearish market, most of the projects or failing and the reason I guess is doubt and hesitation on investors' end which triggers a domino effect; Market price behavior, to interest of investors, to outcome of the project. But again, this is not to generalize. There are just some hood projects which manages to succeed despite of the market price action or trend line. But for sure, those are rare instances.

This is why I think it is a no for sure. I am not saying that it is a good thing or a bad thing, but I am pretty sure that we are talking about a situation that is harder than the bull market and that is a fact. If you are in the bull market then even the stupidest things could make some money and get a huge funding, but when we are talking about the bear market even the best things could have hard time getting some funding.

When you know this as a fact, it means that launching during a bear market is not a good idea at all. The "good idea" part is the real question, it is not a good idea, wait for it to be a bull market and make the project as polished as it could be and you can make more profit during bull market.

There is one clickable link called firepassport but the other two is not yet available. It says coming soon. You need to click on the firepassport one and you will be redirected to another page which contains a lot of features and information.

I think there is also information on the bitcointalk link that he gave there above. You can just go on there directly. We must of course read the details about the project if what they are used for and not just mint the NFT straight away because you can only lose your money this way and you may not get anything in return in the future because this project may not be useful and they can not attract more people to invest on their project.

Indeed in this case not all but most will be like that. The current condition for a new project is clearly a bigger risk than an old project, even though it's good from a management point of view, but when trying to keep pushing with the current timing, it's clear that this will be a very big risk, I think, because in conditions like now, with the storms constantly crashing the only risk is that the first two of us are carried away by the storm and the second we can survive but the conditions are bad. I think this needs to be thought through carefully.

Indeed, it will have more obstacles if launching any project during the bearish market. because most of new projects are not able to survive much in the bear market. But, there are also some certain projects that can be hype enough and able to rise up very highly even during the bearish, but unfortunately, they cannot maintain and survive longer in the market, and will be dropped after touching the top price. Tis is challenging. but as long as your team is very serious and professional to bring your project up again, no matter it is bear or bull market.

Not really on the winning side OP but I know investors are choosy enough when picking projects to invest with.

What I can see during the bear season is that you can't really make a good price on your coins, the demand is low and the price is low. Unlike when starting during the bull season when you can actually set the price high already. But of course, this will also matter on the potentiality of your project OP. You can never do this if the demand is low, this would never happen if you can't attract investors to choose your project because if they have a reason to pick your project, then we can say that success is not impossible.

The launch of a new project during the season is quite possible, if the project is based on an innovative idea. altseason is too short to have time to raise enough money, and to make a listing on good exchanges. That is why most successful projects are launched during bear season.

the launch of the project can actually be anytime depending on optimal development if it is in a bear market, but if he can survive until the bullrun and get big profits, it is a successful project

Bear market surely have a hard time gather supporters and investors because many of it are afraid of investing on new projects but still depends on what project is all about, partnerships and backers of the project. Still it's l worth it to make a progress of the development of the project that is focus on the long run and use case of it.

@o48o ,Thank you very much for your attention and support to FireDAO, and also thank you for your valuable suggestions.

We have been preparing for FireDAO for almost a year now, and the white paper has not yet been finalized, and the roadmap is still being determined. Therefore, our official website content is not complete yet.

In the next week, we will focus on optimizing the content of our official website and uploading the white paper to it. We look forward to receiving your feedback after reading it.

Once again, thank you. FireDAO needs more valuable suggestions. We hope to build a strong community during this difficult time in the bear market.



@KingsDen, my dear old friend, we meet again! I'm back~

I am very happy to see your valuable suggestions. FireDAO is a project initiated by me and my team. After careful preparation, we chose to launch it during this bear market. However, we firmly believe that the bear market is the best period for construction because there are fewer bubbles here and everyone is looking for gems in the bear market. I believe that FireDAO will be the most brilliant gem.

I also hope you continue to give us suggestions. FireDAO will not let you down.

Well if you can make it in bear market you are good.
Best bases are to have a community which is ready to commit.
Out of cero, not having planned will certainly not go very far.

I believe that bear market is a building season for projects. For sure projects that has a little to no funds will struggle at the bear market but those projects who has funds and only intended for the project building will take the advantage of making potential investors see their growing project and there will be no rush in developing, The result will be quality for sure. I've seen project that build in the silence last bear market and took advantage of the bull market with a working product which users enjoyed. Let's take axie infinity as an example, We all know that they made a significant advantage in play to earn hype last bull market and it's because they have a working product that had they have been developing since the last bear market. Today they are still building and hoping that they could get a second chance in the market popularity.

Almost all Binance IDO projects perform well after even a few bearish cycles. It all depends on who owns the project and what kind of partners they have. Usually it is the little-known projects that become the most successful after a bear market. The most recent example is Aptos.

If the project has the potential, then it will shoot anyway. And if it is an ordinary clone of something already created, then it is much more difficult. It takes time to create a project and it can be beneficial while the project is developing.

If the whole point is to shill, then even during bear market the shilling will not be a good one because they would not care about it at all and people would just simply ignore it. Why would we care about something when we all know that it is not going to be so simple and it is going to end up with a trouble in the long run?

I am not saying it will be the best case or anything like that of course you could be terrible during the bull run as well and there is no guarantee, but at least you would have a better chance. No idea about all this fire or whatever thing, it is just shill but you won't get any attention with that type of low level shilling here, not during bear market at least.

2018 proved that it was never a good idea to launch a project during the bear market if you've got no long term goals for what you're working on. I've seen projects die off easily from there and then lost track because they're not committed to what they're working on. But, I also saw a few projects that introduced themselves on that bear market and didn't stop from there and managed to reach the bull run and then, that was the time that they found success. By looking at the two situations, you can think of it and have an idea of whether you'll have what it takes to pursue the project or just stop.

This will depend on the project and their implementation, bear market can also be a good opportunity and there are some projects who launched their project during bear market, you might not see the mass adoption right away but as I can see now, they are slowly building a good reputation and the project is really doing well despite of the bear market, if you are an investor you have to anlyze if the project is worth the risk.

Well, in fact, there are so many ICO projects that failed in 2018, whether they are still selling, those that are just running, or even those that have been on the market for a long time. However, at that time, all asset prices fell, and people tended to prefer holding their digital assets or adding to popular assets like bitcoin. However, if it's just introducing the project, and attracting potential users, it's still a good idea. IMO, in bad market conditions, and the prospective project to be developed can overcome this problem, then that can be a good signal to sell after a bear market occurs. however, selling in a bear market is still a bad idea.

I think if they have a unique approach to promoting their project, why not?

There are lots of people out there waiting to invest in the right project and if they really have a legit one, they might get huge numbers of investors in the first phase of their launch. Just like the NFT games a few years ago, they don't really need to sacrifice some time to promote their project, they just let the players do the work but unfortunately, those games turned out to be scams or just some pump-and-dump crypto games. Too bad for them, if they were just real and legit, they could have grown it until today but they choose the bad side of the story.

I think the timing might not right but as long as it brings real value to the community, ppl will see it and if it can survive through the bear as well, it is definitely a gem. FireDAO is one of the ambitious project that working hard to survive through the bear market and is building the community. Hopefully we can shine bright in future.

I believe there are alot of great ideas and concept but just some ppl misuse it for their own benefits. Throughout the year ppl learn from the pain and gained experience. I believe the decentralize community as grown alot by knowing how to identify a legit project . FireDAO is one of the team that work hard to provide true value and hopefully the community understand and see it.

Don't think it is a good idea to launch a project during the bear market.Most atimes the project won't be able to secured enough funding because most people are afraid to make an investment during this type of period,better to wait till the market becomes more stable before launching a new project for the progress of both sides.

The market is going through a very bad situation since 2022. As far as I know new projects have been successful but most have turned out to be scams. And there are other projects that have tried hard but so far haven't taken off well. But the market is slowly getting better, you can go ahead with your project. No bad or good timing is required for project success. If you have far-reaching efforts and good future plans, you can definitely make your project a success.

if the project main funding coming from crowdfunding then get ready not to achieve your target but if it's airdrop based, it will become famous just like aptos only if the project it self also have quality.
bearish is good time for freebies and usually developers could get some free marketing from the airdrops, but if it's about gathering money from the masses forget it, it will fail.

I like investing in projects that are built during a bear market because most projects that have already tasted a Bull market might not reach old ATH anymore due to the relaxation of the team.

A bear market is the best time to launch and keep building, all investors need to see is a good utility with an active team and good partnerships, this will surely bring in a good amount of investors.

This is like just looking for your own profit without thinking about the people who have participated in a project that has been designed but it's true that if everything is made difficult for people to introduce the project it will likely be difficult to develop. I think if only looking for a moment's profit it will not last long and make everything destroyed.

The larger your community is the easier it becomes.
Now as influencer geht charged for spreading or chilling coins they are hopefully more cautious.

As long as the project is quality, undervalued during the down period, the community is still interested.  Of course, they will also face difficulties and disadvantages due to having to save on input liquidity, but good performance will help them overcome.  Personally, I like to look for undervalued projects with such long-term growth potential, even a bear market is ideal for executing a plan and capitalizing on such seeds.  Launching a project when the market is down is sometimes a project that shows seriousness and bravery, …

I don't think it's a good idea to launch a new project in a bear market. It is very difficult to survive here especially for those who have no previous acquaintance. We have seen many projects fail to withstand the pressure of this bear market. So in theses matters I thinl it will be very difficult for a new project survive on this bearish market. However, if the project team is strong and well skilled, I think those projects have a successful future in addition to enduring the bear market.

It depends on the specific project, but generally speaking it is not a good idea to launch a new project during a bear market. Bear markets are characterized by a decline in asset prices, and launching a new project during this type of market would likely be difficult due to lack of investor confidence and liquidity. It is usually wiser to wait until the market turns around before launching a new project.