Is launching a new project during bear market a good idea?? 🤔

[Luffygroove]

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.

[avp2306]

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.

[Mr. Magkaisa]

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...

   -   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.

[Kelvinid]

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.

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.

[samuraijin]

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..

[LastKiss]

~snip~
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...

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.

[cafee_orange]

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...

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.

[Dragonfund]

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...

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.

[solehdavid]

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.

[borovichok]

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.

[danherbias07]

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.

[JayTrain]

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...

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.

[Stable090]

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.

[FireDAO CY]

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.

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.

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.

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...

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.

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 .

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...

   -   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.

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.

[abralzain17]

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...

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.

[o48o]

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/

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.

[KingsDen]

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.

[Yatsan]

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.

[SquallLeonhart]

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.

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.

[SirLancelot]

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/

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.

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.