How Can Crypto Communities & Influencers Become Top Tier After The Bearish Market?
The current state of the crypto market is fluctuating, more specifically, it’s in the bearish pattern that everyone is afraid of the death of the crypto market. Even worse, many crypto communities and influencers have to stop most of their investment and start losing trust. Thus, how can crypto communities and influencers become top tier after the downturn market is a big question!
Analyze Market With The Financial Mindset
In the bear market, the most important thing for crypto communities and influencers is capturing the market signals of the mindset of a financial man, not a follower. This means they must analyze the market situation based on the logic, the stakeholders, and the problems involved, not just “what other crypto communities/influencers are doing?”. Yes, admittedly, observing the moves from other related firms but they must be crypto analysts, the renowned businesses impacting the market, not the herd mindset — following most of the majority.
8 things you should question when analyzing the project:
1. Examine the whitepaper for the token: The whitepaper for a token contains the team’s goals for the project as well as the token’s use cases. As a result, you’ll be able to tell if your objectives are realistic.
2. Take a look at the project’s team: Ask these 3 questions: Has anyone ever worked on a respected project? Are they trustworthy participants in the blockchain ecosystem? What are their credentials?
3. Take a look at the project’s social media pages: Keeping a close eye on the token’s community on social media is a proven way to invest in an ICO. This is where you’ll find out if the project has a large community behind it.
4. Determine the legality of the situation: You must ensure that your country’s regulators have not imposed any restrictions on participation in such offers. ICOs are still uncontrolled in a lot of jurisdictions, however, regulators in some are working on more user-friendly regulations.
5. Check to see if the token’s project is addressing a serious issue: One thing you should ask yourself before investing in a token as a savvy investor is: What unique problem is this project solving?
6. Find individuals you can trust: Following credible persons in the crypto sector will be beneficial. These should be experienced persons with a thorough understanding of the ecology and the ability to provide sound recommendations.
7. Stay up to date with the token’s project announcements: Following the initiative on numerous social media outlets is a smart idea. These channels will keep you up to date with the most recent announcements.
8. Timing: Given that there are bear and bull markets, you need to know when is the best moment to invest in the project.
Don’t Close Your Door With Potential Projects
At this point, the bear market is the golden time for buidlers to develop something great, these great things will all come from the downturn market, not in the peak market. Like the dotcom bubble in 2003, when the dotcom trend became huge. Hence, analyzing the market with financial logic also means seeking potential projects during this time. Put your investment wisely in the potential projects by DOYR about the projects and select yourself (or with other professional and rational advice). When finding the hidden gem, certainly, the crypto communities/influencers should be open-minded to those projects. Put investment and support them until they go to the moon.
Why should they take that risk?
First, it’s not risk, it’s the opportunity. Of course, the risk goes with the opportunity, but once it goes big, you will go big too.
Second, your aim is to become top tier after the bear market. Let’s think of how many other crypto communities/influencers dare receive project allocation during the downtrend market? Not many, to be honest, very limited. Because, in fact, most of the communities/influencers in the market right now are not top tier, they gain certain numbers of members/audiences but not enough to gain a huge impact. Meanwhile, top-tier communities/influencers will always have a professional team, or themselves are professional enough to be wise at analyzing the projects and grab the opportunities. But you are not that lucky. Therefore, being offered one project allocation (i.e. private sale deal), you should thoroughly consider it by analyzing the project carefully.
Believe In The Product Values & The Founding Team
Never lose faith. Once you see the potential, you test, you analyze, you ask for others’ perspectives, and you decided to collaborate with a future great project. However, everything will be affected by the market pattern for sure, so the project values could be threatened several times. However, stay patient. The great thing needs time to be proven, by the community, the users, and the market.
All you should do is support it at best and firmly believe in the concrete founding team’s profile. Discarding the financial aspects, we are all working with each other by faith, if you lose faith, you lose the relationship and the opportunities that go along with that relationship. If you already scrutinized the founding team’s profile beforehand and felt totally convinced by their ability, why don’t you keep going believe in and assist them?!
Money Is King But Opportunities Are Limited
Money, for sure, is important, but the opportunities are limited.
If you and your team are seeking a significant leap in growth hacking your community, the first and foremost thing is always to offer them the opportunities they desire. It’s hard if you must search for the starting-from-scratch project, as those hidden gems are usually… hidden. They will not publish much of the information for you to actively search and put investment in. Therefore, you and your team should join as many communities as possible, find your interesting project, and read all the blogs and social media content for that project to figure out whether they’re working for the common good or not. If yes, just actively contact them for the cooperation opportunity.
More luckily, they will actively approach you and ask for collaboration. All you need to do is read the proposal they sent, set up a meeting to ensure the project’s ideas, and request them to send the information of their founding team, the core partners as such so that you can evaluate the potential. Then, for sure, just accept their project allocation. That project will bloom due to your analysis, not for the bearish or bullish market pattern that you cannot control.
Not getting much of ROI or getting the ROI slowly does not show anything about the project’s ability, just remember that in the saturated market, many projects quickly IDO to surge their token value, but they die out soon for the unsustainable use case. You cannot predict how the macro market could be, but don’t be so rushed on ROI. No money is easy, and money is important but the opportunities are limited.
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