Amid the crypto market crash, some analysts feel that current conditions will weed out the bad actors and open up more chances for future benefits. In bearish market conditions, traders mourn over the unfavourable price movement and relative difficulties in making profitable deals. Several renowned crypto experts think that now is the moment to take actions that will result in the biggest rewards when bullish feelings return.
On May 27, Polygon (MATIC) co-founder Mihailo Bjelic remarked that the current market crisis and recent significant sell-off were just what the market needed. Bjelic feels the market got “a little bit irrational, or a little irresponsible” as the overall crypto market cap increased by 12.5 times between November 2019 and November 2021, outpacing most other traditional markets. At the moment, the market is going through a significant downturn. According to the sources, the whole market cap has decreased by 60% since November, from $3 trillion to $1.2 trillion.
The DeFi Edge analysts provided context for the concept that bear markets provide benefits that are consistent with the objectives of the majority of market participants. This line of reasoning is based on the observation that during a down market, fewer new market participants arrive, which fraudsters regard as possible targets. The Bitcoin (BTC) transaction volume peaked at 335,411 on November 9 last year, corresponding with the price peak.
Bear markets are healthy for the growth of Crypto.
The deadweight gets removed and Crypto can soar to new highs. pic.twitter.com/5wKEzHxy6B
— The DeFi Edge 🗡️ (@thedefiedge) May 28, 2022
Lower activity equals fewer opportunities and lower profits for many scammers, so they tend to go away. According to Jason Ye, a partner at crypto investment firm ROK Capital, when prices and activity are lower, bear markets are ideal periods for traders and builders to set the groundwork for greater success when market emotions change.
In a tweet on May 28, Alex Becker, Gaming Maker of Metaverse game platform Neo Tokyo, mirrored Ye’s sentiment in a tweet. He also believes that bear market purchasers are the most likely to earn during the following bull market.
The funniest I’ve realized about crypto twitter is everyone gets toxic and bitter as fuck in a bear market.
Which is ironic because all the money is made Buying in a bear market.
Most losses come from buying in a bull market.
Shows how ass backwards this place is.
— Alex Becker 🍊🏆🥇 (@ZssBecker) May 27, 2022
According to him, “all the money is made buying in a bear market.” Most losses come from buying in a bull market. ” Although buying low and selling high should be the primary motivators for crypto market players, Becker claims that during a bear market, users on Twitter are the most irritable, which he describes as “ironic.”
