It Shows

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The current market run has left a lot of us with decisions to make at every category of the stakeholder chain. If you're a developer and suddenly see the project suffer a major hit there is a temptation to abandon or at least be less committed to building the project especially when the project is a major part of one's earnings.

For large stakeholders there is always the question of 'how low is too low' and the option to simply cut all losses and make an exit. We saw the impact of really large stakeholders liquidating their assets with the Luna crash so that would spell further difficulties for any project (except BTC) that follows the trend.

For us smaller stakeholders the main question is 'are we bold enough to increase our assets?'. There is no doubt that millionaires are made during the bear market and this represents the best time to grow and close the gap as a small stakeholder. Yet the irony is that we smaller stakeholders will rather sell the little we have rather than summon courage to build massively.

We often complain about the rising inequality even in the crypto space but this represents an opportunity to somewhat close that gap. Yet a lot of us won't take it, some of us because of fear and others due to circumstances beyond our control. Yet I think our belief in the crypto space is largely tested during periods of decline like this.

I mean if we knew with certainty (time and date) when prices will rebound am sure we'd be seeing an outpouring of investments into the space. People remain casually committed cause they have doubts, but such doubts only means that we are probably in the space for the wrong reasons? Maybe it's just in my head.

I see people like @Cyrptoandcoffee already making five year projections for his crypto investment completely ignoring current price factors. I also see the leofinance teams for instance taking paycuts to continue developing the project which is the ultimate sign of confidence in a project. Of course it shows. By this time next year we'll be telling very different stories and I hope to finally make my debut on the right side of crypto history.

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11 comments
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Hang in there even bear season isn't all down. There will be ups and downs.

The community becomes a support group of sorts during the down market!

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Yet I think our belief in the crypto space is largely tested during periods of decline like this.

this is true, but we know also in our belief that this period is also profitable.

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Yes, falling prices hurt feelings. But aren't we here because we want a superior financial and trust system? Which means we shouldn't really care about fiat valuations.

Continue building that project, because you started it for a reason.

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Very well said. Current valuations mean nothing compared to what this space could potentially become...even from a value standpoint

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