Michael Saylor was quick to suggest that crypto projects be regulated to filter the good from the bad, but we all know that he is only doing that to protect his bitcoin investment. He suggested this because he thinks other cryptos are affecting bitcoin’s credibility, this is why people like Michael Saylor will suggest that bear markets are good for bad crypto projects. At least this was what I believed until I had a deeper thought about it. Do bear markets really eradicate bad crypto projects?

During the bear market, bad crypto projects tend to tank even as worse as good projects because they have no utilities and value to offer. This is because there is no demand , and demand drive value, people get tired of the hype and leave the hype. That will only make the late comers who are at the bottom of the pyramid suffer. But do these bad crypto projects get eradicated? That is something we need to consider, when the price of the crypto project tanks really hard and people start to lose the value of their assets, who do you think suffers from this? The devs or the investors? I think the investors are the one to suffer more, or rather, the investors have everything to lose, the devs don’t have anything to lose.

If you know the process of creating a crypto token, you will understand why there are lots of crypto projects out there, all you literally need to do is go to one of these crypto token creating websites, choose the blockchain and have a token created. So during the bear market like this, the bad crypto projects die off, because liquidity has stopped flowing, but what do the dev do? They stay and cook more strategy and plans they can use to scam more people in the next bull run.

Bull Run Comes With Lots Of Liquidity

During bull run lots of people have a lot of money to spend and that involves unnecessary investing and gambling on crypto projects. This is what these bad crypto projects will use to come back and exploit people for more money. This shows that bad crypto projects don’t get completely eradicated. They are inevitable, they will always be there, what people need to do is to learn to control their greed and stop investing in them.

Crypto is meant to be decentralised, this means that regulation is close to none, so you and I can wake up one day and be like, lets create our token. Its possible on Hive on the hive engine. So expect new worthless tokens to get created every second. So to conclude this I will say bear markets don’t eradicate bad crypto projects.

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