Bear markets are indeed the best time to build a project in the crypto space. That being said, it also can be really tough. It's tough to find funding and it's tough to find product market fit.
That being said, you can find a lot of benefits in the bear market. Building quietly and dilligently is a great thing. In fact, I wrote a post just the other day about how Hive achieves this on a blockchain level and why I think that is super beneficial .
In this clip, we talk about how to build your first crypto project:
- Joab: Test the waters with a project that is not too ambitious too early
- Find a trusted dev to get things off the ground, the cofounder is key to be able to depend on things you can’t do by yourself
- Admit you can’t do it all alone
- Set a plan and take small steps at first to achieve a greater goal
- Adrian: Find a ‘why’ for the ideas that come to the table
- Conceptualize the ideas, give them form before actually doing them
- Just get started, learn in the process, the web3 allows this
- Collabs are easy to find, just set to it
- Crypto allows starting up an idea for non-experts, so many tools in the space
- Don’t wait for a better market, people, tools, just get it started. Doing great things attract the right people
- The vision can change as the tech progress and things change
- Resilience is the #1 advice for crypto entrepreneurs starting anything
- Example of the tree in the storm. Nothing wrong with changing the vision
https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo Discord: https://discord.gg/E4jePHe Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/ Microblog on Hive: https://leofinance.io/threads LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP Hivestats: https://hivestats.io LeoDex: https://leodex.io LeoFi: https://leofi.io BSC HBD (bHBD): https://wleo.io/hbd-bsc/ BSC HIVE (bHIVE): https://wleo.io/hive-bsc/ Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com PolyCUB (Polygon): https://polycub.com Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
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Return from Chain Chatter Clip: Our Advice for First Time Crypto Entrepreneurs to khaleelkazi's Web3 Blog
