The time has come
It is hard to imagine what it will look like in the future. But one thing is certain, if we don't build now, we won't have anything tomorrow. This basic principle seems to escape many. Not only is this the best time to BUIDL, but it is also the "cheapest". Building in the cryptocurrency space often requires acquiring digital assets. These assets are for sale and likely to get even cheaper! It can be somewhat challenging to continue unabated while so many people are simply losing faith. What is encouraging is the fact that this is nothing new. This is how the "story unfolds" not only in the crypto space, but in many markets. Let's remember this simple principle: Money is made in bear markets and realized in bull markets. It will always be that way. Think of a bull market as seasonal rains. If you haven't prepared for some type of watershed, the rains won't do you any good. It never ceases to amaze me how people simply "arrive" into a bull market and expect to "make the bank".
The smart one remains undeterred
A recent post by @taskmaster4450 on Leofinance addressed the goal of reaching a $100 million ecosystem. Given where the market is right now, it may seem out of reach. However, instead of being discouraged, development and growth continue. This is the right way to think. If you look at what has happened at Leofinance over the past year, it is quite impressive. Both PolyCUB and Threads were launched in a bearish environment. The team continues to build regardless of valuations and general market conditions. LeoGlossary was also launched recently, keeping @taskmaster4450 elbow deep. It's great to see that the projects I've chosen are so proactive at a time when many are simply complacent. The hive was generally a source of motivation during this bearish phase. The development was unprecedented.
This has to be done
Facing the task at hand is critical to actually getting started and staying active. You may not be a developer, but you'll still need to build something, one way or another. You will need some kind of catchment for the future rains that are on the way. This is probably the best time to ditch procrastination and laziness. The last quarter of 2022 is likely to offer the most amazing deals in my opinion.
A common misconception
I have found that many consider generating passive income to be a type of investment. In other words, some kind of interest or income producing investment like DeFi or staking. That's true, but it doesn't have to be. There are many different ways to earn some form of passive income, and not all of them require investment. Some build networks through affiliate programs. Many are looking for ways to earn royalties by selling e-books and other products. It's simple, if you want to create passive income and don't have excess funds, you'll find a way! This is why some continue to succeed while others continue to complain. Choose your side. Of course there will be future bear markets. However, this one in particular will go down in history as one of the greatest opportunities. Just remember, it's not over. Many subconsciously see the recent lows as a bottom, which I think is a bit premature.
Final thoughts
We stand on the precipice of a significant revolution and shift in our economic constructs and practices. This is BUIDL time. We will not get this opportunity again. Time doesn't stop for anyone. Enjoy the journey and try to do just a little more each day and you will be surprised at the progress you make! See you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is solely my own opinion and not financial advice. I use affiliate links. A purchase or interaction with any third party may result in me receiving a commission. In some cases, using an affiliate link may also lead to a bonus or discount.