Over the years, I have noticed that there seem to be many Twitter accounts shilling projects only when the market is bull and they are nowhere to be found during the bear. What does this really mean?
- Are investments only made during bull?
- Are these project scams?
- Are they money-driven?
All of these questions have been ringing in my head for quite some time until Cz hit the nail on the head in a tweet which I will quote below;
Referring back to the question I asked at the beginning of this blog, Cz is saying that; the reason I see fewer Twitter accounts shilling projects while in a bull market are money-driven and not after building the project and helping the crypto community.
If you’ve followed Cz for some time now, you’d have noticed that he’s always screaming Build! Build! Build! regardless of what the market's candles are printing. This simply means that Cz is a good example of a project owner who’s after the development of the community. In this case, the advancement of the crypto space. Why are other project owners not like CZ?
Well, the crypto space in recent years is seen as a means/medium to earn money. This implies that the majority of crypto users are honestly money-driven. We all want to make money because we are into crypto. The same theory applies to project owners too. Since we entered the bear market, I barely see projects' Twitter accounts tweeting their development updates. The only shillings I notice these days are NFT-related projects but not as they were at the beginning of the bull run.
Similar case on the Hive blockchain
I sometimes see the Hive and other similar blockchains as a testing ground that differentiates between money-driven users and those who actually love creating content regardless of the price and upvotes.
Back in the days on the old chain(steemit), there weren't munch users from my home country on that chain. I and @josediccus were the few first users who were blogging regardless of what the price was. Later that year, we entered the bull market, and altcoins shinned. This was when I noticed different users from my home country claiming to be boss on the chain. They milked the system in the name of onboarding users. After the bull, the bear came, and they all disappeared.
I'm not attacking them for their acts but only stating how the price of $hive for example could be a catalyst to the number of active users on the chain.
Answers to my questions
- Are investments only made during bull?
Bull run could be seen as a catalyst for massive investments on projects
- Are these project scams?
Most scam projects don't operate or show up during the bear market. Which makes it difficult to spot them during bull
- Are they money-driven?
Projects that disappear and appear because of the state of the market are no doubt money-driven projects.
According to Cz, let's Avoid them like a plague.
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Even though 99% of all crypto users are hoping they make it big in this space, leaving the blockchain during the bear tags the user or project as money-driven.
The whole point is to encourage us to stay and engage with the community no matter what.
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You're absolutely right, you and I remembers those guys from steemit, they really milked the chain in the name of onboarding and most of them if not all disappeared when the dip hit the chain, they're losers in the long run, one thing I can say is, being seasonally enthusiastic about crypto spells the fact that the game isn't for you. Cz is a builder, look at the man.
@tipu curate
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Upvoted 👌 (Mana: 39/49) Liquid rewards.
I can literally call them losers in their face if I see any of them irl 😂
Omo, they're the biggest losers because they felt steem was a money grab scheme. I remember the one from port Harcourt, ejemai 😂😂😂
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