⌞ Bear Market, where does the income come from? ⌝
✅ I sincerely seek advice, all you seniors, can you share how to survive the bear market?
Currently, there are indeed quite a few people working in the crypto circle; in the past, everyone might have done it part-time, but now they are full-time grinding for rewards, being KOLs to promote small ads, raising funds for infrastructure projects, launching meme scams, and finding jobs at exchanges, with agencies popping up like mushrooms after the rain.
🔸 Various full-time positions have provided many job opportunities, but I am very curious, preparing for the future, where does everyone's income come from during the bear market? What is the unemployment rate in the crypto bear market?
I entered the circle at the end of 2022, and strictly speaking, I haven't experienced a bear market. At the beginning of this year, I was a KOL promoting small ads to subsidize my rewards. I asked a few friends, and everyone said they started getting ads this year, so I sincerely seek advice from all the old OGs.
🍀 In a bear market, where does everyone's income come from?
At that time, the vast majority of project parties laid flat, and everyone was just trying to survive, waiting for the bull market to drop airdrops, which had very little income.
Not to mention that the project parties themselves had no money to pay salaries, so how could they find KOLs to promote their projects? Agencies probably had no income either.
Exchanges, employees likely faced panic from layoffs and being eliminated in the last position. Attracting new users? Men on top of men.
Scam projects, the new recruits are long gone; even if they launched, probably no one would take over, right?
🌈 In a bear market, more than 50% of people cannot hold on and will exit the circle.
Those who made big money in the bull market have funds to survive the winter, but those who didn't make enough money may be the majority.
Wishing, may Satoshi Nakamoto bless us, seniors, please share your winter survival stories, may good people live in peace for a lifetime 🫡