⌞ Bear Market, Where Does the Income Come From? ⌝

✅ Sincerely seeking advice, can any seniors share how to survive the bear market?

Currently, there are quite a few people working in the crypto space. In the past, many might have done it part-time, but now they are full-time in various roles like being a dog KOL for small ads, raising funds for infrastructure projects, launching meme scams, working at exchanges, and various agencies emerging like bamboo shoots after the rain.

🔸 Various full-time positions have provided many job opportunities, but I am curious, in anticipation of the future, where does everyone's income come from during a bear market? What is the unemployment rate in the crypto bear market?

I entered the space at the end of 2022, and strictly speaking, I have not experienced a bear market. Earlier this year, I did some small advertisements as a dog KOL to subsidize my earnings. I asked a few friends, and they all said that ads started coming in 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 teams had laid back, and everyone was just trying to survive, waiting for the bull market to airdrop, which offered very little income.

Not to mention that the project teams themselves had no money to pay salaries, how would they find dog KOLs to promote projects? Agencies probably had no income either.

At exchanges, employees might be caught in panic over layoffs and elimination of the bottom performers. Attracting new users? Like men on top of men.

For scams, the new entrants have long disappeared; even if they launched something, probably no one would take it over, right?

🌈 In a bear market, over 50% of people will not be able to hold on and will exit the market.

Those who made big money in a bull market might have accumulated funds to survive the winter, but those who did not make enough money could be the majority.

I wish, may Satoshi Nakamoto bless, and seniors share their winter survival stories. May good people live safely all their lives 🫡