BearMarket Degens - White Paper
Keep your chin up and remember that the crypto-normies merely adopted the bear market. Us degenerates, we were born in it, molded by it.
Last updated
Keep your chin up and remember that the crypto-normies merely adopted the bear market. Us degenerates, we were born in it, molded by it.
Last updated
The 2022 bear market has been tough on us all. However, this isn’t the first cryptocurrency bear market and it won’t be the last.
The technical definition of a bear market is where the market falls by 20% or more from the 52 week high. A bear market is generally marked by investor pessimism which can cause prices to continue falling, adding to further negative sentiment.
The negative investor sentiment that a bear market attracts can be stressful and nerve-racking. Its important to remember that bear markets can help you create life-changing wealth.
It's no secret that bear markets have historically been some of the best times to buy assets, including digital assets like cryptocurrencies and NFTs. The dot-com bubble (early 2000s) and global financial crisis (2008) wiped trillions of dollars in equity value off the market. Those that bought the dip and held stocks like Google, Microsoft, or Amazon would go on to unlock some of the best returns in market history.
The BearMarket Degens NFT Collection features 10,000 digital collectibles, each with a unique set of characteristics. We’ve chosen to mint on the XRPL as its fundamentals ($0.0001 tx costs, 3 seconds/tx) align with our ‘no thrills’ and ‘under dog’ ethos.
The BearMarket Degens community has been established as a space where fellow investors and traders can come together to support each other during periods of economic turmoil and market volatility. NFT holders will gain access to exclusive channels containing research and analysis, including macroeconomic updates, trading strategies and cryptocurrency/NFT investment recommendations.
