"Price fails, goods prevail"--- dani-asi. There is a need to let these fours words sink deep. The question of how soon is the next bear market is already echoing in the head of many investors. Is there a need to rearrange my portfolio? Perhaps move it to stablecoins like the hive backed dollar ($hbd), or should I hold on just for a little while? Why should I? What if the prices fail?.
Investors are already asking such tons of question. Can you blame them much? Partially I would say yes, personally I am not not a fan of price hype pursue. On the other hand you can also blame projects developers. We have seen projects in the cryptocurrency industry only bent on price, all they tell you is 'how much' in price this projects will be worth in the future.
So what if this price fails, what next? Should I guess? Abandon ship as usual, take what is left and zoom off. It's always discouraging to hear such scenarios occur in the cryptoverse when we are trying to grow convenience and confidence for new investors.
We've allowed the word 'currency' to really dominate the cryptoverse maybe it's because of it being called cryptocurrencies. Have you also considered the 'blockchain technology', a source which birthed this virtual currencies?. We should get used to how goods (economic) have always shown dominant power against currency. A unique and tactical feature of goods is that they are always in use or demand even when prices are high or low. When a commodity becomes a way of life, price does not stop it attention.
Coming back to the crypto industry, we've seen lots of altcoin sprouting after bitcoin's success. A bull market seemed to just summarize recently, and season investors may return to their hibernation. The altcoin industry needs goods or services as the case may be.
If the market will crash by 50% or more may not bother investors or further investment if there is a valuable goods on the table by projects in this cryptocurrency industry. We've seen the inception of tokenization,smart contract,non-fungible tokens (nfts), socialfi, gamefi,decentralized finance (defi),tradfi and others you can mention of. How can we scale these goods and services beyond price. If we keep promising prices, I see the same old story; market hypes and dips and unfavorable zig-zag market direction that continues to scare aware investors.
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Building projects that affects daily living will continue to go a long way. People don't buy or invest in price but rather value. How can we dominate the game industry, the vidoes industry( known to be the highest revenue generator in the social media industry). web 3.0 has surfaced presenting opportunities that this industry can leverage to dominate several sectors. So yes, innovation will take this industry far.
Staking and equity goes beyond Price
The price of hive dropped to the below $0.3 dollars after that all time high (ath) of above $3 dollars yet there are still faithful investors in this industry. When your staking is yielding reward token and equity, you are certain you'll get your investment capital with time even in a declining market.
You know the market doesn't stay down forever, the accumulating power of reward will grow your wealth because you are holding valuable goods. The idea of being scared during a bear markets is the absence of extra services. We have seen lots of services offered here, as I mentioned gamefi and socialfi in a decentralized platform.
Goods will always prevail
As I earlier said, goods have a hedge above price and blockchain tech application should fall in at the goods category. Pursuing and boasting of future price is creating a vulnerability vacuum especially in such a volatile market like the cryptoverse. The most important feature of crypto projects should lie on innovation. Creating those products and services that will draw users into adopting this system in their day to day business is enough to keep us going.
Yes price should not be undermined but should be the by-product of adoption, creating fair revenue generation and distribution. We've seen a lot lose their investment capital already during the bull market run. The green candles will not favor everyone eventually, but the reverse is the case in service rendering. We have seen fiat currency continue to lose value and there is a need to learn from the process.
To conclude, let me add, the fear of a market crash is based on the facts that we do not value innovation or because there is no innovation behind a crypto project we are investing in. If the crypto market will crash again depends on how ready blockchain project developers are to grow beyond price hypes. I wrote a recent article about how the ripple (xrp) network is planning to go beyond payment through service broadening.
Surviving the future possibilities of price decline is through innovation. Just like when looking at rare metals, it's important application continues to increase its value over the years making big investors always see them as safe havens during uncertain days. What are your views from here? Can we survive another market crash in case one occurs soon?