Why the bear market is the best thing for crypto

Many people are labeling crypto as gambling or a poor investment in this sub. These are people that lost money, have no real intention to use crypto for its purpose at all, and we’re only in it for appreciation.

This massive bull run created so much overvalued and useless projects it’s beyond belief. Don’t get me wrong, there are numerous coins with a solid foundation, but many are filled with networks of copy and paste crap from already developed dapps on ethereum. Some coins are currently unusable with multi-billion market caps that can only give staking rewards(I won’t name them). All of these lazy and non-innovative projects will now falter in this bear market. This down turn will now force people to innovate if they want to survive. Innovation will make the future of crypto even brighter which will foster adoption.

Keep your heads up ya’ll. Crypto is here to stay. Have faith in the future and most importantly don’t over-invest in any single asset class.