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Strategy: Sticking to projects with active development

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by COINS NEWS 124 Views

Hi everyone, with the bear market here, some of us are down about 50% (some even more). During the bull run, you could throw cash at any project and you'll be sure to see some gains. But in a bear market, that could potentially last years (hopefully not), we should adjust our strategy accordingly.

To me, investing in projects with active development is key. At the end of the day, if the tech is good (along with solid use cases), it should survive the bear market. Hype doesnt get us through bear markets.

One key metric for me is the number of github commits. The more active development teams often have multiple commits a day. Having a solid roadmap is important, but if no development work is happening, then it's a huge no-no from me.

Another is how open it is to open source development. I prefer projects that allow the community to be involved and encourages building on top of the project (be it DAOs or NFT projects).

Currently, I'm buying into ETH, ERG, CKB mostly. I'm doing my research on DOT right now, so I haven't bought any.

Do you guys think this a good strategy? What are your strategies going into the bear market?

submitted by /u/iftttTestAcct
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