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Home Cryptocurrency

Blockworks founder says crypto will reach stage 3 bear markets.

Wayne Russo by Wayne Russo
June 14, 2022
in Cryptocurrency
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Jason Yanowitz, Blockworks’ cofounder, identified the three stages that make up a bear market. He said we are currently in stage two with dramatic price drops. Markets will continue to stagnate and decline before picking up again. Those who persevere will be rewarded.

He encouraged the community to keep their roots intact and to be resilient in times like these.

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The stages of the bear market

Yanowitz’s description about the three stages in the bear market is based primarily on Fred Wilson, co-founder of Union Square Ventures.

Stage 1: The Unwind

Yanowitz described this stage as the “unwind”, where the market does not feel bearish. Investors are excited and hopeful.

The bull sentiment is still strong, greed persists, assets are above their support, companies are doing well. This is the stage where everything appears normal.

3/ Stage 1 does not feel like a bearish market.

It seems like prices are returning to realistic valuations.

Investors continue allocating, builders keep building…

In general, life is good. Only weak hands can sell.

— Yano 🟪

(@JasonYanowitz), June 13, 2022

Stage 2: Forcible Capitulation

Stage 2 is when bearish signs begin to appear brutally. The first stage is full of excitement, but then comes the second.

Prices fall dramatically at this point and crypto critics start the old chant “I told you so.” This negative sentiment quickly turns into a very negative one. Investors will sell at the lowest price peak.

Companies must take steps to ensure their survival, including downsizing. Particularly difficult will be those who depend on tokens to fund their operations.

Yanowitz said:

“In Stage 2, diamond sellers are forced. They don’t sell because they want, but because they must. Celsius might not want to sell, but they may have to. There will be more money, companies, and people like Celsius.

He argued that market entered stage 2 after the LUNA collapse.

Stage 3: Endless Exhaustion

Stage 3 is where the market ceases to exist. Anger turns into silence when there are no price spikes, commentaries or emerging projects.

9/ You’ll need to leave Stage 3 if you want to continue.

Regulators will make us fall.

Your most popular Twitter degens will be silenced.

Web2 investors will stop quietly allocating.

Talented builders will move on.

Companies will close.

You’ll question every assumption you had.

— Yano

🟪

(@JasonYanowitz), June 13, 2022

Keep in mind why you started

Yanowitz cautioned about the depressing and unsettling stage three, but urged them to remain resilient. The current community was reminded by Yanowitz that they are early adopters and that it will be decades before the new world is fully settled. The community will have to endure these crypto winters until then.

He stated:

“If your company is a company, you should do everything necessary to succeed. Stay interested if you are a builder. Look for other builders. Buidl with them. Develop your own thesis if you are an investor. Place bets on people that you believe in.

He ended his thread by sharing a list with readers that every crypto enthusiast should revisit at all times.

1. Bear in mind why you are building during bear markets

I recommend that you read the classics every week.

Here is a list of all my favorite songs.

🧵

— Yano

🟪

(@JasonYanowitz), June 13, 2022

Blockworks founder claims that crypto is headed to stage 3 bear market CryptoSlate.

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Did you miss our previous article…
https://www.goldcoastmoneyonline.com/understanding-the-future-of-solana-with-this-technical-analysis-report/

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