Which coins will survive the bear market?

Which of your coins will survive the bear market?

By Bfab | Good vibes | 27 Jan 2022

Just imagine the situation: you wake up in the morning, look at your wallet, and see only zeros everywhere. You check your connection, refresh the page, but still the same result. You go on Discord, Reddit, Telegram, share your panic, and get only a fuzzy and scary feedback from all. Your coins disappeared.

Can your coins disappear as a whole?

It depends which ones you have. But yes, in theory, it is possible. The crypto cemetery is already full of dead coins. There are a few famous examples:

0xBitcoin (0xBTC): the first 0xBTC was mined in 2018, reached o $5, then fell to $0.10... and then the team left the project...
Aeron (ARNX): ARNX was tradable on Binance, which later delisted the coin, sending its price spiraling down by 90%. Its founders minted 10X more tokens but never distributed them to the community. Whoever raised the issue on their forum was blocked...
BitConnect (BCC): a big Ponzi schemes. It was a platform to trade BTC for its native currency and receive high yields. In early 2018, regulators in Texas labeled it a Ponzi scheme. Shortly after, it shut down, causing the price of BCC to crash...
Storeum (STO): this token disappeared due to a lack of liquidity, despite the name indicating it was a store of value...
VegasCoin (VEGCOIN): the project was acquired by another company which "discontinued operations". The coin disappeared.

As you can see, the possible root causes of the death are:

Abandonment (0xBTC): the team leaves the project.
Scam (BCC): according to Coinmarketcap, 80% of all 2017 ICOs were scams... What about now?
Lack of liquidity (STO): you own a huge amount of a coin, but as there is no liquidity, you cannot sell it to anyone...

If you have a Ether wallet (starting with 0x), please check your public address (0x...) on Etherscan or Polygonscan. You will see a lot of scams, i.e., tokens that you cannot swap for ETH, MATIC or USDC... It is no big deal since you never bought these tokens which were sent on your wallet to attract you towards fraudulous websites. However, you also might have bought coins which will be scams in a few months... How to identify these future scams?

How to avoid the potential future dead coins?

There are a few rules to respect:

Never trust anyone telling you that a coin will provide "guaranteed returns". Cryptos are always volatile and speculative
Check what the people say about the project on the social networks, e.g., Twitter, Reddit, Discord...
Check the liquidity on the blockchain by using Etherscan, Polygonscan or Avascan
Check if the coin is listed on a reputable exchange or about to be listed
Listen to your instinct: isn't it too beautiful to be true?...

If you invest smartly by selecting only valuable projects, you will avoid the potential future dead coins.

You can start to invest into BTC and ETH to stay on the safe side, and then look at the main competitors of ETH (e.g., AVAX, EGLD, XTZ) while remaining aware that the lower you go in the market cap ranking, the higher the risk.

Below a few referral links to help you earn more cryptos...