Welcome to the Bear
Bear Market? Bull Market? Crab Market? These are all phrases you’ve surely heard during your time searching the crypto web. When the charts hit the red with no green in sight, you tend to also see a lot of people sell and dip out of the space until the market starts to rise again.
If you’re reading this, you must be part of the small majority sticking around and wondering, what can I do during this time? It is impossible to call when we will see the bottom, and instead of sitting around, selling out and wasting time twiddling your thumbs, you should think about how you can make your mark in this industry before it begins to boom again.
So you’re probably thinking ….. she keeps telling me to do something, but what can I actually do? Let’s unpack it together!
Find a Project and Join the Discord
Discord is the place to be during the bear market, because instead of being depressed alone, you can be depressed with a group of people that are in the exact same boat as you. Community is what makes the Ethereum industry thrive. Without it, it really wouldn’t be the same. There would be less dApps, less people, less projects and less fun to be had. Find a project and be a part of the community, talk to others, find friends and immerse yourself in the experience together.
Learn to Code
Sounds daunting (I know), but it’s a bear market so why not learn a new skill? A few projects that will help pave your way to becoming a web3 developer are:
CryptoZombie - an interactive school that teaches you all things technical about blockchains. You can learn to make smart contracts in Solidity (the language of Ethereum coding) by making your own crypto-collectibles game
useweb3 - this is a platform for developers to explore, learn and build web3. Explore the latest tools and courses to help you get your hands dirty and start transitioning into the web3 space
LearnWeb3 DAO - if you’re crypto curious and are still wondering about what NFTs, DAOs, DeFi and smart contracts are, then LearnWeb3 DAO will help you! If you are noob and don’t know a thing about coding to save your life, you can start by taking a crash course on Javascript, build meaningful projects and team up with other developers all over the world
Support Projects STILL Building
This is crucial for the development of Ethereum, because without projects helping us build towards a decentralised future, what are we even doing here?
If you wish to take the sails and drift out to see with your fellow deckhands and a ship full of grog, then you should take a look at Galleon. Galleon currently has 2 products, focusing on token indexes and asset management. Check out their website here to learn more about their products!
Investing in land …. but without the mortgage. Sounds ridiculous, I know, but digital land is real and it’s here to stay.
Pangea will own, operate, and finance income-generating Metaverse land, pooling capital into a community-governed treasury so members can participate in and benefit from Metaverse real estate investing!
Welcome to your very own home in the metaverse. Nifty Island is a free to play, open social world game powered by web3.
Every user is greeted with their own island, entirely free, and tasked with building their home in the metaverse. The player is able to build structures, play and create games, import their NFT collection, purchase new 3D, metaverse-ready NFTs from our marketplace, earn new items for their island by completing quests, and socialise with other players via voice and text chat.
Podcasts
Podcasts are your new best friends. Keeping up to date with everything happening in Web3 can be tricky and very time consuming. Luckily, there are some amazing projects out there that want to educate and inform the community about everything happening in this space.
A few podcasts I would recommend listening to are:
Bankless
BoysClub
Empire Podcast
Up Only
The Daily Gwei
The list of things you can do in the bear market doesn’t stop here.
Strap in, you’re in for a bumpy ride, but it’s a ride well worth the wait, and there’s plenty for you to do in the meantime!