{ "media_type": "text", "post_content": "Bear markets are necessary in crypto space so scam projects and pump and dumps can go defunct and legit coins can raise back.", "post_id": "609aaa2e8abcac002acd18ee", "reply_count": 2, "vote_count": 4, "bowl_id": "58f9471ab298570010451a0a", "bowl_name": "Everything crypto" }

Bear markets are necessary in crypto space so scam projects and pump and dumps can go defunct and legit coins can raise back.

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Sure hope so. But sometimes I fear the lows are because people abandon real projects to go for meme coins

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This is the money flow theory in crypto. Happens in stock market too. Institutional investors get some gains from high movement alts and then move back into btc/eth, and then back to alts. It's a cycle.

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