**Summary:**
In this video, the speaker emphasizes the importance of maintaining an optimistic attitude even during a bear market. He discusses how bear markets are beneficial for the crypto industry as they eliminate weaker projects, allowing stronger ones to thrive. The speaker uses Splinterlands as an example of a project that excelled during a bear market due to its steady development. He highlights the significance of focusing on projects with solid foundations and utility rather than just tokenomics. Furthermore, he expresses his optimism for the future of cryptocurrency, predicting a significant increase in wealth generation through advancements in web 3.0, web 4.0, and the metaverse.

**Detailed Article:**
The speaker starts by explaining his optimistic outlook during bear markets, stating that they serve as a cleansing process for the market by removing weaker projects and excess. He mentions Splinterlands as a prime example of a project that thrived during a bear market due to continuous development efforts. Despite the current market downturn affecting token prices, he believes that solid projects like Splinterlands will endure and grow stronger.

The speaker then delves into the importance of distinguishing between projects with substantial utility and those solely focused on tokenomics. He points out the flaws in projects that lack a viable business plan beyond token price manipulation and highlights the value of investing time in legitimate projects with a clear vision.

Moving forward, the speaker shifts focus to the future of cryptocurrency, emphasizing the potential for immense wealth generation in the coming years. He predicts a significant increase in wealth creation through advancements in technologies like web 3.0, web 4.0, and the metaverse. Drawing parallels to established tech giants like Facebook, Google, and Amazon, he suggests that the value generated by the crypto industry will far surpass that of traditional internet-based companies.

Moreover, the speaker discusses the disruptive nature of cryptocurrency in various sectors, such as cross-border payments, loyalty programs, and gaming. He envisions a future where tokenization enables access to trillions of dollars in value through innovative applications and systems, creating new opportunities for wealth generation.

In conclusion, the speaker encourages viewers to adopt a long-term perspective and invest in projects with solid foundations for sustained growth. He expresses confidence in the potential of projects on platforms like Hive, believing that they hold promise for long-term success. The speaker's overarching message suggests that despite current market challenges, the future of cryptocurrency holds vast potential for wealth creation and innovation.

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*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*

Yeah it’s good to trim the fat when it comes to crypto projects! The ones who were just stealing peoples money without really doing anything are the ones who have gotten demolished. I think that’s a good thing because it leaves the best fruit behind. 

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This Bear market has caused a good cleaning so when the Bull market begins we must be prepared to grow our portfolios in a short time

Great perspective and I agree 100% about Splinterlands and your viewpoint. Getting your psyche correct is so vital to investing effectively in the long run.

!PIZZA

!PGM

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I think Jon was talking about noise.cash and how it could have been something good. However, it looks like the development stopped and the policy changes started pushing people off.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450-7ahyqe)

If it can survive the bear... It's a good chance at higher profits during the bull run.

<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 113 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-112-and-start-week-113) just started...you can now check the winners of the previous week!</center><center>!BEER</center><center><sub>5</sub></center>

<center>PIZZA! 


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The current popular talk about the bear market reminds me of this old quote:

> We must call the boom retrogression and the depression progress. 

Of course, Mises wrote that statement criticizing the increase in the money supply without the corresponding increase in production. 

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