What It's Like Working at a Crypto Startup in a Bear Market • Diremo – E-Commerce on the Blockchain
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Diremo – E-Commerce on the Blockchain

What It's Like Working at a Crypto Startup in a Bear Market

You are probably wondering what it’s like to work for a crypto company in a bear market. Here’s the answer!

By Gabriel Romualdo  •  Published on Jun 19, 2022

What It's Like Working at a Crypto Startup in a Bear Market

The Scenario

It’s certainly no secret that the last few weeks and months have been hard for the crypto market and the community. After months of market growth, the market seems to have stopped growing and has become more bearish. Bitcoin (BTC) is at its lowest value in the last 18 months, hitting a valuation close to $20,000. And for other cryptocurrencies, like Ethereum (ETH), the story is no different.

So, if you are reading this post, you are most probably wondering what it’s like to work for a crypto company in a bear market.

Life at a crypto startup right now

First, when you work in a crypto startup, you know how volatile the market is. Decentralized markets are still quite new, and speculation can sometimes push the prices higher or lower than they should be.

At Diremo, we always keep updated on news and trends. That is, we always take into account all the news in the market to drive our next strategic decisions. On the other hand, we keep in mind that our startup is not a company based on speculation of the crypto markets. Our mission is to develop software and technology to build services that are powered by the blockchain — that is, a the largest decentralized physical e-commerce platform powered by crypto.

Our mission is to connect people and real products through blockchain

That’s why our view is that we should always work with our eyes open to the current landscape and the possible scenarios. At the same time, we should work consciously that our mission is to build innovative solutions and services to improve people’s lives. And when it comes to this, market speculation does not scare us.

We also think that our marketplace could have — in the next future — a positive impact on the stabilization of decentralized markets. In fact, as of now, crypto is primarily used as a financial asset or investment, bringing high price volatility. We believe instead that a physical product market will, in the long run, have a fundamental role in improving the value stability in the crypto markets.

During this current dip, at Diremo, we continue work to innovate and build the future of e-commerce on the blockchain.

Let's take this time during a bear market to continue to build, and continue to realize the power of crypto, the blockchain, and web3. At least, that is what we are doing at Diremo, the Amazon of crypto.