The bull market has ended at the beginning of 2022, and we are entering a bear market, and this is much more terrible!
The bullish period ended at the end of 2021, we were already in the bearish season in the early of this year.
Why do think it is terrible? Don't you eager to buy with big discounts during the bearish season? I think the bearish season is needed to prepare our crypto assets before the next bullrun is coming. We won't have a chance to gain big profits if we have no bearish time. And if no significant profits, no big investors to follow crypto investment.
look at the altcoin prices that have fallen more than -80% even up to -90%, of course for investors this is a very loss,
As long as the investors hold their crypto coins in their wallets, they don't get a loss yet. Only when they sell their coins in a panic, they will get a loss. I'm pretty sure that experienced investors won't sell their coins in panic, they know when the time to sell. It should be in the upcoming bullrun, not in the current bearish season.
the most terrible incident in this bear market is LUNA's downfall, I'm sure many people have doubts about cryptocurrencies
I assume LUNA's downfall wasn't caused by the bearish, it was caused by another factor. Only people influenced by FUDs will doubt crypto, smart people know that the crypto future has nothing to do with Luna's collapse. We have thousands of crypto coins, it won't have a serious impact if we lost 1 coin (Luna). It is not the first time that a crypto coin disappear, there are already too many coins delisted from exchanges. However, no delisted coin make crypto market stops, there are too many other potential coins.