Those who say it's terrible and all that sort of thing don't know how to make the best out of such market cycles. Most people during such periods simply sell off their valuable cryptocurrencies when they should, on the contrary, be buying them. Buy when there is fear in the market. The bear market that started in 2018 and continued through early 2019 was a great reason to build your crypto portfolios. ETH at $60, BTC at $3,500. It was a golden time to invest.
Many people invest not from cold funds so they are not prepared to lose it, besides that many novice investors do not understand market cycles and do not understand managing portfolios well. I still remember the time when the prices of ETH and BTC were the cheapest since 2018, will the next bear market reach its lowest values like 2018 again?
There is such a possibility. I'm not sure that these values will be extremely low. For example, people expect bitcoin at $10,000 and ETH at $1,000. I'm not sure we'll ever see such prices again, at least I'd like to hope so. In any case, the investment portfolio has to be ready for any development. If it goes up, we take profit, if it goes down, we buy and wait for growth.
Free money should always be available. Many newbies use all their money to buy a particular set of coins and wait for growth, and when the fall comes, they can do nothing, because they spent all their money to buy assets. They would love to buy cheap coins, but they just don't have the money to do it.
Another mistake follows from this. When newcomers buy coins during the bull run, they start to get cheaper. These investors then sell these coins at a loss and use the money to buy other coins that they think will go up.
