The lower the coin price, the more people showing a paper loss.
If they got into bitcoin to make a quick buck or aren't content/can't afford to hodl through, then some will become desperate to mitigate their losses.
Desperate people throw caution and good practice (like due dilligence) to the wind, becoming easy prey for scammers=more potential victims in a bear market.
In a situation where mining is marginally profitable because of the price, it beats me why people think it's a good sector in which to invest.
Also, of course, there's the pov that
BTC itself is the investment, like e.g. gold. If it's a crap investment because the price is going down that's one thing, trying to recover your losses by giving it to some guy who promises you the earth is another.
