If the bear market occurs for a long time as it is now for almost a year then many altcoins will die, this can be seen from the number of koins or tokens lost in the market because it does not reach the minimum daily transaction requirements, so beware and always check our assets in a way daily.
As long as you are investing in the right coin and that would not be a big problem. The problem is when you are gambling to the garbage token which can die anytime. That means you can lose your money even if you are still sleeping in your bed.
The newbies didn't understand about this and they keep thinking shit token is still worthy to be considered as long term investment.
Yes, as long as you invest in the right projects, a bear market that lasts a few more years won't hurt you. Don't try to run junk tokens with the promise of high returns only to regret it. The bear market doesn't affect my investments too much, as I mainly hold bitcoins and these bitcoins I bought from 2018 to present. I won't sell until I reach my goal.
Actually quite a lot of altcoins will not survive during a bear market, let alone a bear market that has been going on for quite a long time.
Like the bear market that happened this year, which is likely to last until the end of the year, it means that there will be a lot of altcoins that
fail to survive. Usually altcoins that were created just as copycat from previous projects, and don't have a large community usually disappear
faster. Especially now that more and more projects are created just for fundraising and eventually become scams, In conclusion, as you said,
we really have to choose potential projects. We have to do research and analysis properly, to make sure we really invest in potential projects.
If we don't feel confident in our own research and analysis abilities, it doesn't mean we choose projects based on other people's opinions.
What other people's opinions are also not necessarily true, even now there are lots of influencers who are misleading by promoting shitcoins.
It's better if we invest in top coins if we don't have good research and analysis skills, because usually top coins can always survive during
a bear market. Even some top coins will give us big profits in the future, if a bear market occurs, we collect as many top coins as possible.
Your choice is very right with holding Bitcoin for the long term and will not sell it until your selling target is reached. Because Bitcoin is the best
top coin, so it is very likely that you make a large profit from Bitcoin if you are able to be patient holding Bitcoin in the long term.