The hardest time to invest is in a bear market. You end up purchasing little amount of tokens for more ETH or BTC. But it's also a good time for projects to collect good sums of money during their crowdfunding, as ETH or BTC goes up, so does the value of the funds raised.
The question now is, will you invest in ICOs, or stick with investing in market dips (buy low, hodl and wait to go up and sell), or simply trade in bear markets?
I don't invest in ICO in a bear market. And I have not seen decent projects at this time.
Throughout the bear market, I tried to accumulate bitcoin and eth and trade. In my opinion it will be more profitable for me in the future.