I disagree about 2011 and 2013, no one sold the coins at a loss at that period and no one was obliterated, but if you compare the price now you will regret selling the coins during the initial stages but you cannot call them losses. But 2017 was an entirely different time where many new investors burned their hands when they short the coins or purchased the coins with credit cards.
I also agree with your point of view, the markets were completely different at that time, even at this point we were completely different from 2017. What will the dead bears have to do to save themselves, the market always exists only we cannot survive with it, the next time we will see the knitting of cows and bears being affected massacre.