If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.
People tend to quit then instead of invest. Love the downs love the bear market this the best thing you could have.
History repeats itself and the price wil lgo parabolic again
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett
Of course, everyone should take advantage of every situation, not just crypto exchanges hacks, there are news that can down the market, for instance the covid-19 scare last year. If average joes and institutions have bought bitcoin that time, then for sure they are in the profits as of today. But since we are in a bullish cycle, then bears should wait, don't try to short bitcoin as you will get REKT.