Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers
1. Hedera 2. Solana. 3. Algorand. 4. Avalanche.
These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.
That does not mean, seeing how a coin is decreasing in value and someone's money worth is decreasing can be very depressing. Assuming you bought the ethereum killer altcoin when the price was very high, like Solana at $250 with $2500 and the price now at $45, that means your money worth has reduced to $450, which is $2050 money loss. What still tell us that the bear market will not last than this and that the price of the coins will not sink down further. What I am thinking to be the best approach is to just wait until another massive fall that people will be so affraid to invest, that will be the best time to invest. And we should always know that holding altcoins is like we are gambling but a very significant bear market will trigger bull run.
Yes, you are right, I still remember that in 2019 almost all cryptocurrencies experienced a very large decline due to the panic due to covid 19 but some time later the bull market throughout 2020-2021.
I personally remain optimistic that the crypto market has a way of recovering despite the current downturn which I assume is the result of the war between Russia and Ukraine.
if only everything is back to normal I believe crypto will be bullish again.