Besides the new cryptocurrencies, from my perspective, I'd look more at cryptocurrencies that hold utility, keep developing and have a serious community.
Fundamentally, this should be the prior importance. Utility, development, and community, these three hold the major factor in a success of a project.
To those who think and look at the bear market in a pessimist way, it may be a waste of time because they are too blind to see the opportunity hidden in those price crashes. They tend to put their energy on whining rather than looking for the possible benefits of discounted sales. So yeah I agree with the title, depending on how a person approach the bear market, it can be a waste of time or a season of opportunity.