During a bear market, almost every new project is going to fail immediately.
The funds required for the startup to begin will not be there, investors will not fill the presales, and scams will rule.
What could have a small chance to succeed, now has zero.
It takes backing from big exchanges and connections with investors for a project to succeed.
Having said that, I never stopped looking and will keep investing during the bear market appropriately.
But for anyone that considers leaving, know that this market will reward those that stayed. It is the time to educate yourselves.
I've seen even silly spammers changing their ways and realizing there is a lot more everyone can offer by changing their ways.
For now, it is the time we count losses, but also we strengthen and rise to the challenges we face.
Besides the new cryptocurrencies, from my perspective, I'd look more at cryptocurrencies that hold utility, keep developing and have a serious community.
A bear market can be a waste of time, but not for everyone. There are some people out who make good profit from the bear market legitimately.
It's a matter of educating yourself and know exactly what to do in times like this.
Just as the bull run, a bear market is a blessing to some.