The drop is always relative and depends on the moment you enter the space. Imagine you've never heard about bitcoin and join the forums in April or May this year to learn about bitcoin. You wouldn't care much about the drop, on the contrary, it would be a nice opportunity for a newcomer who comes in with some fiat to buy at 20k and next month the price is already at 22 or 23k. You'd be ecstatic, while people who came in last year might feel exhausted after months of downtrend.
Almost everyone who enters the space, comes in at exactly the wrong time. Generating interest in no-coiners after they've been reading "Bitcoin 70% crash" in all mainstream papers (remember they probably still trust mainstream news reporting) is literally impossible. It takes about a year of solid reading and listening to understand Bitcoin enough to be able to HODL during a crash like this.
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I had a completely opposite experience which is why I cannot agree with you. I came here after the 2014 crash and it was the bear market that made the news at the time and got me interested. I did not see it as the end but an opportunity. We can't generalize. In every bear market some people will be scared and others confident. I also don't think we have to lose money to learn. Many Bitcoiners especially those who mined in 2010-2013 were never at a loss.