So I was wondering that wether this bear market will be helpful for new people or not. Cause many people thoughts are different than old people in crypto.
Bear Market is important for investors and newcomers because it opens a window for entry and reentry. But the Bull market is as important as the Bear market because it keeps the attraction of an asset to the maximum. It also fuels the speculation of the market making investors think that the price will surge when they invest in the bear market and the proof is @OP's statement.
So I am preparing myself in Bear market so that I might be able to stand in next bull run that might be the biggest bull run for Bitcoin and that might be just all time high to almost 200k dollars as compared to 2021 Data.
I am writing this article so that big bitcointalk members that are since 2015 and have very very god knowledge in cryptocurrency and can advise me and many other people that are new.
Obviously, if we track the Bitcoin market history, every bear market gives us a chance to buy Bitcoin at a discounted price wherein we can take profit when the market transitioned to Bull Market. It is also observed that every cycle, Bitcoin always gets to new heights after the bear market, even records new ATH after halving when the Bull sentiment dominate the market.
I would say, accumulate Bitcoin and continue to DCA during the bear market. It has been proven many several times that Bitcoin has the tendency to break ATH after Bitcoin halving.