I agree with your point of view this year is absolutely worst year in the history of crypto currency market. This year many new projects launched but couldn't achieve success probably many investors will have faced loss although experienced traders will have taken this year as an opportunity and probably made a decent amount of profit nevertheless there are still two months remaining hopefully market conditions will be possible in coming months.
We're still in bear season so I can't say this year is the worst of this bear cycle. If you've been through the bear season 2018 then with the current situation things are much better, 2018 was the year that I have to say was a disaster for most people, the market almost crashed when bitcoin from 20k$ reduced to 3k$. But those who stayed, they succeeded today. So take advantage of this bear season, don't miss it.