There's no doubt that the bear market is not harmful for bitcoin or the whole crypto industry, in fact it makes cryptocurrencies stronger in the long run. This has been proven, when the bear market comes, weak projects will be eliminated, only projects that really create real value can survive, helping the market become cleaner. The bear market is also a place to help purge weak investors from the market, who just want to get rich quickly and then disappear. They need to know that cryptocurrency is like all other markets, in order to make money, to be successful, they also need to put in their time and give their best to get the rewards. There is no such thing as a free lunch here.
That is right, it gets rid of the people who do not know how the system works and they end up with losing their coins which will in return end up with a bit of a problem for them but something better for us. Think about it this way, if people who would sell from the first bad news ended up leaving, then who would be left to sell when we are going even stronger?
I bet that the price of bitcoin will go towards 60k+ levels again and break ATH price and keep going, to somewhere beyond 100k. If I believe that, then isn't it better to get rid of people who would sell when we reach those prices? Of course it is better because it makes going higher easier without them. This is why these bear markets are great times to accumulate more bitcoin.
