Why are many people so worried and stressed about crypto during the bear? Isn’t the bear strategy for an investor simple: accumulate and wait?

I know that we are in a bear market and that the bear can be frightening, particularly around capitulation moments, like the capitulation in June with Luna, 3AC, and Celsius, and now again with FTX. The Fear & Greed index is stuck at Extreme Fear for a reason.

Yet, assuming people did not buy terrible projects or overinvested, I dont fully understand why people who invest for the longterm are so stressed about crypto and worried about short term price action.

As far as I understand, most of us agree that:

Crypto adoption is at all time high. These are good prices to buy good projects like Bitcoin and Ethereum for the long-term. Good cryptocurrency projects like Bitcoin and Ethereum are here to stay, so they will survive the bear and appreciate in price and make new all time highs.

Remember, Bitcoin is by far the strongest asset since 2011.

Snapshot as of 18 November 2022

Right? Or is my understanding incorrect here? I think we are here because we believe in crypto and these are prices many of us dreamt of.

Now that we are down ~77%, it also makes absolutely no sense to sell. So isn’t the bear market as straight-forward as it gets: accumulate and wait?