There is nothing happening now with bitcoin that hasn't happened before, The market is currently going through a downtrend and this is just a phase that will pass. During a bearish season it is common for investors to sell in fear because they think that they might end up losing everything. For those that are experienced they always take advantage of the downtrend, this is the time to buy the dip and keep accumulating as much as you can instead of selling your coins out of fear and impatience, doing this will only make you incur losses.
Buying in a bear market is certainly profitable. But we can't always think about profit when investing in Bitcoin. If we want to continue investing by watching the market, we will easily get scared by the continuous fluctuations of the market. At some point, if the market becomes too bearish, we will also be forced to sell out of fear.
Of course, watching the rise and fall of Bitcoin increases experience. That's why most investors start investing more than they planned when they see a bear market. But I think investing in Bitcoin without watching the market is the best investment strategy, it is much less stressful.