This is one of the wrongest time to admit to people that you invest in crypto because their next question is, crypto is falling why? I usually laugh when I get this type of questions because they ask like there is a crypto chart headquarter I could walk up to and ask them “why is the crypto market down?”. They are obviously asking from a place of curiosity, because they know nothing about crypto, but some of them are both curious and critic. After asking that question, the next statement they would probably make is, “this is why I don’t invest in crypto”.
The volatility is the risk, the volatility is the fun part of crypto, though during the bear market, the volatility that makes us love crypto in the bull market is the same reason that makes us sad in the bear market. To an enthusiastic crypto investor who knows the crypto market and has liquidity, this is the perfect time to stack up your bag, though seems risky to invest in crypto bear market because no one loves the red sign. The psychology of crypto investment is built such a way that the bear market oozes FUD (Fear Uncertainty & Doubt) because why am I buying when people are selling? But remember someone gave an advice saying, be greedy when others are fearful and fearful when others are greedy. This is way easier said than done, because how does it sound pumping money into a coin where people are constantly selling. That is considered one of the bravest thing to do, it’s a huge risk, but if the coin or token pumps you will reap a huge reward.
If you clicked my post looking for a way to deal with crypto critics during a bear market, I am sorry to disappoint you I don’t know how to deal with crypto critics right now. I can’t defend the crypto market right now because of its price crash actions, the best way to deal with crypto critics in my opinion is to avoid them and stay quiet. For your mental and your peace of mind, stay quiet and hopefully wait for the bull market.