Bear markets are where the stories change.

In a bull market, everyone is a long term investor, a visionary, a high conviction holder. Screenshots are everywhere, threads about “this is just the beginning” get thousands of likes, profits feel permanent and you feel like you can't lose.
Then liquidity dries up. Opportunities decline.
Suddenly the same people who were preaching patience are quiet. The “generational hold” becomes “I’m just waiting for a bounce.” The 4x turns into a breakeven trade.... breakeven trades turn into -60% loss and capitulation at the bear market lows due to boredom and loss of hope.
Here’s the brutal truth: most people weren’t disciplined in the bull market they were just lucky because it's easy to make money when 'everything goes up'. They traded with no invalidation, no structured exits, no plan to derisk or take profit and wonder why they continue to round trip or lose.... or even worse 'waiting for a bounce to sell' than never comes.
This is just momentum of bull market euphoria disguised as 'skill'. A bear market doesn’t destroy good traders, it exposes who never had a repeatable and consistent processes to begin with.