A bear market can be a good thing for the patient trader or investor. It can reset the market and weed out the unsustainable projects and separate those with true potential and value. I completely agree with the sentiment that you gotta stick with the dragons in such times like Bitcoin and Ethereum among other high market cap coins that will survive the turmoil and lead the recovery....though it is nice if you identify a winner among the less established actors that can give an astronomical ROI.
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Yes, most of these low cap coins will just be washed away. Which ones is hard to say, but it is already happening right now. If the team is active and capable of being creative in this bear market then they will survive. But there are too many coins that are all competing with each other for the same tech, and the pie slices are getting smaller.