We are nowhere close to maximum pain

I am seeing many posts around traders/investors buying stocks at current levels. the NASDAQ is not even 4% down from ATH. Stock prices tend to go much, much, much lower than anyone imagines. I still remember Amazon declining from $400+ to $5 during the tech crash. And big names like MSFT and Cicso declining over 80%. Generations of traders/investors have been conditioned to buy the dip, and have never truly seen a bear market. Bear markets are brutal and will likely wipe out 80% of the so called "value investors" on this thread.