I mean eveyrbody going on about how it was guaranteed money, then it crcashed.
Well crypto is volatile there is no guarantee you will profit from hodling, but you could have make a lot of money shorting it.
There is no asset with the price always growing.
Initially bitcoin was marketed generally as a non-inflationary currency. It was told that it is deflationary, and because one can't increase the amount of bitcoins its value is going to increase. What has happened to cryptocurrencies is actually lot worse. Although, when I saw the graph of BTCUSD I saw classical signs before market crash: that is exponentially rising value.
With a classical inflationary currency one usually has a lot of time to react in normal inflationary conditions.
Most of the people would have been satisfied with bitcoin maintaining its value.
I suspect that cryptocurrencies in general have lost their credibility for a long time. Besides, there are tens of alternatives for investing on cryptos. Who can say this is the right one?