I don't know why every time people are losing their money on a crypto investment, they will blame crypto. I don't think that this is the fault of crypto, but the mistakes of the people themselves on how they are investing, in what crypto, at what rate, and how long they are investng.
There are many people who invest in cryptocurrency because of the hype and also triggered by FOMO. ANd then after the price drop, they are too late to sell and then lost the money. Or, they are buying Bitcoin in one day, and after 2 days, the price drops, and they considered that they have lost their money. Whereas as we know that when we are investing in Bitcoin, we can use it for long-term investment. That is why we don't need to panic every time the price of Bitcoin drops. That is why long-term investment of Bitcoin is sure enough. However, in fact, many people only need instant profits and always think that crypto investment will give high profits quickly. And eveyr time the market goes down, they will blame crypto. In addition, they are very ready with the profits, but they are not ready and not want the risks.
This si actually based on how they are in the real world, their readiness on something risky ther willing to learn and many more complex things to do.