Dude. I'm in cash right now, save for a couple of micro-caps that I've been hodling since the crash, and I just went long on FXS. I've been doing just fine navigating these markets and have been swing trading with much success.
I got my first Bitcoin in 2010. I've worked directly with founders and devs. I understand this space very well. I've written over 100 articles about crypto and have been a top writer on Medium about Bitcoin.
The generalisation about crypto is anything but "false." Every "name brand" project, save for the non-ICO pure mining coins, had ICOs where devs and early investors took the lion's share of tokens and then dumped on retail.
It's literally the business model. I'm trying to help folks not fall for it.