Bitcoin was a great project ... it spawned a whole new way of storing value. However when it went above $1 it became ridiculous and the biggest bubble ever. When it went above $1,000 it spawned a tribe of "experts" who thought they were visionary because they piggy backed on the most insane trajectory ever, fuelled by FOMO and greed. By unfortunate coincidence when you added this phenomenon to the "anti establishment libertarian conspiracy theorist occupy wall street" crowd who dived in the deepest, you got a religious financial group who thought that Bitcoin represented a revolution. (Every bubble is built on "THIS TIME ITS TOTALLY DIFFERENT") This spawned the HODL idea and sucked in everyone who wanted to believe that the elite will hand them all the money. Everybody who got in early was a genius and their false confidence and delusional philosophy was the perfect storm as bitcoin climbed over $10,000 and every blip reinforced their belief and eventually hubris.
Bitcoin's true value is zero but there was a reasonable argument for its existence at $1 as an alternative payment method. It would slide all the way back there if it wasn't for the huge amount of bitcoin that can never be sold because it's been lost as well as this cult group who will literally cling on until they have their $1000 original investment back to where it was from a high of $1 million.
DOTN HODL folks ... your guru didn't hodl and the support level is made of thin air.
In terms of the other cryptos, 99% of them will end up where they belong ... at zero, and the rest will go to nearly nothing and then just fizzle out because they were not in it to be practical functional blockchain mechanism tools but simply an opportunistic way of making a quick buck through the coin price ....