I just don't see the evidence for a scam.
And I do not see any real evidence that they are not.
See it works both ways.
It doesn't work both ways. The fact that you think it does is a good indication that investing in this kind of thing isn't for you.
It does work both ways - the problem is you guys are thinking in black and white here. Either true or false. In order to figure out what the best course of action is, you need to
quantify what you think the various
probabilities are.
You're wasting your time. They invest based on the emotions of Fear and Greed, and they'll get the rewards that go with that strategy.