Re: Why people are calling projects as scam when they are in a bear market?
I kinda noticed that people will just easily call a project scam without even researching about the project, their judgement is solely based on the price and does not consider that most altcoins are affected by the bear market. If they can't change their mentality, this would affect the reputation of the project, this is like destroying a project's reputation in bad times, instead of helping them.
That's because people are into crypto for the money instead of believing in its core technology. They don't take the time to perform a research on crypto projects, as they don't care about Blockchain at all. As long as a coin is able to make people lots of money, it'll be considered as "legitimate". Shame on them, since crypto is not about getting rich quick. It's about how useful it is for daily situations in the mainstream world. Some cryptocurrencies are good for decentralized finance (like Bitcoin and Ethereum), while others are good for censorship-resistant applications (like Ethereum, Cardano, and EOS). It's all about the technology instead of profits.
Judging a cryptocurrencies' success based on its price is a bad idea if you ask me. Unfortunately, most people use Fiat as a unit of account to determine crypto's value. But experienced crypto users know that crypto was created to be largely independent from the world's monetary system. As long as the ignorance continues, crypto will continue to see reduced adoption over time. Bear market or not, crypto will always be the same in my eyes. 1 Bitcoin will always be equal to 1 Bitcoin no matter what. Things would've been different if we used Bitcoin as a unit of account instead of Fiat. Expect to see many people "hyped" with useless projects in the crypto space once a bull market takes place once more. Just my opinion
