Many people till today is of the opinion that crypto is scam that is why they run away from it when crypto currencies like Bitcoin is mentioned. The question that normally comes to my mind is if the person is exposed to the crypto market and has this person been educated and gotten sufficient information about the crypto market.
The thing is that anybody you see saying that cryptocurrency investment, especially bitcoin investment, is a scam is lacking in knowledge and understanding of what cryptocurrency investment looks like because if they had the knowledge, they wouldn’t say that, or some people say crypto investments are scams due to their past experiences; maybe they got scammed in the process of investing in a project or the other, so these kinds of people always say the crypto space is a scam.
Bitcoin is one of the most popular crypto currencies in the world, and the reason why people have such questions about Bitcoin is that it is unstable. Although Bitcoin is unstable and its market fluctuates all the time, if we investigate properly, we will see that the Bitcoin market system is being operated by those who have limited knowledge about Bitcoin. Again, the Russia-Ukraine war and the global economic recession have created an existential environment that has greatly hindered Bitcoin's goals. However, we should note that in the last few weeks, it has crossed $100k, which has created a surprise not only for investors on the forum but also for people from all walks of life around the world.
I think those who have less knowledge or those who have not adopted a long-term DCA strategy or have invested for a short period of time from which they have failed to make a good profit and have not been able to expand their knowledge base can say all these things. I think overall Bitcoin has created a wonderful environment, so everyone should invest in Bitcoin and hold it for the long term.