Rather than read to acquire knowledge someone sits in the middle of their ignorance to declare crypto a scam. Like they were forced to accept cryptocurrency for a transaction.
It is the lack of crypto exposure will I say that will cause some people to call crypto a scam. Someone who tends to understand the basics of crypto, there is no way he or she will call crypto a scam despite their losses because they know about the nature of the market to be volatile and how to deal with it by investing at the right time in Bitcoin with a long-term goal in mind.
However, the major mistake some investors make is to rush investment in Bitcoin or altcoins and expect overnight profits in a short while
Exactly, Lack of understanding is the reason why some people continue to think bitcoin is a scam, since once someone learns about bitcoin, he will never use the phrase scam. Bitcoin has been around for a long time, and while some people use it and profit from it, others remain skeptical and say negative things about it. In my opinion, if you think bitcoin is a hoax, just forget about it because you will not succeed because you have been spoiling the coin for a long time and you cannot be patient enough to invest in bitcoin for the long run, even if you learn about it, it will be difficult for you to stick with it. Investing in Bitcoin is easier way to get profit in crypto. if you want to minimise your risk in crypto buy bitcoin and keep for long term. I will just be reason why some people lack to much argument because some will know the truth but they will make it as argument, because anyone that knows bitcoin will know that is legit investment. that make some people become wealth in the world. And still functions and working good, and still some are calling it as a name scam. But I think some individuals don't have the capacity to invest on it that why they are calling it as bad.