Secondly without proper understanding of cryptocurrency and it online exchanges, individuals may fall prey to scam, making them vulnerable to scams and frauds, which may result to financial looses, and they we start calling cryptocurrency a scam.
without the proper understanding and the awareness that cryptocurrencies are designed to fluctuate rapidly and unpredictablely in price you we refer to cryptocurrency as a scam.
When i hear or see people calling cryptocurrency a scam i just don't even try to convince them otherwise because i understand that some of them do not even understand the concept of a scam to even start with and so at the slightest chance they have got they call anything that got them loosing some amount of money a scam and thats why they call cryptocurrency a scam only when they are loosing money but when they are profiting, they dont say any of such rather they quietly enjoy the benefits thereof.
Scam for the way wey me i understand am na something no be true, anything wey be say dem dey lie dey use collect somehting from person hand wey be say dem go dey show you something wey be say e no dey just to make you believe say wetin dem dey talk na true den when dem done collect something for your hand, you go com know say na lie, na dat kain thing be scam, weda dem collect money or dem collect anoda thing na scam be dat. But for Bitcoin mata, most people wey dey call am scam na pipo wey maybe demno get patience to allow d ting profit dem or na pipo wey don go rush hear anoda thing com put dia money inside because me i know say if na tru tru Bitcoin wey you put your money na just for you to dey patient you go get all your money back no be something to dey do now now den you go com dey call am scam because u=you no understand am well and you don go lose money.
And also when they profit from it they don't call it scam but small market downturn they will start to call it scam, well for me bitcoin is not a scam it a digital assets which been hold for a long period of time in other of it worth in the future, the simplest truth is that people lack patience when investing in bitcoin so they find something to cover their misfortune, you can believe that people who call bitcoin a scam are often those who scheme and lose money, you advise people to be patient and understand bitcoin before investing as it's not a get rich quick scheme.