When people accuse cryptocurrency of being a scam in light of recent events like the luna and FXT exchange, it irritates me. Crypto is a risky investment but that's not a good reason to call it a scam during a bear market.
Nothing a person does on this planet will spare him or her from experiencing both success and failure.
An investor in real estate experiences both gains and losses.
A cryptocurrency trader or investor will experience both wins and losses.
Some of a doctor's patients pass away, while others get healed.
In many parts of the world, we have quack doctors displaying themselves as real medical professionals. As the case may be, we too have fake pastors, fake police officers, false cryptocurrency ventures, etc Every profession contains a Ponzi scheme. A person who classifies all cryptocurrencies as Ponzi schemes should be completely disregarded since they are misinformed about blockchain.
Don't let anyone convince you out of continuing to invest in cryptocurrencies. At the end of a bear market, there will always be a better day. Keep your bitcoin investments safe. Together we can weather this bearish market
This is how other people labeled something that has anything to do with money, I think it is because of lack of knowledge with regards to cryptocurrency
OP is correct they are misinformed by other people especially those people who invest all their saving on a new or certain coin, where they don't have gain any profit, because the coin disappear or the people inside the company take the money and left, like what happen in luna where the founder take the money and leave, im not sure with FTX, but i hear some news about Axie where they take the money and transfer it to an exchange although some say its not true, where lots of people also invest in axie, and lost it all, so what are we saying here? don't just invest, research and learn, try to ask the people who have already lots of knowledge when it comes to crypto, learning all by yourself is okay, but learning with other people, there is a lot of information being share is better like here in this forum.
