The stigma on cryptocurrencies started when media portrayed it as a medium in exchange for illegal acts or things. Not to mention, when its price skyrocketed on the last quarter of 2018, people impulsively purchased them without studying the market and considering the implications of its sudden rise. When its price suddenly popped (bitcoin), people started complaining about it being a a bubble.
In fact, the people who complain about bitcoin being a scam are also the ones who accumulated loss on their investments due to their poor understanding and research on the market.
Before investing, one must ALWAYS consider all the factors and study the market in order to have a grasp on the current situation and from that standpoint, they can develop an extensive plan either for short/long term.
There are people who already knows the risks but still pushing their desire to somehow hit a passive income when they deposit their precious money in a sh*t company
Agree, some want the famous get rich quick scheme and got burn in process badly.
We could summare this guide to just be caucious, learn because knowledge is best security you can get in Bitcoin world.
Most of the rich people did not get their wealth in an instant. They built their respective empire with their sheer determination, hard work, and patience which most people seem to disregard (although some got lucky). The problem is, they see bitcoin as an avenue to make a quick buck and disregarding all the risks involve without studying the market. Now, all of which resulted to their financial loss.