“Crypto is just another private currency.”
The millions of people all over the world who have lost their life savings to the scam would tend to disagree with you.
I don’t know anybody who went broke collecting green stamps.
Lots of people have lost money on private currencies in the past. Basically what you’re doing is looking at how Jordan Belfort screwed people over and declaring the entire stock market a scam. Meanwhile, back in reality, you’re wrong.
Are there scammers? Yes of course.
Can you lose money on it even without a scam because in the end it is a spec market and random stuff happens? Absolutely.
Is it all a scam? Nope.
Can you make a real living in it? Yes, just like with any other spec market if you combine smarts and a bit of luck you can totally do it for a living.