You also have to factor into it people aren't ignorant to scams. They just get into scams hoping they can make quick money. So you have alot of that going on in crypto mostly that. If that wasn't happening in crypto the best projects would be top 10 cryptos and they aren't. Most projects are ponzi scheme scams that are manipulated. Real projects with real use cases don't do well.

See its a reason why scams can steal billions of dollars. It's not about ignorance it's about greed. Many of the people know its a scam. However as soon as they lose their money they still wil call regulatory bodies and the authorities. That's the problem when you treat crypto like a gambling casino. You go for the quick buck as most do. They dont look at a project concept and look down the road as to what problems it solves and who it helps. They want a quick moonshot then they want to dump the coin and get out. lol. That's what it is. That's why i rarely if at all buy cryptocurrency. I only use mostly free cryptocurrencies because to me they all mostly ponzis.