Most cryptocurrencies are often seen as scammy due to their high volatility, lack of regulation, and the prevalence of get-rich-quick schemes. Many projects promise unrealistic returns, leveraging hype rather than viable technology. With anonymous teams and opaque operations, it's easy for bad actors to exploit unsuspecting investors. The absence of consumer protections makes it risky, as many coins have no real utility or backing. Always do thorough research and remain cautious, as the crypto landscape is still akin to the Wild West.