A gentle bell mostly doesn't do that.
On US forest trails, the general rule is bikes yield to pedestrians and everyone yields to horses.
(Obviously pedestrians walking in bicycle lanes are doing it wrong.)
You're either traveling slow enough that it's not necessary (and why yell at people if you have to?), or are too far away for someone to understand and get a bearing on who isn't already looking at you.
A bell is still rude in a shared space but used correctly, a decent one can at least be effective.
I just don't think that is even a little bit true, or at least it's something that is very culturally specific and thus not generally applicable.
I have a friendly sounding bell I use from an appropriate distance (and I can modulate the volume), and I routinely have people give a light wave to show they heard. In addition, the biggest complaint about cyclists in local social media is about them passing without notice.
Being visually impaired, though, I'm grateful for cyclists who use their bell. It's immediately clear. For some reason, my brain takes slightly longer to process someone yelling "on your left!" or similar, than just a quick "ring ring".