Why people keep "investing" money in shit/memecoins? Genuine question.

[gamer4156]

Betting for the pumpa and they will be going out however that is exceptionally pitiful to see that the late players will continuously be the casualty here and generally these trash poop trick image tokens utilized by whales to trick the beginners. So the Newbie favors these coins a great deal. they have limited quantity of usd to speculation so they put there usd in Meme coin. Which empowers them to purchase numerous tokens for less cash.

[Tellek Garing]

Meme coins are not reliable investments and they are. most like the Ponzi scheme that does not have any real-life user case or utility capacity, just for speculation for easy money hunters who are willing to risk the money on a gamble without knowing what the outcome may be.

Be warned otherwise, you can lose all your money the dev team is after your money and can hype the coin just to attract you into investing and thereafter they walk away with your money, be careful not to fall victim.

[Botnake]

Meme coins are not reliable investments and they are. most like the Ponzi scheme that does not have any real-life user case or utility capacity, just for speculation for easy money hunters who are willing to risk the money on a gamble without knowing what the outcome may be.

Be warned otherwise, you can lose all your money the dev team is after your money and can hype the coin just to attract you into investing and thereafter they walk away with your money, be careful not to fall victim.

They may be not reliable but definitely will give huge profits in short term. That is the mindset of those investors who keep investing in meme coins and shit coins as they believe that they could get huge profits out from hype or trends in the market. But there is no guarantee that it will happen all the time as those hype will suddenly be gone and you just end up losing your capital. I suggest stay away from meme coins and shit coins as they are very risky and not ideal for good investments. Go for those established coins that will create more chances of making profits as they have real use cases and there is demand that grows continuously.

[magneto]

It is something that bugs me till today. Are they mostly newbies trying to find a path to enter cryptouniverse or experienced people who are just gambling to score a moonshot on luck?



This is the "meme" rank on coinmarketcap, there's millions on deflationary tokens with no effort from the "devs" at all. Just copy/paste a code, copy/paste a whitepaper, eventually pay few bucks for a domain and that's it.
Why people fall for that, yet?

If one more person tries to sell you the EMH, show them this.

But yeah, it's crazy isn't it. But it's what happens when you combine wilful ignorance with tons of debt fueled capital. Very interesting results indeed, but not at all surprising.

It's essentially a ponzi scheme, these tokens. The investor is always investing with the intention of being early and there being people after them who are willing to pay more, which is not at all guaranteed.

[albon]

This is the "meme" rank on coinmarketcap, there's millions on deflationary tokens with no effort from the "devs" at all. Just copy/paste a code, copy/paste a whitepaper, eventually pay few bucks for a domain and that's it.
Why people fall for that, yet?

Because many beginner investors want to get rich quickly, they see meme coins as the most appropriate solution that will help them to achieve their goals. The strange thing is that anyone, even if this person is not an expert in programming languages, can easily create a meme coin and call it a popular name among influencers and lists this meme coin on CMC, CG, and pancakeswap or on any exchange platform that accepts free or small listing fees.