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

[resonatingtopain]

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?

https://i.redd.it/bc0avzsjx8e81.png

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?

[smartaction]

Shit and Meme coins like gambling. It is able to give big profit in less time. So the Newbie prefers these coins a lot. they have small amount of usd to investment so they invest there usd in Meme coin. Which enables them to buy many tokens for less money. So these tokens are very popular among Newbies. Because they are not aware of the risks about these

[Teraboy]

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?

They are newbies but at the same they they are people who wanna become millionaires in a short time. That's why they are gambling with meme token and they hope sometime their investment will become another doge or shiba inu.

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?

Gambling for the pumpa and they will be going out but that's very sad to see that the late players will always be the victim here and mostly these garbage shit scam meme tokens used by whales to fool the newbies. These days newbies are so harsh.

[Fesatmas]

Shit and Meme coins like gambling. It is able to give big profit in less time. So the Newbie prefers these coins a lot. they have small amount of usd to investment so they invest there usd in Meme coin. Which enables them to buy many tokens for less money. So these tokens are very popular among Newbies. Because they are not aware of the risks about these

Agree, and most beginners are usually lulled by influencers who often offer investment in memecoin even though it's a project they build or are paid to promote to victims. Honestly, of the many investors, most of them lose money from the shitcoins game. It's as if the crypto world is all for them, and the image of cryptocurrencies is badly tarnished because of the shitcoins.

[usekevin]

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?

People inverse with less knowledge on trading.The developer of the coin had a good knowledge to scam other people with some of marketing strategy.The list on some small exchange and get the money of the people.After the capital raised as per their wish,they will started to close the project and fly with the investors money.Don't do inverse blindly on any coin without investigation.

[milewilda]

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?

This is what you called risks taking and we have seen that several shit memecoins did really make out some significant move because of sudden recognition.Just take a look on what happened on SHIB?
Who have really thought for this coin to gain that much attraction nowadays? Even myself had ignored out this coin in the past because i have that kind of mindset on not to deal with these shitty
coins but look at on what happened? Whenever the community or public would really consider out something  then no matter how shitty it is, then it would still possibly be that become valuable.
This is why people do really tends to play with fire and take out risks even they are aware that they are dealing with something which isnt worth to invest.

[adzino]

Yep, you are right. To "moonshot" their luck. They know it's a shitcoin and most of them knows they will lose their money, but they still try to gamble. It's all because of those other meme coins that made people rich that make people greedy. I don't think they realize that they have to be very very lucky to be able to make some good profit from those meme coins. How many successful meme coins do you see on the top? Only two. The rest are either dead or scammed their investors.

[South Park]

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?

Regardless of their level of experience there is two things motivating those people, the first one is greed, since they want to obtain huge profits, however the second is laziness, we know that in this market you can in fact obtain profits but you need to have a lot of knowledge and make a great effort, however they do not want to do this and instead they are taking what they think it is a shortcut to reach their goals, but of course we know the chances they succeed are very low, to the point of being almost nonexistent.

[bhadz]

It's because of the hope that they might find the fortune of their lives there. Nothing can stop them until they've failed for so many times. But I think many have made their profit on it and that info scattered like a disease and many have thought of the same idea which might make them money through investing in meme coins or any coin of the same. It's like the lottery to them and taking a shot, if ever they're lucky then that's money for them but if ever they lose again, they just accept and try again.

[JeffBrad12]

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?

They are gambling to moonshot that can bring them all lots of bucks in a short time and there's no fundamental in the meme token. meme tokens are just pump and dump tokens that still exist in the market. It's not a lot of experienced people who actively trade or gambling in the meme tokens. The majority of demand for the meme tokens dominated by the newbies and they wanna make a lot of money with small amounts of money. that's why they re expecting hundreds percents of growth in a short time through meme tokens.

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?

i see that. that's it. They are shit and they will be dead as soon as possible after the creator rug pulling the liquidity pool. It's just a matter of time until people will be getting scammed by that meme token.

[lienfaye]

Why people fall for that, yet?

Its because of greed to earn in a short period. Majority of these investors are newbies who dont have proper knowledge and just going with the flow on which they think profitable. But there are also old investors taking risk on these meme coins to try their luck. Its true that you can gain huge when you invest in meme coins but it is more risky compared to investing in coins that has real use case.

Thus the decision is up to the investors if they are willing to risk their money in these coins without utility and just pure hype. On the other side, invest on established coins or find a gem that has potential but it might take long before you gain. Because we have an option and it depends on what we prefer.

[mamesso]

The price of memecoin is not backed by scarcity and relies on buyers making constant purchases of memecoin to maintain their value. Unlike the case with bitcoin, which is in limited supply, Memecoin has an unlimited supply or stock of tokens, it means that new tokens will continue to flow into the market.
although Memecoin removes 50% of the total supply permanently from circulation, The policy does not guarantee an increase in the price of the remaining coin in circulation, because the supply is quite large. Memecoin is very popular among traders who are just starting to trade in crypto, because they do not understand how memecoin works.

[michellee]

The answer will be because of money. They want to earn fast money from shit/meme coins but they do not realize that shit/meme coins can increase because of the pump from some group and they can pump any shit/meme coins they want. If they're going to make money, they can use the top 100 coins to analyze and get many potential coins that can profit. That will be better as they can expect of making money than those shit/meme coins. But if you want to buy shit/meme coins, you should not use too big money to avoid a big risk of losing the money.

[Cling18]

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?

Simply because they want easy profit since meme coins and shitcoins nowadays could easily get shilled by influencers and huge personalities. Easily manipulated coins could strike high anytime so it has a huge hope of providing a good profit in just a short period compared to well-established coins.

[X-ray]

As far as i can see there are some reasons why people keep investing in the meme tokens and here's it


- Newbies got trapped by the influencers and the influencers gave signal for the newbies to invest in the shit scam meme token with the hope to get decent return in a short time.
- Gambling/betting on the pump or FOMO
- People believe with small amounts of money and they can make thousand hundreds of dollars instantly.
- Only to follow the trend
- They have small amounts of money and they can't afford to buy legit tokens that already had high value.

They never care with fundamental of project. I have ever doing a debate against shit token die heard and they keep calling their coins will make them all millionaires while the fact that their portfoliso gone down more than 80%. Just look at what happened with safemoon.

[bounceback]

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?

I'm sure some of them are beginners who are tempted to make big income and usually they buy those junk coins because they are following the ongoing FOMO, so that makes them very optimistic that this coin can provide great returns, but basically they don't know that investing with meme coins will make them lose everything if they don't have enough knowledge.

[ethereumhunter]

- Newbies got trapped by the influencers and the influencers gave signal for the newbies to invest in the shit scam meme token with the hope to get decent return in a short time.
- Gambling/betting on the pump or FOMO
- People believe with small amounts of money and they can make thousand hundreds of dollars instantly.
- Only to follow the trend
- They have small amounts of money and they can't afford to buy legit tokens that already had high value.

They never care with fundamental of project. I have ever doing a debate against shit token die heard and they keep calling their coins will make them all millionaires while the fact that their portfoliso gone down more than 80%. Just look at what happened with safemoon.

All of that is right because they see many crypto ads on their social media sharing how much money they get from investing in the meme coins. Hence, they follow that way by investing some money and expect to make big money in the future. But if they still do that without searching for the other coins, they will ruin and lose their money without having a chance to recover.

If @OP wants to follow their way, I am afraid that he can lose his money because he does not research the coin and invest in the right coins. You can make a big profit at the right time and the right coin. So you can not always expect to get a big profit from meme coins.

[Farma]

I know why so many people still invest in meme coin today. Well, it's because of the doge and shiba influence. people think that, if they have at least 1 million coins and hold it long term, in a few years, it might be able to be diamond in hand. Well, doge and shiba have shown proof of that, and a lot of people are disappointed that they didn't stock up long ago. because of that, even when the market is down, people still continue to target meme coins as a place to invest.

[khiholangkang]

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?

-snip-

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?

It's a gamble, they hope the token will have the same fate as DOGE and SHIB. I don't think those people put a lot of money there.

[takngantuk]

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?

everything starts from FOMO, fear of being left behind and not having knowledge in making decisions. in their minds it might be a second chance to make a profit. thought the projects would suffer the same fate as the earlier popular coins, but in reality they were all wrong decisions and cost him a fortune. I myself have been lazy to tell people like that, if one of my friends or family invests in a shit project, I will just watch it without giving any warning.