Why I don't feel sorry for people who lose money to memecoins.

[ultrloa]

People who lose money to memecoins know that memecoins are 99% rugpull beforehand but they want to try their luck in a rigged system because some story about turning $1 to $1 million which probably mostly set up insipires them to achieve the same feat which actually is an empty dream.

Good to see folks aware that shitcoins might be exposed as memes or utility coins. They must have realized that memcoins are a hype trend. Uritlitycoins can be promoted as shitcoins in the same way.

Well as usual those memecoins are just riding the hype and utility coins has been associated with it, but their promotions done still didn't change the fundamentals of those coin.

Somehow market will just eventually filter those shitcoins, Also real value is not about having utility or been called as a meme, but rather if it can solves certain problems and have sustainable demands to investors. If they are just pure hype then it will die down the same as many shitcoins which exist in this space.

[Felicity_Tide]

I never knew this PSG coin was even a meme coin, I knew there was no affiliation between the project and the club but something didn't just add and I didn't bother to do much research

I think I was aware that it was going to be a memecoin, but wasn't sure if the football club itself has not hand in it. So, what the hell are people now hyping it for?, like, the very first time I came across the news, I already concluded that there is a chance that it might eventually do well, simply because I thought the club owned it, but i'm just getting to know that that's clearly not the case. Or don't you think the board must have approved it in one way or the other, considering the fact that it has a branded name of their football club?.

but there were about 5 project tokens that were trending as the league was going and that PSG in particular that was stealing attention and now seeing it flying again make sense now, they were buying because of the outcome of Bayern vs PSG, the final is going to between PSG and Arsenal. However, making coin because of these events makes crypto terrible and spoilt the fun of sports.

This just proves that certain individuals are willing to go any length, but for the fact that it has even involved football already proves that some of the individuals we have today don't even respect the game anymore.