knowing fully well that a project is volatile, and you approach it with this sort of mindset is simply ignorant of you. Sometimes it's because their greed won't let them rest, and that's why they feel the need to try out every project that comes their way, even when they know the risk involved is big and it's unlikely that the end will be favorable.
There is no point in saying anything about those who move towards these kinds of projects, even though there is a possibility of risk, because they will take the risk anyway. In my opinion, the only reason for moving towards these risky projects is greed. They think that if they take the risk, maybe they will be able to make a good amount of profit from it, but in reality they cannot achieve anything like that. Moving towards risky projects without thinking is foolishness. Taking risks is good, but it should be done carefully by choosing good projects.
When FOMO meets greed, they ignore any risks they see in front of them, thinking they can make huge profits. As long as they are not aware and continue to be tempted by the promise of 100x in a short time, any advice will not work on them. They will never believe it until they get a rugpull because they think they are the smartest, when the portfolio is -90% they just realize they have fallen into a trap.
Invest wisely by choosing a quality coin like Bitcoin and then implementing a DCA strategy. While the process can be a bit tedious, the results are very satisfying. Those who often shout to the moon with promises of large returns are usually traps. Greed makes people blind, they want to get rich quickly, but what they get is quick poverty because they can't differentiate between good opportunities and risks.
