It is like people who get involved in Pyramid schemes and think they are geniuses because they make profit out of them in the short term.
I don't mean to sound nasty, but people are just investing in crap and being scammed on a regular basis, but due to the massive increases in price when they are successful, they don't even care about the constant scams.
I feel you. It's not even an open secret anymore, but people still keep on pouring money in like summer will never end.
Well, everyone is free to do whatever they want with their money. But at this point you may as well just be gambling.