Why people keep "investing" money in shit/memecoins? Genuine question. - page 6.

usekevin

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Quote from: resonatingtopain on January 27, 2022, 10:28:25 AM

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.

Fesatmas

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Quote from: smartaction on January 27, 2022, 10:48:22 AM

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.

Teraboy

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Quote from: resonatingtopain on January 27, 2022, 10:28:25 AM

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.

Quote from: resonatingtopain on January 27, 2022, 10:28:25 AM

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.

smartaction

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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

resonatingtopain

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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?

Topic: Why people keep "investing" money in shit/memecoins? Genuine question. - page 6. (Read 732 times)