This coin is indeed not for a long term investment. So far, I only buy and take profit from Doge coin, utilizing this hype but only for scalping. I also do agree with you that I will not hold this coin because it is as what you said at all.
I am wondering if this coin has reached its higher price in $1 as what people say, what will happen again to this. Probably when those billionaires have been bored and have been taking very big amount of profits, they will throw away and let us the small people to feel depressed of it? Hahaha