Re: Why people keep "investing" money in shit/memecoins? Genuine question.
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?
100% of those who invest in meme coin are those who wish to get rich in 1 night and that's their goal without thinking about anything else. it's your personal right to invest wherever you like, it's just that you have to be able to distinguish which investments have a future and which don't, while meme coins don't have a definite future, price increases are only expected on hype.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?