Quote from: Renampun on Today at 05:34:57 PM

Quote from: resonatingtopain on January 27, 2022, 03:28:25 PM

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?

Stopping people from investing shit/memecoins is a very difficult thing to do...

To be honest, I'm actually quite tired of hearing complaints from people who have lost from shit/memecoins investments, but when they first wanted to put money down, they didn't want to listen to advice. The fantasy of high ROI obtained from investing shit/meme coins is very tempting but we all must be aware that it is just a fantasy, not reality.

That's one thing that makes them invest in this meme/shitcoins plus the hype that Elon created fuel these people's desire to invest. But when there's a correction and it started to dump slowly they can't do a thing and all they have to do is complain and panic or worst sell it in a low price. It did happen in the past already yet most of these people didn't learn their lesson or shall I say, they love to gamble instead of trading.

I believe newbies are always the first one that would suffer from losses when they choose to invest in alt/meme/shit coins. It keeps growing almost everyday if these random shit projects come out of nowhere.