That's what people need to understand. There is basically no point in taking such high risks only to earn a couple of folds of your investment since there are higher chances of losing the money than getting profits since the coins or tokens they choose to invest in barely make it anywhere and die off as soon as they are ignored by the masses because a cryptocurrency requires investments in order to gain value and if a coin or token isn't bought by a lot of people, it won't gain any value.

There is nothing wrong in doing that if you are using a very small percentage of your capital just to try your luck but some people invest very large amounts in such coins and tokens only with the hope that they might earn a lot of money from them if they manage to get some hype and eventually pump really hard which barely happens with most of them.