Investing in shitcoin is like someone who dreams of getting rich in the near future. Indeed, there are people who have succeeded in getting big profits from small initial capital. It happened not because it was analyzed from the beginning, but because of coincidence. I have no evidence to justify this but it is just my guess.
In general, investing in shitcoin is the same as piling up money without turnover.
The painful part is that folks are going to wound themselves with memes coin this season, because they wanna get rich quick. Most of these coins have no purpose they have been driven by hype , which won't last for long because the project can get greedy and dump anytime please.
Alot of people will endup being victims of such , because they wanna also flip their little funds into something tangible, because alot of influencers kept showing casing only their wins , making newbies to think that the right way for them to eradicate poverty is by purchasing random memes coins without them knowing the risk in it . Stick with what you understand with is bitcoin ( with this you can position yourself for something beautiful and same time be in a safer side)
Those influencers don't really care about their followers. The truth is that they see them as their source of wealth by milking them. They know that once they make those calls, that their followers will jump in and liquidity will flow in as well. While they the influencers and project owners will take their heard earned money as exit liquidity. Any influencer that's always drawing you to buy shitcoins is not someone you should be following. He/she doesn't give a fuck about you. He is after your downfall so he can be enriched, as most shitcoins developers pay them to post those shit and promote for them.
If you must follow an influencer, which I don't even think it's necessary, it should be the one that's telling you not to get involved with shitcoins. It should be an influencer that's only bitcoin Minded. Someone who is always reminding you to invest in bitcoin only. These are influencers who cares about you and your financial growth.