There have been many rugpulls from "meme" coins recently. From Barron Trump's fake "meme" coin, to President Javier Milei's "meme" coin meltdown, there's been a pattern of rugpulls and scams. People turn into such coins out of pure greed without realizing the consequences of doing so. Why won't they choose Bitcoin or Ethereum instead? I can't understand why people keep falling into these schemes.
Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?
Your input would be greatly appreciated. Thanks.
Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?
Your input would be greatly appreciated. Thanks.
If people are still putting their money into Ponzi schemes despite knowing that they are Ponzi schemes full of risks and with no assurances that anything will come out of them except losing their money and thinking luck will work out, I think some people will never stop investing in meme coins, even if they are warned not to.
Some people are so eager to make money easily, regardless of the type of risks involved. Those investing in meme coins and getting scammed already know that meme coins are often scams. Bitcoin, on the other hand, is the best coin to invest in with less risk, but they still won’t invest in Bitcoin because the kind of luck they’re looking for is something Bitcoin will never provide with their small investment capital, especially within the short periods they set for themselves.
Even meme projects won’t provide those kinds of returns, but they just want to try them because they see information online about others making big profits from meme coins. However, they never ask themselves how many people are losing money in meme projects.