I agree with you.
I still don't understand why people like Shitcoin? I don't know which Shitcoin investor has given money this year. Only those who are ignorant and ignorant like Shitcoin,
To answer your question, I mean the bold highlighted statement here, their are two different reasons why most Investors risk their hard earned money on shit coin, first is ignorance, and these have to do with newbies that are just coming into the space, they don't actually know that investing in shit coin are more of gambling because they falls more than they rise.
The second reason most investors invest in shit coin is because of greed for 10 to 100x, these sets of investors are the people I am mostly pissed off with the most because they knows all the danger attached to shit coin and still go ahead and risk their hard earned money because of greed.
And that's why I believe that in the digital space, everyone will only got what they deserve because if you fail to acquire the right knowledge, and you invest wrongly, you alone will bear the loss, and if you knows the right thing to do and you decide to invest wrongly due to greed, only you will still bear the loss, so I will never feel sorry for anyone because we are all going to harvest what we deserve.
People who invest in shitcoins and Altcoins are not investors but are gamblers. Calling them investors is ruining the name, most of them know it’s a highly risky venture. Aside from newbies coming into the crypto space the other guys who do it are just gambling and hoping it favours them. They’re willing to risk a small amount in hopes of gaining more profits. The reason people still invest in shitcoins is the same reason people gamble. It’s not advisable to go into it mostly for a newbie who don’t understand the crypto space cause there’s a higher probability of loss than gain. There will always be guys who are willing to risk a small price for a larger profit just like you have guys who will always bet on odds to win a bigger amount of money.
Shitcoinery is a gambling not an investment, let’s know the difference.