Why do people still buy shitcoins?
Why do people still buy shitcoins?
because they are degenerate gamblers. your better off buying a coin which will last 10 years like litecoin
Young and stupid "investors" with no concept of risk management who have never seen an investment go to 0 for real. Many of these people will unironically say that with their shitcoin, the highest probability outcome is a 100x, and the worst that can happen is that they sell at a "little loss". The reality is that the highest probability outcome is an exit scam.
Buying low cap shitcoins on idex is the only way to make it in 2019.
There won't be anymore bull runs, you just have to ride the waves.
Buy low sell high and move onto the next one
Minimal required investment. Shilled relentlessly on their favorite internet hang out making them feel as though they belong to a community. A documented single instance in history, that's unlikely to ever occur again but easy to convince yourself otherwise, of a tulip mania style run from pennies to millions.
All the components are there. Crypto is the young white male "idiot tax". Boomers had scratch tickets and Powerball; millennials and gen z have [insert this week's favorite]coin.
Swing traders seem to do ok in the zero sum game, but they are definitely taking advantage of my bros, so I find them distasteful.
They dream of financial freedom. High levels of hopium cloud judgement (if they even had any to begin with).
thats it
old fags keep thinking their gen 1 shitcoins like monero or btc will go up again but they are dead
I rather buy into a probable dying coin than buying the top of best project again.
Just saying
Because they want to be rich (not wealthy) but don't have the patience or resilience to work for it.
Greater Fool Theory.