Why do people still buy shitcoins?

Why do people still buy shitcoins?

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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.

>holding zero sum game tokens where token creators, insiders and exchanges are guaranteed to win

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When others are winning big in a zero sum game (by design) who do you think is going to lose?

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MORON
You cant have financial freedom from buying SHITCOINS so you are dumb, NEXT
MORON
???

Sometimes it's because they can't or won't throw a lot of money at crypto and are using shitcoins as leverage to accumulate more btc in the future

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id rather have 1000 satoshis than a bunch of pesky shitcoins ffs

It's the rich person's version of the lottery and I feel like I'm in the wolf of wall street.

you're literally the guy who the wolf of wall street is scamming.
youre the mug on the other end of the phone when hes sticking his fingers up at you

thank u, next

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You're right, but it's like going to a casino. You pay for the entertainment and so far that's cost me $300 a month. In my deluded mind that's better than leaving it in a savings account and having 10k in 30 year's time.

>in your deluded mind
you got that right.

Pumping and dumping altcoins is not the problem. The problem is that people are actually holding them, with every day you hold, the chances of winning decrease.

get FOAM instead brah

D C O R P
C
O
R
P

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because virtually all shitcois are superior to blockstream's bitcoin

>muh blockstream
I would like to think that in a decade you will remember posting shit like this and gain some self-awareness but you will probably just double down. Natural selection at work.