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12761018 No.12761018 [Reply] [Original]

Why do people still buy shitcoins?

>> No.12761036

>>12761018
because they are degenerate gamblers. your better off buying a coin which will last 10 years like litecoin

>> No.12761054

>>12761018
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.

>> No.12761203

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

>> No.12761248

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.

>> No.12761292

They dream of financial freedom. High levels of hopium cloud judgement (if they even had any to begin with).

>> No.12761310

>>12761203
thats it
old fags keep thinking their gen 1 shitcoins like monero or btc will go up again but they are dead

>> No.12761330

I rather buy into a probable dying coin than buying the top of best project again.
Just saying

>> No.12761842

Because they want to be rich (not wealthy) but don't have the patience or resilience to work for it.

>> No.12761855

Greater Fool Theory.

>> No.12761901
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12761901

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

>> No.12761925
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12761925

>>12761901
When others are winning big in a zero sum game (by design) who do you think is going to lose?

>> No.12761992

>>12761203
MORON
>>12761292
You cant have financial freedom from buying SHITCOINS so you are dumb, NEXT
>>12761310
MORON
>>12761330
???

>> No.12762116

>>12761018
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

>> No.12762143
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12762143

>>12761330

>> No.12762362
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12762362

>> No.12762515

>>12762116
id rather have 1000 satoshis than a bunch of pesky shitcoins ffs

>> No.12762529

>>12761018
It's the rich person's version of the lottery and I feel like I'm in the wolf of wall street.

>> No.12762562

>>12762529
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

>> No.12762652
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12762652

>>12761992
thank u, next

>> No.12762855

>>12762562
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.

>> No.12762884

>>12762855
>in your deluded mind
you got that right.

>> No.12763484

>>12762855
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.

>> No.12763706

get FOAM instead brah

>> No.12763730
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12763730

D C O R P
C
O
R
P

>> No.12763750

>>12761018
because virtually all shitcois are superior to blockstream's bitcoin

>> No.12763774

>>12763750
>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.