The original post: /r/cryptocurrency by /u/_TheRook_ifun on 2024-12-06 02:39:41.

Why do guys do it? When they come out they almost always are rugs pulls and people lose hundreds if not thousands of dollars each time they invest in one. And yes it is true that you can get rich off of them but there is a very small chance you will hit it big. It’s to the point where I have heard someone say you might be more likely to win the lottery than find the stock that has an enormous payout. So why do people keep investing in them when they’re very likely throwing away money when they do so, are they stupid? Just to clarify I not trying to insult people who but memecoins, I just want to know why people invest in them when they have really bad track record.