SOME people waste money on bullshyt. How is tossing money on different bullshyt a solution? That's like saying we should promote meth on this site because there are a lot of crackheads in the hood.
That assumes that there's a way to predict the market and it's not just subject to manipulation. If the market trends are predictable, then where are all the predictions in this thread telling people to sell when it was time to sell.
Breh that's how EVERY pyramid scheme works. If everyone bought it then of course the first adopters would be rich.
But why should a memecoin be the one people buy, as opposed to coins that actually have utility outside of speculation? And how will people on this thread know when to buy and when to sell, especially when no one in this thread is willing to tell them to sell when it's time to sell?
That Warren Buffet advice needs to be repeated: if you can't identify the suckers in the room, THEN YOU ARE THE SUCKER. If you can't pick out the majority of people speculating on crypto and point out for certain why you will be making money at their expense....then they're going to make the money at your expense.
That's why shytcoin pushes want so bad for more uneducated people to join the market - because they need to have the suckers to make the money off of. No one gets rich unless someone else gets poor, crypto is a net-zero-sum game.