I mean, you realize that penny stocks are much the same. People don't care much about the validity of the underlying business. They want to make money. Often the penny stock (or alt coin) has solid enough technical fundamentals , to merit an investment. Don't tell us it's risky, we fucking know. Don't tell us we're dumb for investing in something we know nothing about -- we know we are gambling and likely going to lose. There are too many millionaires be minted in this crypto world to be too dismissive of it.