[ElViajero]

> Who in their right mind invests in dog-named coin created 1 day ago?

I guess that at least 2 types of people. On one side you have the pump-and-dump experts, they buy early and then promote the new crypto-coin. The second type are the wannabe, people that see some new crypto-rich guy in the news and feel that they are losing an opportunity. People that have no knowledge about what a crypto-currency really is, that is not interested in long-term but need money now, people that listen to the pump-and-dump group to get their information. YouTube, Twitch, ... are bringing complex speculation devices to average citizens.

I would blame the lack of regulation and the lack of public education.

[JumpCrisscross]

There’s a third category: gamblers. Not problem gamblers. Just people who play with this stuff instead of lottery tickets. Worst case, they lose a few hundred bucks and gain a funny story.