[jallen_dot_dev]

It's simple: they thought they could later sell it for more. Celebrities hawking it is "bullish" because other people (suckers) will see the hype and want to buy their bags. Unfortunately for them, they were the suckers.

[Gigachad]

Everyone knows it’s a scam, they just don’t know when the rug gets pulled. So they buy thinking they won’t be the last in the scam chain.

[ShamelessC]

Then they barely understand what a scam actually is.

[cowl]

Unfortunetly these type of Pyramidal schemes always have that factor: "If i just get in early i get out making money and someone else looses". There will alwasy be people ready to make that bet, that they are not late because those 10 people that were early and made a fortune make more impression to them than the thousands that lost (and maybe lost even more than they could afford too) only in this case the chances of that are predetermined. most of these "new releases" have their winner deck already predetermined before the launch, a closed group knows when they get in on the action immediately and everyone of the public, no matter how "early" they enter they are already late.

[Gigachad]

Of course. If they did they wouldn’t buy crypto, they’d be the one minting the coins and shilling them.

[ShamelessC]

Indeed! Just wanted to make sure I’m on the same wavelength as the comments here ha.