The Psychology of Shitcoin Hype: Why Investors Flock to Risky Assets

Region: Europe
May 14, 2024, 11:00:20 AM Published By Wirex Team

Our guest for today's podcast episode - Narek Gevorgyan, CEO at CoinStats, is going to talk about "shitcoins" – what they are, why people invest in them, and what makes them appealing to some investors.

Points covered:

  • How to distinguish "shitcoins" from more established cryptocurrencies?
  • The concept of "pump and dump" schemes;
  • Are there any warning signs that investors should watch out for when evaluating potential "shitcoin" investments?
  • In what ways do the branding and marketing strategies of "shitcoins" impact investor perceptions and behaviours?

…and more!

Host: Lianna Adams, Founder of Impactful Artistry, Web3 advocate

DISCLAIMER: The information contained herein is not intended as, and shall not be understood or construed as, financial advice. Wirex and any of its respective employees and affiliates do not provide financial, legal, or investment advice. The information contained herein has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial, legal, or investment advice. Additionally, all opinions expressed in this episode are those of the speakers and do not represent the views or opinions of Wirex.