I have been to a few crypto meetups and seen people just talk about buying and selling tokens/cryptocurrencies without knowing more than the name of the currencies.

They are betting on software in alpha phase without knowing anything about it, or any detail about the cryptography, concensus mechanism or coding practices they use.

There are valid concerns with any asset where people want to store their wealth (which is at the same time a basic human need), but it's hard to reason with peope who are not interested in discussing those concerns.