Well all altcoins went red this days its insane,even knowing that bitcoin is getting more value these days,the pump and dump is profitable just for some .
True its all pump and dump now
It is difficult to know when there is a pump and jump in before the pump and get out before the dump. That is the reason some whales will earn money.
Yes. It's called single entity driven markets which is highly riskier because we need to sail same as the only one person. Otherwise we may end up in wipe out of all our funds. It's better to quit trading instead of trade in a pump and dump markets.
We should not touch this kind of pump and dump markets which definitely will lead to huge losses if we invest into that particular market. They simply throws some baits to make you invest the they will sell off all their holdings to make your investments into almost zero.
This is the case with like 95% of cryptos, but there is a 5% of cryptos that have a liquid market, or at least liquid enough that it doesn't end up like coins like, Auroracoin and similar, where the market just keeps shrinking forever. With coins like Monero, you can have hope that it will go up in the future, because it as developed a solid market.