Apparently you can. Unless I'm mistaken I thought confido (
https://coinmarketcap.com/currencies/confido/) was a scam coin. Recently the rest of Confido team was refunding their collected ETH for Confido tokens through KuCoin exchange. However some people started buying confido at a higher price than what the team was buying, eventually from 0.07$ went up to 1$ and still costs 0.34$ right now. A coin that has literally no uses, no devs, nothing and yet if you had or bought coins when it was 1-2 cents, not long ago, you could have made a x30 - 50 almost with a scam coin. Are people really this uninformed when it comes to buying coins? Is there something that I'm missing here?
I don't think those people buying it understand the true picture behind the project, some people only buy coin because of price action and I won't be surprised that majority of those people are not.
Well that's exactly whats funny about this example. People bought a dead coin and then some other people bought more of it at higher prices. The fact that it still has 100k+ volume right now is just really funny.
But thats only if you sell it when it gets very high right? I noticed there are many coins that go up in price and it seems like for no reason at all. So you mean buy a coin, then once it goes up a lot, just sell it for profit right?
Yeah, it seems that you can buy 30 random coins right now and if you hold long enough you get profit from all of them. There are indeed coins that go up randomly, I thought it was mostly pump up groups but it seems sometimes is just people stupidity