I entered Crypto market for 2 months and usually see the term "pump and dump", and some P&D groups. But i wonder they pump by selling and buying themself, so when price go up, who will buy it for them and they sell that for who???
The owners of the group just throw a coin, they BUY them first so they can make all the profit.
And all the other members are just buying those coins and pumping the price, and then the owners just dump their coins.
It is just pure capitalism.
That's why a lot of people are now planning to make their own coins but sadly people should know the road map and the background of each team so therefore investors should know at if they were the trusted people because buying their coins is just like trading your money to a useless products. People nowadays should know at least a better way to become a good investors and not just a victim of pump and dump scheme.