Re: Who bought pumping coins?

Quote from: davis196 on January 23, 2018, 12:23:48 PM

Quote from: anobtc on January 23, 2018, 12:15:18 PM

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???
With Blue-chip coins, someone could buy when it've pumped already because of good news. So with trash coins, who'll buy this pumped coin and why many PP&D group still live until now Cheesy

You are asking a kinda pointless question.
There are many investors focused only on penny altcoins that are often pumped and dumped.
If there were no penny altcoin investors,the pump&dump method won`t work and no P&D groups would survive.Those investors don`t care about the "trash" altcoins.They care only about the short term profits.

You are actually right they dont really care if the coin is trash but most of those coins being pumped out are those the ones that can easily be manipulated or with low marketcap and entire supply. Pump and dump groups are common and most of them arent small time investors which most of them are whales who do have the capability on pumping out or even dump hard a particular coin as they like.