Re: Who bought pumping coins?

Quote from: jmlona on January 28, 2018, 11:05:47 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

Newbies who have an overwhelming sense of FOMO. They see something that's gone up 100% in a day and think it will continue for ever so they hop on in and then they complain when they lose out.

This happens all the time, newbies are too excited when they enter the market and think they can make a fortune in just a few days when most of the persons that got a lot of money have been in the market for years, then when you try to give them and advice telling them it is not easy they always tell you a story of someone they know that invested in some coin and became rich very rapidly, so when that happens I just let them do as they please, they are going to regret it sooner or later.