I once hold a coin and suddenly the coin that is almost $1 dump to less than $0.01 to me I move on
maybe you need to rethink your view of the altcoins then. some thing that can easily lose
99% of its value is not something that is worth even existing let alone being used or traded!
but to some people which are newbies this can discourage them from participating in crytocurrency and make them conclude it is fraud
i wouldn't call it fraud but the word "shitcoin" comes to mind. i mean 99% drop is unbelievable! and it happens every day. and people with half a brain wouldn't just be discourage, they will instead go back to things that matter meaning back to bitcoin.
to me I move on and that brought me to a question how do you think pump and dump group are damaging crypto-currency and it's reputation??
these groups are also people. but people who are taking advantage of this situation with altcoins. and others don't mind it either because the only thing that everyone in altcoin market cares about is profit and nothing else.