I once hold a coin and suddenly the coin that is almost $1 dump to less than $0.01 to me I move on but to some people which are newbies this can discourage them from participating in crytocurrency and make them conclude it is fraud and that brought me to a question how do you think pump and dump group are damaging crypto-currency and it's reputation??
I'm extremely against the P&D groups and their market manipulation theory.
The reason is simple, very few participants will be gainer and the maximum will be bagholders if the pump & dump operation is for a shit coin.
Usually, the p&d group team members are the ones who get the benefit from every operation and the ordinary participants get busted.
Of course, it is discouraging newbies from cryptocurrency investment/trading sector.
If a newbie starts his/her journey of trading by participating in p&d and becomes a bagholder then he/she most probably will lose the interest on cryptocurrency.
In my opinion, steady growth with people's pure interset is much better.