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??
well
if that coin is useless coin , just like a easy way to get money.
but if that a good , like a top 100 coinmarket.
i think they need a big money to make a pump dump scheme.
about newbie , i believe more exchanges sites already announced about crypto currency is very fluctuactive
considering exchanges sites its a initial steps to get started
a low volume coin could easily manipulated but no with the high volume , if that what you mean then that's true , I couldn't agree more. It was a fraud that no one knows especially a newcomer.
For the first time they might would feel that's a crazy market , unbelievable and sucks experience. But you know it won't happened last forever , you'll get sweet profit and realize that the last time it was a pump and dump did intentionally not an ordinary market.