Quote from: BitcoinHodler on September 04, 2018, 07:46:55 AM

Quote from: chocolah29 on September 04, 2018, 06:16:58 AM

So it's true that they're pushing through this and they think there will be people who will buy this? Yeah maybe there are some, and they're obviously morons.

it doesn't work that way and it is not always all morons who buy these shitcoins. it is all the traders and that's how the market has always worked.
these people have a lot of money and with it they can use all that money to pump their creation. imagine as a trader you see a shitcoin shooting up and you see the opportunity to make a huge amount of profit in a very short time.... nobody in this market hesitates to take that opportunity.

that is how all the top 10 altcoins went up and got big pumps. the only difference between a #1 altcoin and #1000 altcoin is that the #1 had more money to pump and had more experienced pumpers behind it than the #1000 altcoin otherwise there are at least 20 coins exactly similar and even better than #1 that could have been there!

So I guess that's how money works, even a shitcoin can wrongly pump, no matter how shit the coin is. Undoubtedly, as long as the team is there they'll make a hype that will pump their shitcoin, even at all cost. While those coins that are really promising will left behind and will just pile on those thousands of altcoins.

So more likely, cryptos are living with hype yet full of uncertainties.