I am working on an article about how smart people ended up buying shitcoins I need some info on why you bought shitcoins (if any). If you choose "other" then can you care to comment on what that other means? Would appreciate if you helped me get an insight!
Thanks in advance.
I think pump and dump scheme can trapping peoples to buying the coins.
Earlier peoples will have a profit by selling it to the newer peoples who want to buy the coins.
But the newest peoples who bought the coin, will have to holding it unless they want to sell it with loss because there is no buyer after pump and dump.
When people looking the profits in one day, without more research and think the price will increase more, they interesting to invest and buying shitcoin at high price. I am agree can trapping new peoples in crypto market, they should make hard decisiont to sell the coin at cheap price. Its not good for crypto image because many people will think crypto is a buble market