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.
Well I think bitcoin or Altcoin trading is totally independent of who have bought them earlier and who are coming now. Yes there is a difference of price rates. Surely who have got coins in the earlier stages of crypto development, they have edge over others. But still, market is very opportunist. You can buy anything at any time. Even now, prices of Altcoin are bottom line, so buy now and sell them in their crest time.