Quote from: carlisle1 on April 21, 2019, 05:56:27 PM

Quote from: jackg on April 07, 2019, 01:02:36 PM

Whenever I trade and make a profit, does someone else lose?

As far as I know that is how trading works, that's why people need to be very careful on a trade that they're going to make because any amount that they'll buy will be a profit for someone else. For example, certain coin gains over 30% to its price and some people gets FOMO and bought at higher price that could be a profit for those who placed a sell order at that price and those who got FOMO loss because the price didn't go higher anymore. It's just like, in order for you to gain profit there should be someone else to lose.

The FOMO will completely give opportunity for smart traders to make money.
Some would certainly loss as the price will be overvalued and the moment it will correct, panic selling will happen.
The pump and dump game is fun if you like fast profit, it's high risk but it could give better reward if you are in the right side.