Do they ever work in crypto? I mean newbies trade trash tokens with a market cap below $5m and they plan of making money with technical analysis, seriously? Even Bitcoin can be considered as a low market cap asset now.
Manipulation exists in all types of market. No market in this world is free from insider trading. Moreover pumps do make trading pretty difficult. But staying away from pumps and doing technical analysis still pays a lot. Infact, sometimes pumps which we think are manipulation are reaction of major traders to some great indicators of bullishness. Enron scandal itself unfolded upto what extent insider trading & manipulations can be done in stock markets too.
Do they ever work in crypto? I mean newbies trade trash tokens with a market cap below $5m and they plan of making money with technical analysis, seriously? Even Bitcoin can be considered as a low market cap asset now.
having a low market cap is not the reason why trading those tokens is a bad idea. the fact that they are purely pump and dump coins makes trading them a bad idea specially for a newbie who is not yet familiar with trading or with the market itself.
otherwise if these coins weren't 100% manipulated they could have been good choices. but now you only have to know how to go around pumpers and make your profit before they cash out (aka dump) otherwise you get stuck.
Absolutely true. I generally think that if you are not already in the ship when the pump took place it's better to stay away from it once it has started.