Quote from: Devotionless on July 31, 2019, 02:33:25 AM

Relax, they will eventually go bankrupt and thus be removed from the market

Obviously they won't survive for more than a few months. But during this time, a lot many of the cryptocurrency users will make their investments in them, and once the dump starts, they will lose money. The promoters are intelligent enough to dump their coins close to the peak prices. Since the pump is initiated by them, they know about the suitable target to sell the coins. The other users don't have this advantage. Most of them will either sell before the pump, or after the dump has started.

This has happened to a large number of crypto users, and even I have lost huge amounts in these shitcoins, starting from 2014. The coins in which I made my investment either turned out to be scams, or they lost their value very quickly due to a lack of uniqueness and purpose. Quark (QRK) was one of the coins in which I made investment back in 2014. Back then, the price was around 27,000 Sat per coin. The current prices are 59 Satoshi per coin, which represents a decline of 99.8%.