That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only
trading / investing in Bitcoin will bring you profit. Only
BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
I've seen some Altcoins go up in a short time and I know it's the work of the Pump and Dump group, if I'm not mistaken their group was previously active on the bittrex exchange since 2016, but after a few years later I don't see the pump and dump group anymore, are they still alive today or not, so what is their current target market do they still have the capital to do that now?
I was trapped in buying expensive Altcoin at that time and ended up selling cheap