Quote from: cryptozink on November 16, 2019, 06:00:28 AM

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.

In this scenario, the most appropriate thing to do is to try to be like whales, try to understand how they move and make a decision. Once we understand how decision is made, we can be like them, or if we can't try to be always updated, if we can see a huge whale moves, follow their trading patterns, because we already know how powerful they are in controlling the market so if we are on their side other than thinking this is a huge ponzi scam, eventually we can earn as well. In addition, we should also consider market analysis in terms of technical and being updated about the news.