Shitcoins are where the problem begins during the bull run as well and thats why I hate them so much. I mean in reality, we are talking about a situation where it would be idiotic to invest, but people see them as a way to make quick profit and during the bull run it does become a quick way to make money and they all invest into it.
Of course when the bear starts, these shitcoins are the ones that drop a ton, and thats a problem, we shouldn't really have something like that in the long run. I personally hope that it would end in the next bull run, but there is a big possibility that it won't and people would still invest into them.
When they give you 100x return during the bull run, you are going to end up risking it for the next one as well. There are a lot of people who invested in silly stuff, stuff that they shouldn't have invested into and they made 10x or more profit from it by luck.
This means they will have enough money to risk, because their 1k turned into 10k or even maybe 50k who knows, and that means they can spare 10k and put it in 10 other coins as 1k each. Thats what happens during bull run, but the moment bear run starts the first place people will withdraw their money from will be the risky shitcoins they invested into, so they will drop even faster and sharper than other trustworthy coins too.