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20519464 No.20519464 [Reply] [Original]

Why are all coins just pump and dumps?

>> No.20519589

>>20519464
Wat do u mean

>> No.20519596

>>20519464
Because a market is determined by the people in it, and everyone in crypto right now is looking for "the next bitcoin" or "mooning", not an actual project.

>> No.20519664

>>20519464
That's going to be my wife!

>> No.20519745

Whats her name?

>> No.20519954

>>20519745
janice the chipmunk

>> No.20519965

>>20519745
>>20519464
I too would like to know this. For a friend, obviously.

>> No.20519999

>>20519464
Because you don't have the ability to pick winners

>> No.20520126

>>20519954
Google brings up nothing. Well, only Alvin and the fucking chipmunks.

>> No.20520153

>>20519999
Checked. So ur saying they are pump n dumps but I'm just bad at picking winners?

>> No.20520174

>>20519464

Because when the price goes up (pump) some people decide to sell (dump). Crazy how that works huh OP

>> No.20520468

>>20520153
No, there are very few, less than 1%, projects with attached coins that are legitimate and offer a product/service with a use case and business need.
These are winners.

Price manipulation by whales is different from PnDs, every coin is affected by this.
Actual PnDs usually are orchestrated by the creator of the coin

>> No.20520780

>>20519464
Because everyone in crypto is a greedy fuck trying to make money. Also everyone knows that crypto is short term. Nobody believes that this shit will last 10-20 years, everyone is just trying to hit and run. Financial institutions in crypto is actually a good thing, cause unlike people, they would actually hold on to the asset rather than dump every 2x-3x.