You are viewing a single comment's thread from:

RE: Cryptocurrency altcoins and (FOLO) Fear of losing out.

Great article. I think you brought up some great points. One of the reasons "certain coins falling in price up to 70% in a 24 hour period." is because of organized "pump and dump" groups who pump up a coin to increase its value so they can dump the coin at a higher price, essentially artificially inflating the coin. It's an illegal practice because it's the same thing as insider trading...and it happens every day in the crypto world unfortunately.

Sort:  

,wow fantastic good explation never seen before

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.030
BTC 59190.13
ETH 3187.58
USDT 1.00
SBD 2.45