I do think if you are not a real good momentum trader you will just hold bags. But it has become an alternative to lottery for many. Because when they pump they can produce 50x-100x.
The pump mania is pretty quick and you have create partial exits during the mega pump. 95% people can’t control their greed and keep holding. Some add more to the lottery system thinking they found the true coin which will give them a good retirement.
Looking at the charts below, the sharp quick moves and exit liquidity indicates that if you can’t lose money or are not a profitable experienced trader then stay away.
submitted by /u/Mr_Hodlerr
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