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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.
,wow fantastic good explation never seen before