A buying frenzy drives up the price higher than it's worth. Then people start selling and it makes other people start to sell. Then you have a selling frenzy and people can't sell fast enough. This tanks the price.
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But when this happens shouldn't one just buy what they're selling since we can get it cheaper for long term growth?
Shitcoins will not have long term growth. They will go to zero.
I see. Is Pac Coin an example of this @austinhoper? Thanks for the education thus far..