That is true, but rather than taking a pessimistic stance and say that the market is bad and thus we should just follow the masses is not exactly doing the overall space any favor. Sure, people who are rich will get richer and you can ride on the trails of the whales. But I'm speaking from an idealistic point of view. It doesn't mean that your take on the market is wrong. Rather, it is a take that everyone is going for. I noticed that you are talking from just coins derived from steemit so let's go for something else. Take ethereum, chainlink and bnb, for example, they have not been doing all too well in a bear market but the moment the market picks up, people put money into them because they have a use case. Are they great projects? Not necessarily.. However, after much evaluation, people deem that it is safe enough for them to park some money there and the possibility of it going up is there. Now, let's take a look at coins like light pay coin or other masternode coins. These coins pump 100% or more on some weeks. They are not good projects but heck they are easy to pump because of the lack of volume. The thing is, in the long run, they do die off. So by your logic, we could join in the pump and dump off these coins and there are many bad actors who will pump these coins, but would you not rather support a project that is good despite the lack of bad people pumping it? There will come a day when someone does notice it and will pump money into it.

I'm rambling, but bottom line is this, no right or wrong in this space. I value your point of view but I'm speaking from an idealistic point of view, hence the disagreement. Ultimately, its our funds and we choose what we do with it.

Thanks for the comments