WCP: The Adoption Cycle Today and Pump and Dump Bitcoin (2/15/21)

Pump and Dump?

A market of an attractive asset that is undervalued/oversold is what the “big boys” are looking to buy into.  So, the Big Boys will push an asset down through their influence [see above FUD] and accumulate the asset until there are “very few sellers”.  This means that “the bottom is in”.  Then the Big Boys spark the “upswing” by selling portions of the asset they own large enough to trigger market sentiment in the other direction [like throwing in shark bait, called “chum”, to attract the sharks] because there are mainly buyers/hodlers in the market at that time and not “new retail” money. That buyer’s market [that has been hodling and waiting on the sideline] is comprised of people who know the value of the asset and know that it is “cheap at that point” (i.e., “the bottom is in”). These large initial sales [buying] begins to push the price of the asset back up.  And since the tendency in emotional [retail] buyers is to “Chase the market”, when they see the price of the asset going back up, FOMO [Fear Of Missing Out] takes over and they come running back into the market to “buy” and therein lies the “big boys” profit. Because, they can now sell the asset that they accumulated during the previous sell-off [which created the last bottom/dip; prompted by their own “Big Boy FUD”] to make a profit from the “new retail” buyers coming in pushing the price of the asset up.  Then the Big Boys start the process all over again – through FUD and Large Block sales of the asset to cause the “retail buyers/weak hands” to sell their asset. This creates A market of an attractive asset that is undervalued/oversold. Yes, it’s like shearing sheep or milking cows.