After trading coins for so many years, I've come to understand - the methods of the manipulators are like filming a meticulously planned TV drama, with each episode repeating the same routines, yet always managing to deceive batch after batch of new investors.
Recently, the trend of a certain coin has been a textbook example of a pump-and-dump scheme, let me break it down for you.
Boiling Frog
This stage tests human nature the most. The coin price starts to decline from 1.2U, slowly sliding to 0.9U, and the whole process is excruciating. I watched my friends in the community go from initially being very confident to later doubting themselves: "Has the project team run away?" "Should I cut my losses?"
To be honest, even I, an old hand in this market, sometimes feel anxious looking at my account balance shrinking day by day. But experience tells me that this is often the dealer playing a psychological game. During this torment, the first batch of friends who couldn't hold on finally gave up their chips. And the dealer? They are like patient fishermen, quietly casting nets around 0.9U, catching all the bloodied chips.
Despair deep V show
When everyone thought it had dropped enough, the dealer suddenly struck hard: a large bearish line directly smashed the coin price to 0.7U, then quickly pulled it back to 0.9U. This operation was very deceptive, even some experienced hands couldn't help but want to bottom fish.
I remember at that time someone in the community cheered: "It's reversed! The bull market is coming!" What happened next? After the bottom-fishing funds entered the market, the dealer once again broke through the previous low, smashing it down to 0.65U, trapping all those who tried to bottom fish. This move was truly ruthless, directly collapsing the last psychological defense line.
When rumors are rampant
The most exciting part has arrived. Coupled with the rumors of "project parties running away," the coin price plummeted to 0.5U. At this point, the community completely exploded, panic spread, and even the most steadfast holders began to waver.
But interestingly, amid all this panic, on-chain data showed the truth: the dealer was gobbling up the chips of retail investors cutting losses. This discovery made me realize: it turns out panic is the dealer's best friend.
Perfect conclusion
When the dealer is well-fed, the real show has just begun. They quickly pull the market up with a small amount of capital, and the coin price rockets back to 1U, drawing a standard "golden pit."
At this point, those who previously cut losses were still watching, while new funds rushed in. A perfect exchange of chips was thus completed. To be honest, watching this scene, I couldn't help but admire the dealer's precise grasp of human nature.
The lessons I've learned over the years:
The essence of washing the market is a psychological game; what the dealer wants is not your money, but your chips and confidence.
Every squat is indeed to jump higher, but the premise is that you can endure the darkest moments.
In this market, emotional management is more important than technical analysis.
I remember when I first entered the industry, I was also a newbie stumbling around in the dark. Now, although I can't say I've won every battle, at least I have a light to see the road ahead. This light is the painful experience bought with real money over the years. If you're also navigating the crypto world, it might be worth remembering one thing: the market is always in cycles, and what we need to do is find our trading model and our rhythm in this cycle.@比特盈
