#BTC Why do people say that the recent breakout in popularity of niche projects is itself a carefully planned scam?

Look, RAVE went from 28.3 to 1.55 in just two days, and today still hasn’t finished. Yesterday it was pumped first, then dumped—so many opportunities, or is it a sickle? And once the price is smashed and then bottoms out, nearly 9 out of 10 of them can’t get back up, so STO got off to a good start. And when you compare STO, it’s very obvious—the methods are basically identical, it’s just copy and paste. Also it’s too fast: even the busiest year for knockoffs didn’t break 100 that quickly, and it didn’t get dumped that hard either. So recently, it’s been repeatedly emphasized that niche projects have no structure—everything depends on the market maker’s mood, with no stability.

It’s a simple principle: watching it go from 28 down to 20 might not seem like much, but when it halves again to 14, most people start thinking, “Should we cut our losses?” Right? Once they cut, then during the whole period it keeps drifting downward—thinking, “We’ve already dropped so much, it should rebound, right?”—and during that time they keep adding more. In the end, the situation gets worse and worse, the deeper they sink. After it hits the bottom, it’s very hard to get back up again. So it’s not only torment; it’s also getting less and less, until finally they can’t take it anymore and automatically give up.