One way to look at BTC (and friends) is as a kind of financial heat pump, except moving money instead of heat. As with the traditional heat pump there is a wor

One way to look at BTC (and friends) is as a kind of financial heat pump, except moving money instead of heat. As with the traditional heat pump there is a working fluid - the coins. These coins have a price (in dollars) - this is their temperature. The market is cycled just as a heat pump, with the working fluid being squeezed by buying pressure to raise the price, then released by selling to reduce the price and start the cycle again. By controlling the cycle (e.g. by printing USDT out of thin air), the scammers ensure that the marks are buying in when the price is high, because they believe it will continue rising, and sell when the price is low, because they fear a further drop. Thus money is pumped from the marks to the scammers. MOON->FOMO->HODL->DUMP->MOON-> MOON - scammers buy in to start raising the price. Early marks start entering and the scammers can reduce their buying as the price takes off. FOMO - late marks come in wanting some of the action. Scammers are now shifting to selling, with max selling as the top is reached and marks buying power becomes exhausted. HODL - price is dipping, scammers still are selling, but marks are holding expecting prices to recover. DUMP - heavy price falls are now frightening the marks, who start closing their positions. Scammers are quietly hoovering up the excess, and gradually put a floor to the price. Repeat. Note that the scammers coin holdings are conserved across the whole cycle - but because of the price differential between their buying and selling phases, they make a profit over that cycle. BTC has gone through 2 such cycles in the last year or two, maybe it is just entering the MOON phase again now?