it amazes me that people are selling below 4k sats. Why wait all this time to throw in the towel now?
Taken from Wolong's manual for pumps and manipulation:
This is the most aggressive part in wiping out weak hands of their positions. Sometimes during a shakeout, we can be so aggressive that we drive prices so low that's it's way below our cost price. Losses does not matter to us, it is only on paper, and we have enough bankroll to pump prices back up. Individuals who have no experienced or unable to withstand such psychological torture will usually exit the market at this stage.
So maybe they are currently operating at a loss. And you seen the Merkel guy snapping some pages ago.
The thing where oldschool pumper mechanics are not prepped for is letargic dopers who might not worry, nor even react. And pegged coins, which is a totally different field. Usually a coin has inherently zilch, zero, nada value as it is not pegged.
