Its trash or quasi-trolling you blurt out like this - where your always wearing your anti-crypto stance:
If you claim to be as well-read on the topic, you would be able to compose some substantial debate to your posts. All I see is a bitter person that likes to complain a lot. How much quality reading do you do or is it The Sun only?
The point was simple: for BTC to always rise in price you need ever greater adoption. You need ever more buyers who not only want to buy, but want to buy at the new (higher) prices.
And since there is no intrinsic value in a Bitcoin, the only reason people want to buy it is in the expectation that the price will keep rising. They need to believe that after they buy the price will keep rising, and that someone else will come along and buy at the new, higher price.
This is pretty basic stuff.
It's in your interests as crypto "hodlers" to hype the future of crypto, and to FOMO as many people as possible into buying your crypto (or someone else's) for more than they paid for it. You want people to think this is a never-ending journey where BTC will keep "mooning" until you reach (as some crypto advocates suggest) $1 million for a single BTC.
Whether or not you believe this will happen, it's in your interests for others to believe it (or at least believe it can hit $100k or $300k), so that there will be new buyers. As many new buyers as possible, to drive up the price of the coins already in circulation.
The whole thing really is a pyramid scheme. The coins themselves have no worth. No utility. No function. BTC is awful at any kind of job. Seriously, BTC sucks at everything, and it only exists for people to speculate on it.
The whole thing is a confidence game. You want people to be bullish about BTC so the price can rise, and then you hope (or most people hope) to get out somewhere near the top/near the ATH. Someone earlier suggested they'd get out at $300k.
But you need many more people to get crypto fever and FOMO in to raise the prices to those targets. Or put another way, if everybody only "bought the dip", the price would keep trending downwards. What you need, and what you want, is for people to FOMO in to buying at the high prices, not the low prices.
And those people are the ones who will
eat the dip, like the people who bought in at $60k recently.
Call if FUD if you want. It's obviously in your own self interest to promote crypto as a crypto holder. Not for the technology or the worth or utility of Bitcoin. But because you want the price to go up.