$RAVE How to Harvest the Little Guys

First, control more than 97% of the spot float, then keep pumping the price higher to manufacture hype. Because everyone knows this kind of altcoin is just air—so in the future it will definitely go to zero. So everyone comes into the contracts to short, going up against the scumbag operator. The higher the operator pumps, the more little guys get lured in to short and to oppose as the other side of the book. This way, the operator keeps pumping by 100 times, but most people don’t end up making money from the rise.
It’s not that they don’t have money and can’t hold on; it’s that there’s fundamentally no solution, no possibility of winning. Because when the operator goes long, they can keep charging funding fees, and since the spot is in their hands, the price can be whatever they want. At most, they can charge you up to 2% of your principal per hour. Even just trading sideways for a day can wipe out 48% of your principal. The bigger your short position, the more funding fee the other side receives per hour. That allows this dog scumbag operator to replenish float endlessly and keep playing the opposing side against you. With this going on, there is truly no way out—you can only admit defeat.
This kind of high funding fee extraction is extremely unfair to retail traders. Precisely because of the funding fee, the dog scumbag operator can’t lose. If there were no funding fee, then longs and shorts could compete based on capital strength; as the coin price rises, the capital used to short would gradually increase, and finally you’d short it down. But with funding fees, they can keep secretly draining the shorters’ float.
The higher they pump, the more people they trick into shorting. Many newcomers to the crypto world get carried away easily. As long as the shorters don’t all die out completely, they won’t be unable to push it down. As long as someone is shorting, the operator will keep pumping. Some say, “If I just go long with the operator, wouldn’t that work?” The operator goes straight for a total reversal—last night it dropped from 15 straight down to 10, and then immediately pumped it back up. Neither longs nor shorts can dodge it. Some people say, “If you hold spot, the operator has 97% of the float—your buying spot is just fueling the operator as fuel.” And besides, you don’t know on which day it might suddenly go to zero. Even if it pumps, you can’t hold it.
This kind of volatility is meant to trick people into boarding the train, and then harvest them. You know it will collapse, but you can’t control it—it can blow you up by dragging you into it. And it’s not that gamblers should go die, because this isn’t about losing a bet; it’s about being tricked and taken advantage of. This is no different from telecom fraud: they pump the price to lure people into shorting, then they take the money. If this keeps developing, it’ll just turn into a park/industrial base for scams.
In the end, only the exchanges are able to control them; no other part of the process can control them.