This is the theory of the Greater Fool. if you thoroughly understnd and accept it, you become unstoppable in this market. This is probably one of the things i accepted in this market and the reason i round tripped a lot this cycle and way more the cycle before. most peple understand it but don't eventually accept it for a while. The summary of this theory is that the last person holding is the fool. Your job is to exit before the party is over. Tbh, the proble with people embracing the greater fool theory is because they want to catch the top. take a look at $KAITO for example. some people could have sold at $2, $1 or even the top of $2.9. This is the point they start creating arbitrary targets and thinking it is undervalued. Hence they wait for higher prices that never come. eventually, it goes lower but they still hold on...... mastering the greater fool isn't easy, even the best of traders still fumble it cos we're human. but if you understand and accept it, you're much better than the guy who ignores it.