[SwellJoe]

The amusing/sad thing is that so many folks don't realize that only a few of the "market movers" actually profit. Those who don't have the inside inside track, will lose when those who make the call to buy and sell. The whole "we move the market" thing is accurate...but, the suckers who think they're part of moving the market are just the people giving money to "-wolong-". I have a hard time feeling sorry for people losing money in such a scheme, because they intended to take money from others...but, still, the biggest asshole in this scenario is the leader of the pump.

[mjburgess]

I guess it's like a pyramid scheme where everyone knows its a pyramid scheme and believes theyre close enough to the top that they'll still profit.

[GrinningFool]

In this case... he's also looking to build a system that will let him control multiple wallets.

The best part is that people are going to essentially hand wallets over to him to manage this, in both BTC and DOGE.

He's not going to come out behind, no matter how it goes .

[clarkm]

The real winners in these schemes are the exchanges. Since they profit from every trade that's made, anything that increases volume and volatility is good for their books.