I'd really like to make a lot of cash, better if at the expense of some gullible whale, but how?
Idea! let's start a Pumping group! This way a lot of people will buy a ridiculous amount of a penny coin, so its price will skyrocket and, through a meticulously placed number of sell orders, they will buy them from ME!
But... people will accuse me of making a profit, by arbitrarily choosing a coin I have interests in. What can I do?
Let's see. I need to make the choice of the coin seemingly random, but I need to force a way to control it... That's it! Let us say that the coin will be chosen amongst a group of 16 coins (but let's not disclose the list until a couple minutes before the coin is chosen).
I just need to buy some ridiculous amount of those coins and place sell orders in all of them. Then I just need to resell those that are not chosen "randomly" right after the pump. Even if i lose 5-10% in reselling them, I will have made anywhere between 300% and 1000% from the coin we pumped!
How's that for a magic trick?