The plan from the start for WC dev and team was to make the coin suspicious with the premine and the known Yin Yang name so only their
large Chinese multipools would mine it. At least it would help keep other miners away somewhat.
Then get the coin on as many exchanges as possible right away once mining starts.
Then use their BTC to pump up the price creating bulltraps around 2000 satoshi to dump
into the traps several times and also to make everyone think that 1500-1900 is a good buy price so the price doesn't drop below 1500.
All never needing to raise the price above 2500 satoshi. This will create the perfect pocket for selling all their mined
coins into until the mining is over. Then the game ends.
If you ride those 1700-2200 rides and then exit every time you will probably be okay.
When the coin mining stops the game will continue for a few more days up and down but downward
trending after.
Fun game.
Good analysis. But, if they used 2000 BTC (or 1000 BTC) to pump the price than atleast 2000 BTC above 2000 Satoshi should move into WC for all this effort to be worth anything.
Also, people jumping over extra hashrate don't forget that in 5 days PoW will be over. So that hashrate will remain no more. 150 million new coins will be added to the supply in this period.
PPS: At current price (2k Satoshi), mining is not worth it. So, I am not willing to call it scam so soon.
