4 ms·
Seconded. Is pumping bags some kind of cross between pump and dump + bag holder? Searching pumping bags only got me results about bags for breast pumps??
by monkeybutton 5y ago
Seconded. Is pumping bags some kind of cross between pump and dump + bag holder? Searching pumping bags only got me results about bags for breast pumps??
- deleted 5y ago[deleted]
- duskwuff 5y agoThat's correct. "Pumping my bags" sounds like a confused metaphor for "increasing the value of my holdings by promoting them".
- root_axis 5y agoIt doesn't sound confused at all, it sounds refreshingly lucid to me.
- TigeriusKirk 5y agoYeah, that's the origin of the phrase. What I don't get in that quote is the "But..." clause, when followers buying in is exactly the desire result of pumping bags. As a whole, the quote makes little sense to me. Edit: Ah, reading the thread I think he means that buy tweeting a lot about a particular project he could raise the secondary market values (which could be considered a good thing even if you don't cash out at those levels), but instead his followers bought in at the mint level, which he was being paid a percentage of. In other words, he was making money from his followers buying into the project. I can see how he'd consider that differently and regret it.