Post
Topic
Board Trading Discussion
Re: What does 'Pump and Dump' means in crypto trading ?
by
Polar91
on 11/07/2017, 21:58:01 UTC
hi all.,

i am not a day trader , so i dont know much about these terms.,

there was trollbox on polo where people used to say pump and dump specific coins. but trollbox is gone now.,

from basic understanding dump means DROP,
does the PUMP means buy ?







Just like what it happens in a real life situation, when you are doing a pump you are putting a pressure that results into the rise of a certain object. That is also what really happen in the market industry. Price values of various types of cryptocurrency undergoes a certain process of pumping and dumping which normally happens with the sudden exchanges of price value in the market. Also in cryptotrading. The rise of the btc value for buying a certain altcoin is an indication that it is now time to sell some assets you are holding for trading.