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 ?
For me, PUMP is the increasing of price of coins which means most of the user/investor buy the coins so the supply will increase. At this time, if you want a profit, it is the time to sell the coins because price is high your coins from wallet has an opportunity to get a profit. This tine the greediness come.
The DUMP is the decreasing of price of coins, the dump is the panicking of people because they can't get a profit from their capital, most of this time the user sell their coins because they want to convert in local currency because bitcoin can't use to buy/pay directly to other stores.