What does pump dump mean in the crypto money market?

in #crypto6 years ago

We started to hear the concept of pump dump. What these concepts mean for the crypto money market, let's try to examine it. Interest in crypto currencies is increasing day by day. Bitcoin, in particular, has gone through a huge boom between these currencies and has enabled many people to turn to crypto currencies, and continues to do so. Bitcoin and all other subconsumers, both large and small investors, have been directed to this area because of the high earnings. In today's post, we will describe to you how to make a pump and dump, which includes some negatives that are used to earn money from these crypto currencies. Particular attention needs to be paid to this concept, which may create difficulties for inexperienced investors. Because after this transaction many investors can experience various troubles.

Today, Bitcoin Pump and Dump has become an attraction on many forum sites and in various talk groups. Pump word means upgrading and inflating in Turkish and dump is translated as downloading and unloading. In a pump dump process, multiple people set up a crypto currency, loading this coin and making purchases in high volumes.

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