Saturday, April 28, 2018

What is pump and dump of a cryptocoin?

If you just started being interested in crypto coins you may find yourself dizzy by all the acronyms used. It feels like you need a crypto dictionary just to get a sense of what does it all mean.

One of the most used phrases is pump and dump and it refers to people who artificially inflate the price of cryptocoin just to make it seem its going up. You can read a nice explainer of how pumping and dumping is achieved on crypto dictionary's definitions for pump and dump.