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Question answered on Musing.io by calprut

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authorcalprut
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json_metadata"{"app":"musing/1.1","appTags":["cryptocurrency","trading"],"appCategory":"cryptocurrency","appTitle":"Could someone explain about pump and dump in cryptocurrency trading ?","appBody":"<p>I will try to explain as simplest as i can.</p>\n<p><strong>Pump ---&gt; pumping price to the higher / highest level.</strong></p>\n<p><strong>Dump ---&gt; dumping the supply when the price reach that pumping point.</strong></p>\n<p>Pump &amp; Dump is a scenario for market manipulation to get profits in a short time.</p>\n<p>Who can do it? Of course, people who have large funds can do it, especially when supply and demand in the crypto market still do not reach equilibrium.</p>\n<p>Usually, altcoins have a higher risk of experiencing the scheme, because the supply and demand that occur in the market are not yet stable.</p>","appDepth":2,"appParentPermlink":"f3dchrecw","appParentAuthor":"edhimuryanto","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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