can somebody explain to me the meaning of dump and pump??
i have an idea about dump, it means giving away your coins.. i think.
i saw on most post the words dump and pump.
Pump is something where you create some hype for a coin, spread true & false information about how a coin is going to skyrocket in terms of price and adoption. So several users are inclined to buy the coin, which shoots the price up - in some cases 10 times or even more. This is called a pump, because someone is actively trying to 'pump' the price. These people are generally the ones who have bought this coin at much lower prices and are willing to sell at higher price during the pump.
And when the pump happens, the 'bag holders' sell their coins at higher price, earning good profit. But since large quantity of the coin hits the market, the price comes down quickly. This is called a dump.
The only people profit from a pump & dump are the ones who take good judgement on when to sell (after the pump but before the dump).
EDIT:
This is an example of a pump & dump happened with DOGED few weeks ago: