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January 17, 2018, 01:32:00 PM |
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The term is what is used in the conventional stock markets typically when a penny stock is pumped on a forum so a major holder of the asset can make a lot of money quickly, then he/she 'dumps' or sells off the position.
A token dump is the same, a whale that has a LOT of tokens dumps them onto the market creating a selloff. We are currently seeing a dump of all coins/tokens worldwide. I expect a V bottom with BTC eventually (within a few days/week), so a potential buying opportunity may be here.
BTC has produced lows in January over the last 3 years, check out the chart.
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