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TagsWhat is dumping in the context of cryptocurrency?
Bagger LauesenDec 16, 2021 · 3 years ago1 answersCan you explain what dumping means in the context of cryptocurrency? How does it affect the market and why does it happen?
1 answers
- Dumping is a term used in the cryptocurrency market to describe the rapid and significant selling of a particular cryptocurrency. It usually happens when a large holder or a group of holders decide to sell their holdings in a short period of time. Dumping can be a result of various factors, such as profit-taking, market manipulation, or negative news about the cryptocurrency. When a significant amount of a cryptocurrency is dumped, it can cause the price to drop dramatically, leading to panic selling by other investors. This can create a bearish trend in the market and affect the overall sentiment towards the cryptocurrency. It is important for investors to be cautious of dumping and to closely monitor market conditions before making trading decisions.Dec 16, 2021 · 3 years ago
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