Why do some traders engage in dumping activities in the crypto industry?

3 answers

• Dec 16, 2021 · 3 years ago
  Some traders engage in dumping activities in the crypto industry due to market manipulation. They intentionally sell a large amount of a particular cryptocurrency at once, causing the price to drop significantly. They then buy back the same cryptocurrency at a lower price, making a profit from the price difference. This practice is often used to take advantage of inexperienced or panic-selling traders.
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• Dec 16, 2021 · 3 years ago
  Dumping activities in the crypto industry can also be driven by the desire to create fear and panic among other traders. By selling a large amount of a cryptocurrency, these traders aim to create a negative sentiment in the market, leading to further price drops. This can allow them to accumulate more of the cryptocurrency at a lower cost before the price potentially rises again.
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• Dec 16, 2021 · 3 years ago
  Dumping activities in the crypto industry are not encouraged or supported by BYDFi. We believe in fair and transparent trading practices that benefit all participants. Dumping activities can harm the overall market stability and trust in cryptocurrencies. It is important for traders to be aware of such practices and exercise caution when making investment decisions.
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