sorry friend ,, i want to ask often i hear the word pump and dump in bitcoin ,, maybe some one would explain to me ,, what is the meaning of both? and what is the relationship with bitcoin? does it have an effect on bitcoin?
This is jargon for trading.
Pump: To make the price go up with news, usually irrelevant news, that are sensationalist and not really of substance, but are spread just to trigger people into buying, even if they are fake. Example: The fake "Amazon is accepting BTC in X days" news is a fake pump.
Dump: To sell after the pump.
That's basically it. A "pump and dump" coin is basically a shitcoin whose only purpose is to get pumped, then dumped. You can make money out of these, but most likely you will end up bagholding.
Additional term: bagholding: To hold a coin that keeps stagnating in price.
