whale./n
An actual dump can also be associated with the quick disposal of consumers' own cryptocurrency assets in order to benefit quickly. Furthermore, the phrase is frequently associated with <strong>a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-pump-and-dump-pandd-scheme/">pump-and-dump method</strong>. This method is always related to deceptive conduct and an effort to control the price of a coin artificially.</p>\n<p>For instance, a popular illustration of a dump and the impact it may have occurred in December 2017. Charlie Lee, the inventor of <strong>Litecoin,</strong> sold a significant quantity of LTC citing fears that it constituted a conflict of interest.</p>\n<p>Initially, the markets appeared unconcerned with the situation. Nonetheless, LTC plummeted down a red line and lost over <strong>50%</strong> of its value over the span of a few days. 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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":305,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Dumping?","slug":"what-is-dumping","section":"D","keyword":"Dumping","status":"published","definition":"is a practice that emerges when the market is influenced by factors such as economic instability in global markets or in response to a specific news occurrence.","content":"<p>Currently, individuals that own enormous quantities of cryptocurrency, known as <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-whale/">whales, have caused a sell-off just below the $10,000 level. This demonstrated <strong>how the worth of the most prominent cryptocurrency in the world might drop in a matter of seconds.</strong></p>\n<p>Besides, it is possible that those whales then re-entered the market to purchase more cryptocurrency at a decreased value, which leads to massive gains.</p>\n<p>More importantly, dumping is probable when the price of a cryptocurrency frequently encounters an area of barrier.</p>\n<p>May of 2018, was when <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin saw a strong rising trend that propelled it beyond the crucial number of $10,000. It swung about the $10,100 level many times until hitting a strong barrier of rejection at $10,200.</p>\n<p>Several elements have impacted the outcomes of numerous cases across time. It is quite improbable that Bitcoin would <strong>halve,</strong> but if it does, the market will experience extreme <strong>volatility,</strong> which has traditionally been the major provocation for dumping.</p>","level":"easy","meta_title":"What is Dumping? Definition & Meaning | Crypto Wiki","meta_description":"Dumping meaning: Dumping - is a practice that emerges when the market is influenced by factors such as economic instability in global markets or in response to a specific news occurrence.","meta_keywords":null,"language":"en","created_at":"2022-03-10T08:23:44.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-dumping"},"prevSection":{"id":303,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Double-Spending?","slug":"what-is-double-spending","section":"D","keyword":"Double-Spending","status":"published","definition":"is a problem regarding virtual currencies.","content":"<p><strong>Double-spending is about the simplicity of the process in which information can be duplicated and the increasing accessibility of the computing power required to perform.</strong></p>\n<p>When digital currencies initially debuted, this was one of the key worries. The very first tests were undertaken in the 1980s, but they never acquired any popularity, owing to the double-spending dilemma.</p>\n<p>To be more specific, in order for someone to double-spend, <strong>a hidden block that outperforms the construction of the main blockchain must be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">mined. </strong>They'd have to showcase that chain to the network before it caught up. If they did, the network would identify it as the most recent set of blocks and include it in the chain.</p>\n<p>As a result, the individual who did this might then return whatever cryptocurrency they had spent and utilize it again.</p>\n<p>This double-spending scenario can happen in a cryptocurrency when it is inferred by malicious individuals. Typically, fraudsters send several packets connected to a transaction to the currency’s network, but then reverse that transaction with the aim of making it seem as if it never happened.</p>\n<p><strong>Speaking of <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin, it is currently seen as having solved the double-spending issue.</strong> It makes it possible by recording all transactions on the blockchain. These records are, in fact, permanent. This is because each new block mined is required to have references to previous blocks.</p>\n<p>Since the blockchain is distributed throughout several computers and places, the computing power needed to generate a single adjustment to the ledger is so high that it is seen as an unachievable task.</p>\n<p>Nonetheless, Bitcoin had faced some difficulties regarding its steadiness. <strong>In several scenarios, malicious actors have tried to double-spend utilizing the sheer weight of computing power. </strong>In other scenarios, Bitcoin fraudsters have utilized other methods to capture cryptocurrency from poorly secured <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallets.
/n
This is the most common type of stealing that is now taking place on the Bitcoin blockchain, as well as in the broader crypto industry.</p>\n<p>In addition, numerous attack variants might enable malicious miners to double spend. <strong>The Finney attack, the unvalidated transaction attack, race attack, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-51-attack/">51% attack</a>, and the career attack are all featured.</strong></p>","level":"medium","meta_title":"What is Double-Spending? Definition & Meaning | Crypto Wiki","meta_description":"Double-Spending meaning: Double-Spending - is a problem regarding virtual currencies.","meta_keywords":null,"language":"en","created_at":"2022-03-10T08:06:43.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-double-spending"},"currentChapter":"D","currentSection":"what-is-dump","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-dump","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter D
What is Dump?
Dump MEANING:
Dump -
happens when a big amount of cryptocurrency is sold quickly with hopes of gaining a large profit.
Let's find out Dump meaning, definition in crypto,
what is Dump,
and all other detailed facts.
A dump is a process in which a massive amount of cryptocurrency is sold off in fast succession, and in some occurrences, these sell-offs will influence the decrease of the particular asset. This is usually done by a whale.
An actual dump can also be associated with the quick disposal of consumers' own cryptocurrency assets in order to benefit quickly. Furthermore, the phrase is frequently associated with a pump-and-dump method. This method is always related to deceptive conduct and an effort to control the price of a coin artificially.
For instance, a popular illustration of a dump and the impact it may have occurred in December 2017. Charlie Lee, the inventor of Litecoin, sold a significant quantity of LTC citing fears that it constituted a conflict of interest.
Initially, the markets appeared unconcerned with the situation. Nonetheless, LTC plummeted down a red line and lost over 50% of its value over the span of a few days. As a result, it took several weeks to regain the lost funds.
Additionally, a 2018 research looked at the incidence of pump-and-dump strategies in the cryptocurrency market. Over the course of six months, investigators observed two prominent group-messaging sites used by cryptocurrency enthusiasts and discovered nearly 3,400 such scams.