What is a Dip?
A dip means a drop or slump. If the price of a cryptocurrency falls in the short term, many investors perceive this signal as a good opportunity to buy. The term is often used in conjunction with “Buy the dip”.
If we use the term “buy the dip”, it means that we have bought a cryptocurrency whose value has decreased in the short term. Buying a “dip” is usually done in response to short-term price movements. It is an attractive opportunity to buy at a lower price and sell with a profit in the short term.