Topic: What is the Dip? (Read 305 times)

A "dip" is when the price goes below the average price, for example, if Bitcoin would always be around 50k and one day, let's say Bitcoin loses 5k, this would be the "dip".

I took time to learn trading. My mentor showed me his trsding view analysis on bitcoin chart I had to go look for myself. What we are experiencing now is a big "dip". Bitcoin movement always surprise me

In simple words, when the price goes down, it is a dip and it is usually advised to buy at dip because then it’s more profitable.

  Now I'm currently learning about bitcoins and Also the deep word or any deep abbreviation Like 'Dip' and now I'm Thankful to you that you gived me an Idea that I can use it for any day . So that I'm may not ignorant and easily to scam.

Fiat is not backed by anything, that is true but it has intrinsic value, the intrinsic value is the worth of the fiat in real life to other money, all money have intrinsic value, fiat are money and they have intrinsic value. But fiat intrinsic value always depreciate because the government which are controlling it have ways to decrease the value or increase it, but decreasing the value has been what is happening to fiat long ago till now.

This is true, but I was pointing something else. Commodity money has intrinsic value, because besides of being used as a medium of exchange, it has other uses too, e.g golden coins. The dollar has no intrinsic value since it's authorized by the government and it serves only as a medium of exchange.

So, should we say that a currency, whose purpose is to only to be used as a medium of exchange, has intrinsic value after all? While Bitcoin is very useful and many have characterize it as an electronic gold, I can't deny the fact that it has no intrinsic (essential) value; its purpose is to be used only as a currency and it satisfies no one who thinks otherwise.

You should picture it in another way:  Would a ledger of human debts, which is completely resistant to any authority!, have intrinsic value?

Fiat is not backed by anything apart from the country that is issuing it and the "faith" of the people who use it. Gone are the days when fiat was backed by something like gold for example.
With that said being "backed by something" is not the reason for the value, it all comes down to supply and demand.

I didn't say that it'll be different this time nor that people who bought it will regret it. I'm just saying that an immoral behavior prevails every time the price dips. They press you to buy the dip so they can make themselves richer and most of them do this unconsciously.

So, should we say that a currency which isn't backed by anything has intrinsic value after all?

Depending on the "asset" it may be easier or super hard to come up with a good estimation of the intrinsic value. For example a "product" intrinsic value could be measured based on its production cost but intrinsic value of a currency is not as easy. What would you say intrinsic value of USD is and why should 1 USD be 110 JPY considering US printed an outrageous amount of of dollars over the past year?

For something like bitcoin things become even more complicated because it is still very small and its adoption is increasing day by day. Also so far nobody has come up with any good method for it, they all have definitions for stocks, options, equity, real estate, ...
We can use some sort of technical analysis based on the past performance while looking at the adoption of bitcoin and how that is growing while keeping in mind that the new supply generation is half of what it was in the previous round. Then come up with a decent estimation.

P.S. Most people who expect a certain price for bitcoin aren't expecting those numbers based on any analysis but based on their emotions. For example those expecting $1 million this year are over optimistic while those expecting lower prices of $100k and below are over pessimistic. Simply because the past performance suggests a price between $400k and $500k by the end of 2021 or early 2022.

We are commonly using the dip when we want to buy with the lower price to make it easier to you to identify just like imagine having ice cream and make it dip to the caramelize or seeing price into its deep low price. As you can see this word dip is always on the price of ATH when people can't buy coins because they are already at the top and some people just waiting for its lowest price just to join on the ride.

This is the current market of the ethereum that came from Binance. I make a line to you to see the current deep.

What makes you think so? According to my observation, Bitcoin dropped 50% (and more) before and always rising back to the old values and continuing to rise. Why do you think it will be different this time and that those who bought the dip will regret it?

It's funny when people tweet “BUY THE FUCKIN DIP!1!”; they, unconsciously, try to pump Bitcoin by making others buy it at a bargain price. They should acknowledge that by doing it, they're ripping their future selves. Bitcoin falling from $50k to $30k was one of the funniest moments of Twitter. They kept reminding you to buy the dip, but it'd already fallen around 50%. 

Exactly. 

Most of the line that users usually advise upon investing in Bitcoin or any cryptocurrency is "buying the dip" and the next line is "selling on high".  That's the correct way of investing in Bitcoin, so your question is, what will happen if the dip will continue.  Just hold until your profit was there in your portfolio and it means, that's the right time of selling your crypto.

Many people trap while buying at high because they don't know what actually the current status on the market, is it a high or in a dip.  But they determine on it when the market painted a red.  If you will patiently wait until the price is high, this isn't a big deal for you.

People have answered the question completely without any remainder, shall in addition to the answer, buying dip in cryptocurrency network simply means a way of buying asset when it have lost a values knowing that whenever it comes up you will be at positive side of it via surplus gain or profit, so that's the reason while whenever cryptocurrency is decreasing in values people are encouraged to purchase or buy and store because of future profit, so in other hands its it's a situation where by bitcoin or any other cryptocurrency dropped in price and you have the opportunity to buy.

so u can also can do mems with dip 

in my view buy the dip means that it's a desirable price where to buy a coin at a reasonable price, or might think as best price or a sale, like when you are buying things on Black Friday, we have a different opinion on buying the dip and that's what I think of it.

The idea of buying the dip is a popular investment strategy because you shouldn't wait until the next bull market to buy crypto assets. If you don't do this, you might find yourself left out of the next big wave.

I'm actually a buyer today. After a couple of days of beating around the bush, the conclusion is clear: cryptos are in a bear market and the big, slow accumulation phase is starting. Let's hope history is a good indicator.

"Buy the dip" famous line in cryptocurrency is become popular and yes it got very nice and good meaning. But some people also using it to lure some people especially those newbies, like "buy the dip" so they can sell more, like manipulation in somehow.
That's why there will always a meme about this famous line, like "They say buy the dip, but it still dips and dips". But this is one of the best ways to accumulate Bitcoin or other crypto if you intended to hold it for the long term, buying some amount on dips (depends on how you prefer the dip, like x % of dump then you consider it as a dip).

You check support, and do dca at every support.

The dip when it comes to the context of crypto is the same on its general meaning, suddenly going down but rising up once again afterwards. To further understand, let us compare it when you are dipping a nugget down a sauce. During the dip, the nugget is at its lowest but later on, it will be inserted to your mouth wherein it is at its highest. The dip is one of the opportunity that crypto enthusiasts wait for so that they can commit into massive buying. They are well aware that the dip wouldn't last for a while that is why they see it as the best time to buy and that is why they always say, buy the dip.