Cryptocurrency investors and social media users are seeing buy the dip memes all over Twitter. Now everyone is wondering what the phrase means.
‘Buy the dip’ is a phrase many are familiar with, in the financial world. As many people can be seeing using the phrase on social media, others are wondering what it could possibly mean.
Well, it doesn’t mean food dip, if that’s what you thought. Please note: This article may contain content some find sensitive.
So, what does ‘buy the dip’ mean?
What does ‘buy the dip’ mean?
- ‘Buy the dip’ is a term used for the online financial market or cryptocurrency to encourage people to invest when a stock has dropped in price.
People that use the term usually believe that the ‘Dip’ is a short term event and that the stock it relates to, whether it be Bitcoin, Ethereum or Dogecoin will inflate in price at a greater value than it held in the first place.
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Is there a dip or crash in cryptocurrency?
While there can be a dip in some currencies, others are steadily increasing so there is no definitive answer as to whether or not the market has crashed or if there is a blanket ‘dip’ at this time. However, readers can see a live feed of the current market on sites such as CoinMarketCap which shows a volatile market.
As many investors, financiers, fans…of online currencies know, prices can fluctuate at a fast rate. Within the blink of an eye, the price of an asset can inflate exponentially or deflate to near nothing. The reason for this boils down to supply and demand.
With Cryptocurrency the less of the supply, there is (market cap) the more of a demand there is (emphasis on value) as is with Bitcoin as one user explained on Quora. However, it’s not as simple as this. For a cryptocurrency to be sustainable it has to find equilibrium which is why many burn out and have a low success rate.
Please note: Our publications do not offer investment advice and nothing in them should be construed as investment advice. … The information contained in our publications is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any securities.
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20 of the best ‘buy the dip’ memes on Twitter
Here are some of the best memes on Twitter that aptly represent the phrase ‘buy the dip’. Please note: Some images may be deemed as sensitive.
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