The world of cryptocurrency can be like a rollercoaster ride, with prices going up and down quickly. A "dip" refers to a situation where the price of a cryptocurrency experiences a short-term decline. This could be a small downward bump or a steeper, more sustained drop.
Dips can happen for a variety of reasons, like bad news, changes in regulations, or even just a lack of investor confidence. They can be nerve-wracking for new investors, but experienced traders sometimes view dips as opportunities to buy cryptocurrency at a lower price.
