A few years back, there was this guy named Kyle, a total Bitcoin enthusiast who thought he was a genius trader. Every time Bitcoin dipped, he’d tweet “BUY THE DIP!” and brag to his friends about how he was scooping up bargains.
One night, he was out with his buddies, watching Bitcoin fluctuate on his phone while also enjoying a few too many beers. Naturally, Bitcoin took a slight dip, and he shouted, “It’s go time!” He pulled out his phone and made a big buy—proudly announcing to everyone, “Boys, I just bought 2 Bitcoin!”
The next morning, he woke up to see he had indeed “bought the dip.” But in his tipsy state, he’d somehow ended up buying not just Bitcoin, but Bitcoin Cash, Ethereum Classic, Dogecoin, and even some obscure tokens he’d never heard of. His balance was scattered across seven different wallets, and he’d accidentally overdrawn his account.
When his friends asked how much he “profited from the dip,” he sheepishly had to admit his new collection of coins was collectively worth… less than he’d paid for a single Bitcoin. From then on, Kyle’s friends called him “The Dip.”
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