What is the Dip?

[Amplify]

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%. 

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?

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[Peanutswar]

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.

[pooya87]

Lets take 2018 for example. Bitcoin's intrinsic value was somewhere between $6k and $8k so anything below those values was a dip

Do you consider intrinsic value to be speculative? From the definition of intrinsic to be the underlying value which an asset has based on it's fundamentals regardless of what the market value is at should it be volatile?
For example, some people expect Bitcoin to be going to $100,000 and some $1,000,000 despite the current prices, doesn't that indicate their own intrinsic value of Bitcoin (as it's subjective).

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.

[BlackHatCoiner]

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?

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.

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?

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

[pooya87]

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

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.

[BlackHatCoiner]

Fiat is not backed by anything apart from the country that is issuing it and the "faith" of the people who use it.

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?

[Tellek Garing]

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

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.

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.

[Shamm]

A dip is basically when price goes below the support line or better said below the intrinsic value. That definition makes a "dip" a worthy price to start buying. The problem is to figure out the difference between a dip (where you would want to buy) and a dump (where you want to stay away) which all comes down to intrinsic value which is a very difficult thing to measure. We could use some technical analysis and mostly look at the past performance and decide what intrinsic value of bitcoin is then decide based on that.

  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.

[clorasteinberg]

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.

[Magicalking]

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.

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

[excro]

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".