Buy the dip in the crypto market refers to purchasing cryptocurrencies after their prices have dropped, with the expectation that the prices will recover and increase in the future. This strategy can be effective if done wisely, but it's also risky due to the volatile nature of crypto.
If Bitcoin drops from $70,000 to $60,000 after a general market correction, and you believe in its long-term value, you could start buying in small chunks (e.g., 20% of your allocated budget at each lower level).
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