Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. It is considered both the first "meme coin", and more specifically the first "dog coin"
"Buy the dip" is like the "YOLO" of the crypto world - it's what you say when you're feeling reckless and you want to throw caution (and your life savings) to the wind.
The idea behind buying the dip is that when prices are falling, it's a good opportunity to buy in at a discount. Of course, this assumes that prices will eventually go back up. If they keep dipping, you might end up "catching a falling knife" instead of a bargain.
Example
"I've been waiting for Bitcoin to dip below $30K so I can buy the dip. I'm going to be so rich, I might even be able to afford a studio apartment in San Francisco."
"Every time there's a dip, I see all these crypto influencers on Twitter telling people to buy the dip. It's like they think they're the Wolf of Wall Street or something."
A bull market is like a never-ending party for crypto traders - everybody's feeling good, the drinks are flowing, and the gains just keep on coming.
In a bull market, prices are going up, up, up, and everybody's a genius. You could throw a dart at a list of random altcoins and probably make money. It's like playing the lottery, but with better odds and more Lambos.
Example
"I can't believe I missed out on the last bull market. I was too busy buying avocado toast and paying off my student loans. This time, I'm going all in on crypto and retiring by 30."
"During the last bull market, my barber started giving me cryptotrading advice. That's when I knew it was time to sell."
BUIDL is like the battle cry of the crypto developer community - it's a rallying call to stop speculating on prices and start building cool stuff with blockchain technology.
The term is a play on "HODL," which itself is a drunken misspelling of "hold." But while HODL is all about holding onto your crypto for dear life and never selling, BUIDL is about rolling up your sleeves and actually creating something useful with your skills and knowledge.
Example
"I'm sick of all this price drama and FUD. I'm going to BUIDL something that will change the world, like a decentralized app for ordering pizza with crypto."
"I went to this BUIDL meetup the other day, and it was like a gathering of the crypto Illuminati. Everybody there was way smarter than me and had already launched like 5 ICOs each."
In cryptotrading, a breakout is like the moment in a prison movie when the inmates finally bust through the walls and make a run for it - it's when the price of an asset suddenly breaks through a key resistance level and starts moving in a new direction.
Breakouts can be bullish (if the price breaks above a resistance level) or bearish (if it breaks below a support level). They're often accompanied by a surge in trading volume and volatility, as traders scramble to jump on the bandwagon or get out of the way.
If you're a savvy trader, you might try to anticipate breakouts by looking for certain chart patterns or indicators. But let's be real, trying to predict crypto prices is like trying to predict the weather in Texas - you might get it right sometimes, but most of the time you're just guessing and hoping for the best.
Example
"I woke up this morning and checked my portfolio, and holy moly, Bitcoin had a massive breakout overnight! I guess those Twitter shills were right after all."
"I've been staring at this chart for hours, waiting for a breakout. I'm starting to feel like a kid on Christmas Eve, except instead of presents, I'm hoping for green candles."
