What are the risks of buying the dip?

Sure, here's a description that simulates the tone of a questioner, based on the paragraph "What are the risks of buying the dip?": "Hey there, I've been hearing a lot about buying the dip in the crypto market lately. It sounds like a great way to potentially make some profits, but I'm curious about the risks involved. Could you explain some of the potential downsides of this strategy? I'm particularly interested in understanding how it could go wrong and what I should be aware of before making any decisions.