Who here in crypto knows what BTFD is? 🙋 BTFD stands for buy the f*cking dip. Traders use it as a show of camaraderie, reminding each other that the red is only temporary, and their coin will soon embark on a rise to new highs.
BTFD is a rallying cry used by traders to tell others to buy when an asset pulls back. When Bitcoin was on its way up from ten thousand to sixty thousand, a lot of people started yelling BTFD at any given red candle.Traders use it as a show of camaraderie, reminding each other that the red is only temporary, and their coin will soon embark on a rise to new highs.
The rationale behind the BTFD strategy is that buying when an asset drops significantly provides the trader with a discount, because the dip is hypothetically only temporary. Even though BTFD is not a bad strategy in a bull market, investors are now starting to see that buying the f*cking dip is not a strategy that works in every environment, as the dips just keep coming.
Buying just because prices went down can put you in a bad position quickly. You must be confident that the asset will bounce back, and do not spend all your money in one go. Using a form of dollar-cost averaging is likely to yield better results. In short, BTFD is used to remind each other to buy when an asset goes down and wait for the prices to recover before selling.BTFD is a modernized version of a long-time trading abbreviation: BTD. In true Gen-Z fashion, just buying the dip doesn’t do it. We must add an F-bomb to it in order for it to be complete.
Other than that, the strategy has remained pretty much the same, albeit that the use has been applied to a wider range of markets. People are buying the dip in shitcoins and meme stocks, while the seasoned investor of the past bought dips on fundamentally sound companies like Apple or JP Morgan Chase.“I just BTFD on everything man, it can’t keep falling forever!”All in all, BTFD is a popular term, especially during bull markets.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EXPLAINER: What Russia's suspension of grain deal could meanRussia has suspended its part of the deal allowing Ukraine to ship grain from its Black Sea ports safely amid a monthslong war, and it appears that the remaining partners are left to take their chances.
Leer más »
What the Proposed Workers’ Rights Amendment Could Mean for IllinoisThe Workers’ Rights Amendment would guarantee Illinois workers the constitutional right to collectively bargain for things like wages, hours and working conditions, while forbidding any law that interferes with that ability.
Leer más »
Luiz Inácio Lula da Silva wins Brazil’s presidential race — What does this mean for crypto?The future president of Brazil, Luiz Inácio Lula da Silva, defeated Jair Bolsonaro with 50.9% of the vote in an Oct. 30 run-off election.
Leer más »
USD Index: Only a break below 109.30/00 would mean a deeper downtrend – SocGenUS Dollar Index (DXY) adds to Tuesday’s retracement and returns to the low-111.00s. Only a dip under 109.30/00 would open up room for further losses,
Leer más »
I Mean, Sure, Who Gives A Shit?By Barack Obama
Leer más »