BTFD is the abbreviation of “Buy the F***ing Dip” in crypto jargon and means “buy the bottom”. The term is an aggressive crypto slang used to mobilize investors and encourage the purchase of cryptocurrencies during a bearish period.
What Does BTFD Mean in Crypto?
Some abbreviated expressions and expressions for crypto assets attract attention due to their unique use. There may be some terms that have emerged as a result of typographical errors and have become widespread, as well as some terms used in a slang manner in the crypto jargon. One of these terms is BTFD.
BTFD is an abbreviation of the English phrase “buy the f***ing dip” and means “buy the bottom” or “buy the bottom”. Cryptocurrency has a period of rise as well as periods of sharp decline. In particular, it has hosted this downward trend, which is called the bear season of 2022. However, there are also many analysts who think that digital assets should be bought when they are on the decline and see this as an investment opportunity. As such, a discourse representing the said investment opportunity has been produced.
Therefore, BTFD has entered the literature as an aggressive crypto currency slang term used to direct people to buy crypto for the next crypto currency double or triple digit increase in the bear season, that is, for the bull season.
What is the Bottom in Cryptocurrency?
In the cryptocurrency world, “bottom” refers to the time period when the price of a particular cryptocurrency reaches its lowest level. The bottom is the pinnacle of a cryptocurrency’s depreciation and is a point that can prevent the price from falling further.
Since the crypto ecosystem is highly volatile, volatile price movements are also quite common. While prices can reach high highs, low lows can also be seen. A bottom usually occurs due to a panic or selling wave in the market. Investors may start selling their holdings, worrying that the price of a cryptocurrency could drop further. In this case, supply increases and demand decreases, prices fall and may reach a bottom.
The bottom can create an opportunity in the market. When the prices of cryptocurrencies fall, investors can buy a cryptocurrency at low prices. In this way, investors can make high profits when prices rise again. However, buying the dip is risky because there are many instances where prices could fall even further.
As a result, bottom is a common term in the volatile market of cryptocurrencies. It can be seen as an opportunity for investors, but it can also be a risky move. It is important for investors to make a decision by doing a good market analysis and following the current news about cryptocurrencies.
