Buy The F*cking Dip (BTFD)
Tue, Apr 15BTFD (or BTD if you’re not cool) stands for “Buy the F*cking Dip!” It describes the behavior of traders who aggressively purchase any asset after its price has fallen.
This is particularly common among cryptocurrency traders. The action occurs when a currency experiences a significant price drop, with the belief that buying at this moment means acquiring it at a discount, as the current lower price is expected to be temporary. The price is anticipated to rebound, potentially reaching its all-time high (ATH), leading to immediate profits.
Many advocates of this “strategy” also mention dollar-cost averaging, or averaging down, as a method to buy more of an asset you already own at a reduced price, thereby lowering your net average cost.
While this could indeed happen and may be wise during an upward trend, Buying the F*cking Dip does not ensure price increases or profits. Traders must always manage their risk and conduct their own research (DYOR) to understand why a cryptocurrency has fluctuated in price and where it might head in both the short and long term.
Purchasing solely for the sake of acquiring at a lower price, without any additional analysis or strategy, could result in becoming a bag holder. You definitely want to avoid that!
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