What Is ‘BTFD’?
BTFD, short for ‘Buy the f—— dip’, is a term used in the cryptocurrency space by users who are extremely bullish on a project. Appearing on social media platforms like X (formerly known as Twitter) and Discord, users tend to post it to imply that when an asset takes a downward price action, it is an excellent time to buy. BTFD is used frequently with crypto bulls who believe they are still early in the game — and the only way for their asset to go is up. The philosophy behind the acronym, however, is not a solid trading strategy; rather, it is seen as optimistic in the crypto industry.
As the crypto landscape expands, there is a tremendous opportunity for growth despite a volatile market. Traders who adopt this mindset remain positive even if their portfolio may noticeably drop because it could also noticeably rise, as well.