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 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.

Key Takeaway

In the crypto community, ‘BTFD’ is short for ‘Buy the f------ dip’, a common term used by supporters of a particular asset or the crypto market in general. It (emphatically) means to take advantage of a recent market downtrend and buy.

Related Words

Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

Full definition

Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

Full definition

TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

Full definition

Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

Full definition

NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

Full definition

Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

Full definition

24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

Full definition

7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

Full definition

Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

Full definition

Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

Full definition