BTFD, why it is important for crypto

Coin Brothers “Buy the F*cking Dip!”

If you are in Crypto for some days, you know what happens if Bitcoin runs, right the alts are bleeding. But instead of going all panic, we decide to BTFD – we Buy That F#cking Dip! We see the market in cycles and it is important to understand and exploit those rights.

Right now BTC recovers from its recent drop, as it seems to be noticed as a “safe haven” asset, aside from the commonly known financial markets. Kim Jong Un is doing crazy things again, the financial markets react (in a way the most asset holders don't like too much) and people are panic selling. They search for shelter in this thing they heard about so often recently, this Bitcoin or so.

“I want to buy that one, that always goes up!”, “I want the same thing this PayPal guy has bought. However, Alts are bleeding and we don't jump out of the window, we fill our bags instead with top-notch coins that are likely to recover fast and we often buy in this state of the BTC / ALT cycle.

Some Cycles are very important and others no so much, when will the next bull market come we all wonder? Unlike the stock market crypto moves in its own space/time, often more akin to dog years and just when things seem all too slow it is BOOM! SO BTFD! I will repeat over and over “BTFD! BTFD! BTFD! BTFD! BTFD! BTFD! Oh BTFD!!! Why you ask because this is the BTFD mantra one should keep in mind to simply get great prices when things are down in the dumps.

Price explosions from no where causing extreme FOMO and FUD in this chaotic cycle of seeming insanity. That is ok Altcoins are longer term as many of us sometimes forget, the future of them and crypto is just starting and many dreams are still to be born in our magical internet money choices of the future.

Until we get our next bull market all we can do as longer term hodlers is BTFD! Just like with the stock market you have to wait to be great! Short term money traders come and go, it is the long term guys that bank, so think long term!

Here are our Top 10 Recovery Coins:

#1 ADEX (§ADX)

We saw it a few times already, we even saw ADEX for some time below 10k. The first time we missed it, the last time we took it and it ran above 22k again. Until now it is relatively stable and slipped only below the 20k mark. We wait for Adex to dip further, to buy more. As we wrote in our skyrocket coins post, we expect huge things for $ADX in early 2018.

Exchange: Binance

#2 TENX ($PAY)

$Pay has been running sideways very long and recently started to move. With big news coming up and playing in the top league of crypto credit cards, TENX is seriously undervalued.

Exchange: Bittrex

#3 STRATIS ($STRAT)

We already wrote about $Strat recently in the skyrocket post. This might be our last chance to stack up our bags with this super coin below 10k sats. We don't want to miss that train.

Exchange: Binance

#4 QTUM ($QTUM)

Also to be found in our skyrocket post, we think QTUM has a bright future with all the news coming up. A great project that should reward our trust and investment within Q1 / 18.

Exchange: Binance

#5 ETHER ($ETH)

Check out ETH, we recently wrote about our ETH holdings, before the run started. If we would have missed that train, the current dip might be a good opportunity to buy.

Exchange: Binance

#6 CARDANO ($ADA)

Cardano is a hype project with the goal to research all blockchain-related problems scientifically – and find solutions. If you believe in the future use of blockchain technology – you might see why $ADA should grow more and more. However, keep in mind until now it is Vaporware. So we like to trade it for the short-term, but to hold it long-term we need more substance.

Exchange: Binance

#7 LISK ($LSK)

The top coin from Berlin has been recently gamed on hard by whales – now, that the craziness found an end, $LSK is ready to grow. Rebranding and a constant news flow should show us some nice growth, so it is worth to buy it in the dip.

Exchange: Binance

#8 RIPPLE ($XRP)

Like it or not, $XRP has yet room to grown and even surpassed the market cap of $ETH recently. The centralized banker coin gets much hate from the blockchain community, but you could make use of it to take some nice profits with you if you can catch it in the dip.

Exchange: Binance

#9 OMISEGO ($OMG)

$OMG is finished its downside curve recently and is beautifully going up in waves. The project that plays often with misleading marketing messages knows how to drive a price.

Exchange: Binance

#10 STELLAR LUMEN ($XLM)

Stellar had an amazing run recently and we can't wait to buy more if it is in a dip. This silicon valley backed coin will bring up huge things in the future and we don't want to miss out, being part of it. Stellar's transactions are super fast and just take a mere 2 – 5 seconds to complete and can also be used to exchange fiat currencies against each other.

Current Price:

Exchange: Binance

BONUS: LITECOIN ($LTC)

Usually, $LTC follows the walk of $BTC, so you might not see it in a dip while $BTC runs, though you might find it at a good price, once Bitcoin drops. As it seems proven (history-wise) that Bitcoin recovers like a Phoenix every time it drops, you might want to take it with you to watch out for some cheap Litecoins once Bitcoin falls.

Exchange: Binance

BTFD Coin Brothers inspirational video

In conclusion and again we repeat:

–> BTFD!<–

We know it can be tough to show strong hands in a dip. If the dip is caused by Bitcoin run, always keep in mind to watch the dollar value of your total holdings, this can be very calming. If you ask yourself on where to enter these coins in their dip, check for the prior support levels and spread averaging buy order on those. Other than that let the above video be an inspiration for you to what? That is right BTFD!!!

A few things to note here before we end this piece to give you the full guide on the culture of BTFD, because that is what it is nothing short of a culture of die hard crypto traders. Below you can find the definition to BTFD. We want to repeat it to you over and over again until you just BTFD!

Urban Dictionary Definition of BTFD

A great example from the past was if you BTFD on the real estate, stock market or many mutual funds and ETFs, you would have made a killing while everybody panicked the smart money would buy the f*cking dip!

As Crypto Traders we are the ugly redheaded step children, or as cartman from southpark would say “Soulless gingers who compared to equity market gods of old are just little b*tches!” Meeaaaah Meeeyeah and all that and a bag of chips.

Below is a chart of Bitcoin showing exactly how the herd mentality of stock market maker traders rushing out to sell their Bitcoin and crypto currencies as the market declines, all these panic sellers are not thinking BTFD, but instead are SELL SELL SELL! This is exactly the reason these short term traders will most likely lose their shirts in trading margin on bitmex, instead of just BTFD!

Did you BTFD?

The above example is exactly what most traders don't do 🙁 Instead of buying they sell into the panic and later will likely regret their bad decision as they look back on BTC as it is above $100,000.00 a coin going “GOD DAMNIT! SHOULD HAVE BTFD!”

Do note that BTC for most maximalists is the only coin they want to BTFD but in my thinking you need to diversify the BTFD as you never know who and what will change the market, an example of this is with ETH (ETHEREUM) Many think this is the future coin to take over BTC and leave the Bitcoiners sucking dust as it goes to the moon! The main reasons is the advantage of smart contracts that ETH offers users, so in the future you might see various schemes and such things as DEFI tokenomics come into play.

DEFI is thought to be the next growth area with yield farming and lending/borrowing functions of the market place for arbitrage opportunities for crypto holders. Even with gambling or other forms of trading ETH gives users choices for the future.

Nobody can tell who the next market winners are going to be so to diversify your portfolio of BTFD coins is smart to say the least as you will give your self the crypto gold portfolio of diversity, this protecting and taking advantage of any changes in the crypto market that might happen.

Final thoughts on BTFD…

Last thoughts on BTFD and whatever you envision for the Bitcoin/Cryptocurrency future that we are all in the same boat on. Keep your ear to the grindstone and be ready for the next BULL RUN! At some point the BTFD you have done will make you a superstar as you buy your next few Lambos according to what colors you want 😉