BTFD! Knowing what to do when the market goes down is one of the keys to growing your crypto portfolio and increasing your net worth. Successful crypto investors know the importance of buying the dip.
If you’re up for taking this smart decision too, you might still need some research on which cryptocurrencies to buy when everything is tanking. You need to make this call very carefully because you can’t rely on every altcoin when there’s a bloodbath in the markets.
We’ve come up with the best ‘buy the dip crypto’ coins for you. Read on to learn all about them.
Table of Contents (click to expand)
Table of contents
- #1 Bitcoin ($BTC)
- #2 ETHER ($ETH)
- #3 RIPPLE ($XRP)
- #4 Binance Coin ($BNB)
- #5 Basic Attention Token ($BAT)
- #6 CARDANO ($ADA)
- #7 OMISEGO ($OMG)
- #8 LITECOIN ($LTC)
- #9 Chainlink ($LINK)
- #10 Dogecoin ($DOGE)
- Best Crypto to Buy the Dip – Why is BTFD Important for Crypto?
- In conclusion and again we repeat: –> BTFD!<–
- Final thoughts on Buy the Dip Crypto
Best Buy the Dip Crypto Coins
#1 Bitcoin ($BTC)
Bitcoin, the largest cryptocurrency by market cap, is the very essence of crypto itself. If you trust in crypto, you trust in Bitcoin. The flag bearer of the crypto markets is here to stay and is a staple investment in any crypto portfolio.
#2 ETHER ($ETH)
Just like Bitcoin, Ether is also a giant crypto asset you can bank on when everything tanks. Ether comes with one of the greatest utilities in the crypto market and is widely used for its prevalence in the smart contract arena. You can allocate a part of your portfolio to ETH during market crashes and it will not let you down.
#3 RIPPLE ($XRP)
Like it or not, $XRP has yet room to grow and even surpass the market cap of $ETH recently. The centralized banker coin gets much hate from the blockchain community, but you could make use of it to take some nice profits with you if you can catch it in the dip.
#4 Binance Coin ($BNB)
The cryptocurrency backed by the world’s largest crypto exchange is surely not going anywhere no matter what happens to the market. Binance has also recently announced that it will issue Proof of Reserves for its BUSD stablecoin which means we can rely on BNB too.
#5 Basic Attention Token ($BAT)
Basic Attention Token is the altcoin that is behind a blockchain-based digital advertising platform. The digital advertising platform gives fair rewards to users in return for attention and also offers advertisers higher ad revenues. Given its high utility, the BAT token has been rising steadily since 2021 and is a good buy the dip crypto to get.
#6 CARDANO ($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 $ADA should grow more and more. However, keep in mind until now it is Vaporware. So we like to trade it for the short-term, but to hold it long-term we need more substance.
#7 OMISEGO ($OMG)
$OMG is finished its downside curve recently and is beautifully going up in waves. OMG Network is gradually soaring and gaining market coverage. This underrated altcoin is getting more attention from the market now.
#8 LITECOIN ($LTC)
Usually, $LTC follows the walk of $BTC, so you might not see it in a dip while $BTC runs, though you might find it at a good price, once Bitcoin drops. As it seems proven (history-wise) that Bitcoin recovers like a Phoenix every time it drops, you might want to take it with you to watch out for some cheap Litecoins once Bitcoin falls.
#9 Chainlink ($LINK)
Chainlink (LINK) is a crypto framework for creating Decentralized Oracle Networks (DONs). A DON brings real-world data to blockchains, making hybrid smart contracts a possibility. In other words, LINK is a very high-utility but the dip crypto you can invest in when the market crashes.
#10 Dogecoin ($DOGE)
Dogecoin is one of the best altcoins to buy during a dip. Although it was just a cryptocurrency that started off as a joke, but soon rose to become the world’s largest memecoin. With big names like Elon Musk rooting for DOGE, Dogecoin looks like a good altcoin to buy during a dip.
Best Crypto to Buy the Dip – Why is BTFD Important for Crypto?
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!
In conclusion and again we repeat:
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!
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!
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 Buy the Dip Crypto
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 😉