Tag: Cardano

BTFD! It is as important today as it was in 2017. 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 making this smart decision, you might still need some research on which cryptocurrencies to buy when everything is tanking. It would be best to make this call carefully because you can't rely on every altcoin when there's a bloodbath in the markets. We've created the best 'buy the dip crypto' coins. Read on to learn all about them. 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 DipWhy is BTFD Important for Crypto?In conclusion, and again we repeat: --> BTFD!<--Before we EndBTC Maximalists BTFDFinal thoughts on Buy the Dip Crypto Best Buy the Dip Crypto Coins BTC ETH XRP BNB BAT ADA OMG LTC LINK DOGE #1 Bitcoin ($BTC) Bitcoin, the largest cryptocurrency by market cap, is the essence of Crypto itself. If you trust in Crypto, you trust in Bitcoin. The flag bearer of the crypto markets is here to stay and is a staple investment in any crypto portfolio. Exchange: Binance you can signup here #2 ETHER ($ETH) Like Bitcoin, Ether is 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 portion of your portfolio to ETH during market crashes, and it will not disappoint. Exchange: Binance #3 RIPPLE ($XRP) Like it or not, $XRP has room to grow and surpass $ ETH's market cap because it is also a next-gen coin. The centralized banker coin gets much hate from the blockchain community, but you could use it to take some nice profits with you if you can catch it in the dip. Exchange: Binance #4 Binance Coin ($BNB) The cryptocurrency backed by the world's largest crypto exchange is not going anywhere, no matter what happens to the market. Binance has also recently announced it will issue Proof of Reserves for its BUSD stablecoins, so we can also rely on BNB. Exchange: Binance #5 Basic Attention Token ($BAT) Basic Attention Token is the altcoin behind a blockchain-based digital advertising platform. The digital advertising platform provides fair rewards to users for their attention and delivers higher ad revenue to advertisers. Given its high utility, the BAT token has been rising steadily since 2021 and is also a good buy on dips. Exchange: Binance #6 CARDANO ($ADA) Cardano is a hype project to scientifically research all blockchain-related problems and find solutions. If you believe in the future of blockchain technology, you might see why $ADA should continue to grow. However, keep in mind that until now, it is Vaporware. So we like to trade it for the short term, but to hold it long term, we need more substance. Exchange: Binance #7 OMISEGO ($OMG) $OMG has recently finished its downside curve and is rising in waves. OMG Network is steadily soaring and expanding its market coverage. This underrated altcoin is getting more market attention now. Exchange: Binance #8 LITECOIN ($LTC) Usually, $LTC follows $ BTC's path, so you might not see it dip while $BTC runs, though you might find it at a good price once Bitcoin drops. As it seems proven (historically) that Bitcoin recovers like a Phoenix every time it drops, you might want to take it with you to watch for some cheap Litecoin once Bitcoin falls. Exchange: Binance #9 Chainlink ($LINK) Chainlink (LINK) is a crypto framework for creating Decentralized Oracle Networks (DONs). A DON brings real-world data onto blockchains, enabling hybrid smart contracts. In other words, LINK is a very high-utility crypto to buy the dip; you can invest in it when the market crashes. Exchange: Binance #10 Dogecoin ($DOGE) Dogecoin is one of the best altcoins to buy during a dip. Although just a cryptocurrency that started as a joke, it soon became the world's largest meme-coin. With big names like Elon Musk rooting for DOGE, Dogecoin looks like a good altcoin to buy during a dip. Exchange: Binance Best Crypto to Buy the Dip If you have been in Crypto for a few days, you know what happens when Bitcoin runs right: the alts are bleeding. But instead of going all panicky, we decided to BTFD - we Buy That F#cking Dip! We see the market in cycles; understanding and exploiting those rights is important. Right now, BTC is recovering from its recent drop, as it seems to be recognized as a "safe haven" asset, alongside the more commonly known financial markets. Kim Jong Un is doing wild things again; the financial markets react (in ways most asset holders don't like), and people panic-sell. They search for shelter in this thing they heard about so often recently, this Bitcoin or so. Why is BTFD Important for Crypto? "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 the window; we fill our bags instead with top-notch coins likely to recover quickly, and we often buy in this state of the BTC/ALT cycle. Some cycles are very important, and others not so much; we all wonder when the next bull market will come. 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! Why, you ask? This is the BTFD mantra to remember to get great prices when things are down in the dumps. Price explosions from nowhere cause 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 holders is BTFD! Like the stock market, you have to wait to be great! Short-term money traders come and go; the long-term guy's bank, so think long-term! https://youtu.be/l4v8rLEI4Pg 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 a Bitcoin run causes a dip, always keep in mind to watch the dollar value of your total holdings; this can be very calming. If you ask yourself where to enter these coins on their dip, check for prior support levels and spread-average buy orders on those levels. Other than that, let the above video inspire you to what? That is right, BTFD! Before we End 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 is the definition of BTFD. We want to repeat it to you repeatedly until you just BTFD! A great example from the past was if you BTFD on real estate, the 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! https://youtu.be/0akBdQa55b4 As Crypto Traders, we are the ugly redheaded stepchildren, or as Cartman from South Park 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 cryptocurrencies as the market declines; all these panic sellers are not thinking BTFD, but instead are SELL SELL SELL! This is why these short-term traders will likely lose their shirts on Bitmex's trading margin instead of BTFD! BTFD Bitcoin Price Drop Chart The above example is exactly what most traders don't do :( Instead of buying, they sell into a panic and later will likely regret their bad decision as they look back on BTC, which is above $100,000.00 a coin, going "COIN DAMNIT! SHOULD HAVE BTFD BTC Maximalists 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 set to take over BTC, leaving Bitcoiners sucking dust as it goes to the moon! The main reason is the advantages of smart contracts that ETH offers users, so in the future you might see various schemes and such as DEFI tokenomics come into play. DEFI is considered the next growth area, with yield farming and lending/borrowing functions within the marketplace offering 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 will be, so diversifying your portfolio of BTFD coins is smart, to say the least, as you will give yourself a crypto gold portfolio of diversity, protecting and taking advantage of any changes in the crypto market that might happen. Final thoughts on Buy the Dip Crypto These are my last thoughts on BTFD, and whatever you envision for the future of Bitcoin/Cryptocurrency, we are all in the same boat. Keep your ear to the grindstone and prepare 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 ;)

Tag: Cardano

DON’T MISS A CRYPTO THING

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Tag: Cardano

Top 10 Buy the Dip Crypto: Altcoins to Buy When Everything Dips

DON’T MISS A CRYPTO THING

SMARTOPTIONS

RESOURCES

IMPORTANT