wallet that has a publicly available balance on the blockchain. However, no one has the access to its assets.</p>\n<p>In other cases, burning may occur when the developers <strong>buy the tokens back from the market or burn some of the readily available supply</strong>. This process is primarily employed for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-deflation/">
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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":130,"original_id":null,"author_id":41,"translator_id":null,"title":"What does Buy The (F*******) Dip (BTD/BTFD) mean?","slug":"what-does-buy-the-f-dip-btd-btfd-mean","section":"B","keyword":"Buy The (F*******) Dip (BTD/BTFD)","status":"published","definition":"a slang phrase used by crypto enthusiasts to encourage buying an asset at a low market price.","content":"<p><strong>Buy The (F*******) Dip (BTD/BTFD)</strong> is a phrase commonly used in the crypto world. It depicts encouragement from crypto enthusiasts to purchase a <strong>crypto asset</strong> when its price dips down. It is part of the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bull/">
bullish market strategies which encourage traders to buy assets at a low price and sell them when the price goes up.</p>\n<p>Some crypto investors view <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-dip/">
dips in the price not as a change in the asset value but as a <strong>limited-time discount on the asset</strong>. This leads to the viewpoint that the <strong>asset must be acquired as fast as possible</strong> while the market price stays low. This attitude is common among some crypto bulls.</p>\n<p>The term is commonly used in social media, and can sometimes be seen trending on Twitter or Reddit. The phrase is often seen in discussion boards and is generally recognized in the crypto community.</p>\n<p><strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">Cryptocurrencies are more <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatile than <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat assets</a></strong>. Thus, predicting their market value can be more difficult as they experience frequent price fluctuations. BTFD encouragements are tied with the belief that the price has reached the lowest possible price point.</p>\n<p>Buying the dip can carry some risk for crypto investors, as <strong>miscalculating the timing can negatively impact their assets</strong>, in some cases even leading to them losing a significant chunk of their net worth.</p>","level":"easy","meta_title":"What does Buy The (F*******) Dip (BTD/BTFD) mean? Definition & Meaning | Crypto Wiki","meta_description":"Buy The (F*******) Dip (BTD/BTFD) meaning: Buy The (F*******) Dip (BTD/BTFD) - a slang phrase used by crypto enthusiasts to encourage buying an asset at a low market price.","meta_keywords":null,"language":"en","created_at":"2022-02-18T11:50:42.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-does-buy-the-f-dip-btd-btfd-mean"},"prevSection":{"id":128,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Bull?","slug":"what-is-bull","section":"B","keyword":"Bull","status":"published","definition":"a trader who strategizes their investments with the expectation that an asset’s price will increase.","content":"<p>In both the traditional and crypto markets, <strong>bulls</strong> are known as <strong>investors and traders who expect the price of an asset to increase</strong> and base their market strategy on this presumption.</p>\n<p>The strategy of bulls is based on buying an asset at a low price and selling it at a higher value. The term likely originated from a bull’s style of attack by pointing its horns upward.</p>\n<p>Bulls hope to make profits with their trade strategy as they expect the price of the asset to increase from the rate at which they purchased it. They tend to hold an <strong>optimistic outlook</strong> on the market conditions. Their market strategy is described as “<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-longing-long-position/">
going long</strong></a>” – they wait for the value of the assets they purchased to progressively increase over time.</p>\n<p>The opposite of the bulls in the market are <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bear/">bears. Bears hold the belief that the price of an asset will decrease, and thus they adopt the strategy of “<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-short/">shorting” their assets.</p>\n<p>Bull can also refer to the overall market conditions. A <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bull-market/">bull market</strong></a> reflects the scenario when the prices of most or all assets are steadily increasing over a longer period of time.</p>\n<p>The prices of assets in a market can change positions several times in a single day, moving upwards and downwards. The shifts are caused by the activities of day traders. If the prices are steadily moving upwards for an extended time, the market can be referred to as bullish.</p>\n<p>The dynamic in the <strong>crypto market</strong> has been leaning towards bullish since its inception in 2009. The price of the first and largest cryptocurrency in the world, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a>, has steadily increased since March 2010, when it was valued at $0.003 per coin. In November 2021, Bitcoin was valued at $61,000 per coin.</p>\n<p>There have been price fluctuations throughout the years. However, the overall trend of cryptocurrencies has remained bullish.</p>","level":"medium","meta_title":"What is Bull? Definition & Meaning | Crypto Wiki","meta_description":"Bull meaning: Bull - a trader who strategizes their investments with the expectation that an asset’s price will increase.","meta_keywords":null,"language":"en","created_at":"2022-02-18T11:43:23.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bull"},"currentChapter":"B","currentSection":"what-is-burning","chapterTitle":"B","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-burning","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter B
What is Burning?
Burning MEANING:
Burning -
the process of permanently taking cryptocurrency coins or tokens out of circulation.
Let's find out Burning meaning, definition in crypto,
what is Burning,
and all other detailed facts.
The deliberate act of permanently removing cryptocurrency assets from circulation is called burning. Situations where assets are lost accidentally, such as sending them to the wrong address or losing access to the wallet, are not considered burning.
The developers of a cryptocurrency are typically responsible for performing token burning. The most common method of burning is sending the tokens to an eater address. This is a wallet that has a publicly available balance on the blockchain. However, no one has the access to its assets.
In other cases, burning may occur when the developers buy the tokens back from the market or burn some of the readily available supply. This process is primarily employed for deflationary purposes.
Reducing the circulation of a cryptocurrency commonly leads to the price of the asset increasing. This can be an incentive for new traders to invest in the asset.
Stablecoins, cryptocurrencies that have their value pegged to a certain asset (like gold or the US dollar), heavily rely on token burning. This process helps to regulate a steady supply of a stablecoin to ensure its price remains at the set value.
