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What is the meaning of 'bmbo' in the context of cryptocurrency?

avatarMonster ManuDec 25, 2021 · 3 years ago3 answers

In the context of cryptocurrency, what does the term 'bmbo' refer to and how is it used?

What is the meaning of 'bmbo' in the context of cryptocurrency?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    In the world of cryptocurrency, 'bmbo' is a slang term that stands for 'buying more bitcoin only.' It is often used by traders and investors to express their strategy of accumulating more bitcoin when the price dips. The idea behind 'bmbo' is to take advantage of price fluctuations and accumulate more bitcoin over time. So, when someone says 'bmbo,' they mean they are buying more bitcoin during a price drop to increase their holdings.
  • avatarDec 25, 2021 · 3 years ago
    Ah, 'bmbo' in the cryptocurrency world! It's a term that's thrown around by crypto enthusiasts when they're talking about buying more bitcoin. You see, when the price of bitcoin drops, some people see it as an opportunity to accumulate more bitcoin. So, they say 'bmbo' to indicate that they're buying more bitcoin during a dip. It's like a secret code among crypto traders to show that they're taking advantage of the market and increasing their bitcoin holdings. So, if you hear someone saying 'bmbo,' you know they're on a mission to stack up those satoshis!
  • avatarDec 25, 2021 · 3 years ago
    When it comes to cryptocurrency, 'bmbo' refers to the strategy of buying more bitcoin during a price decline. It's a term commonly used by traders and investors to express their intention to accumulate more bitcoin when the market is down. By buying more bitcoin at a lower price, they aim to increase their holdings and take advantage of potential future price increases. So, 'bmbo' is all about seizing opportunities and building up your bitcoin stash. Remember, the key is to buy low and hodl!