We can be CZ

[bbc.reporter]

Why is everyone worshipping this CZ who caused the FTX dump and the dump on October 2025? This chinaman is not your friend and his advice to buy and hold, he wants you to become the bagholder while his friends are dumping on our faces with our mouths open hehehehe.

Also, it was discovered that Binance had special agreements with Ethena to have their positions protected from auto deleveraging mechanisms while everyone else including market makers were not.



At first glance, the $19 billion liquidity wipeout on Oct. 10 looked routine: a rapid chain of liquidations, or forced closures of trading positions, across major exchanges as bitcoin, the largest cryptocurrency, tumbled.

It's what followed, and the lack of transparency over the day's events, that's made the largest single-day liquidation by dollar value in crypto history frustrating for traders and changed crypto trading fundamentally.

And one name has everyone's attention: Binance.

The world’s largest crypto exchange has, for many, become the face of the crash, which saw bitcoin drop as much as 12.5%, the most in 14 months. That forced exchanges to close or liquidate leveraged positions that had run out of funds to remain open.

Read in full https://www.coindesk.com/markets/2026/02/01/crypto-s-usd19-billion-10-10-nightmare-why-everyone-is-blaming-binance-for-the-bitcoin-crash-that-won-t-end

[SquallLeonhart]

He doesn't trade.

He's got people who trade for him.

CZ is a shady guy and some well known individuals accuse him of orchestrating the 10.10 liquidation event.

Remember how there was an insider whale who shorted BTC minutes before Trump tweeted about tariffs on China?
It was all done on Binance and CZ said he knows who it was but would protect his identity.
CZ is doing a lot of shady stuff especially involving his crappy stablecoin and that shitcoin Ethena that people claim was responsible for the liquidation event in October.

Have you noticed that the more shady an exchange owner is the more shitcoins he allows to be traded on the platform? Suddenly all of them have their own stable coins pegged to who knows what and backed by their own money. Then it all goes to shit like Luna did and they're forced to sell their own assets to cover that, crashing the prices of these assets.

Shady stuff will be involved if we are dealing with huge sums. For some, it might be shady business but for CZ it was just another money making opportunity which he felt is permitted. As per I recall, CZ has hardly broken any laws but yes, he has found some loopholes and have made a decent chunk out of those loopholes. I don't think that is wrong on this part. This is much expected due to the flaws in the systems.

I still don't think CZ to be a shady person and I would still trust his exchange even if he is no longer a part of it. Yes, he will definitely have people trading for him and he would not get his hands dirty. It will be those people's headache to gain profits out of trading and keep monitoring the charts while CZ will sit back and sip a cool beer while watching those traders break their heads.

[Alpen]

Sorry for the clickbait guys, just wanted to get your attention, especially those who keep trying to overcomplicate things just to be profitable with their investments. I just came across this post while doing my usual Facebook scroll and thought it was worth sharing.

HOLD really is still the best strategy. (according to CZ).

I'm a businessman, not a trader.  how about you?

I’m not exactly a fan of CZ, but he’s spot on here. Trading crypto is incredibly difficult because of the insane volatility. When you consider the 70-80% drawdowns that hit every four years, even long-term traders can see their profits and deposits wiped out in an instant.

However, I’m against letting crypto just sit there as "idle assets." You have to combine holding with staking. While Bitcoin only offers a modest 3-5% APY, being selective with altcoins—like TRX—can net you up to 20% on platforms like Cryptomus. Don't just hold; make your capital work.

[Swordsoffreedom]

I’m not exactly a fan of CZ, but he’s spot on here. Trading crypto is incredibly difficult because of the insane volatility. When you consider the 70-80% drawdowns that hit every four years, even long-term traders can see their profits and deposits wiped out in an instant.

But this is not a secret either. Trading is known to be very risky and not for everyone, and this has been known since the market's inception. Holding is always the best strategy, and everyone knows that. But many of them still choose to trade because of the ambition to get rich quick.

However, I’m against letting crypto just sit there as "idle assets." You have to combine holding with staking. While Bitcoin only offers a modest 3-5% APY, being selective with altcoins—like TRX—can net you up to 20% on platforms like Cryptomus. Don't just hold; make your capital work.

In contrast to you, I think that's a bad idea. Staking means handing over our Bitcoin to someone else, and this is risky. We will have to face the risk of losing all our bitcoins just to earn 3-5% APY per year. Is it worth the trade off?

[ancafe]

I’m not exactly a fan of CZ, but he’s spot on here. Trading crypto is incredibly difficult because of the insane volatility. When you consider the 70-80% drawdowns that hit every four years, even long-term traders can see their profits and deposits wiped out in an instant.

However, I’m against letting crypto just sit there as "idle assets." You have to combine holding with staking. While Bitcoin only offers a modest 3-5% APY, being selective with altcoins—like TRX—can net you up to 20% on platforms like Cryptomus. Don't just hold; make your capital work.

In the context of trading, I also agree that achieving perfection is difficult for those involved because trading is risky and even difficult to predict due to its high volatility. It's even worse when involved in futures trading because poor trading skills can actually lead to people losing more money in a relatively short period of time. But in terms of investing, letting assets like Bitcoin sit idle and not traded as is the pattern for long-term investment is consistent because it aligns with the expectations of most of us.

I wouldn't dare suggest that altcoins are a profitable option compared to the alternatives available on exchanges as many people sometimes just follow the hype which can be problematic under certain circumstances. Bitcoin offers certainty, even though it offers a 3-5% APY as you mentioned, but it's far more tested and proven to be reliable.

[7juju]

CZ is a rich guy, he can afford to HODL, but what about some middle class dude, who puts all his life savings into Bitcoin and the BTC price drops? Is he going to HODL until the end? I don't think so. There's no "one size fits all" type of financial advice.

Why will a dude put all his life savings in bitcoin does that really make any sense? Anyone who puts all his life savings in bitcoin has made a big financial mistake and such person can never hold bitcoin for a long time. The emotional and psychological torture will be too much to bear. Anyone found putting all their life savings on bitcoin is never wise, and the person bound to sell somewhere along the line. Anyone who intend to hold bitcoin for a long term should invest less than 50% of their savings in bitcoin.

[Fiatless]

Why will a dude put all his life savings in bitcoin does that really make any sense? Anyone who puts all his life savings in bitcoin has made a big financial mistake and such person can never hold bitcoin for a long time. The emotional and psychological torture will be too much to bear. Anyone found putting all their life savings on bitcoin is never wise, and the person bound to sell somewhere along the line. Anyone who intend to hold bitcoin for a long term should invest less than 50% of their savings in bitcoin.

No generally accepted percentage of someone's income that should be invested in Bitcoin. I can decide to invest more than fifty percent as long as I have substantial emergency funds. Some people have taken the risk of investing as much as eighty percent of their saving on Bitcoin and keeping it for a very long time. Without emergency funds, investors might be forced to sell off if they have an unexpected need.

[khiholangkang]

I think I'm better like Satoshi in holding his Bitcoin and it's quite simple just HODL is done, no trading, no other onchain activities but his wealth continues to grow every cycle, is it very difficult for us? of course it's not difficult, because just buying and holding it, everyone can, and trading will only make us poor quickly so we don't have funds to invest in bitcoin.

I see CZ is good, but I do not admire him too much because behind the scenes he has a character that is not known by many people, he did not become a trader but he did something for these traders could not have much profit, he got into many businesses in the blockchain space to compete with developers who managed to attract the market, but for his HOLD bitcoin needs to be imitated, not everything about him is bad, we can imitate the good things of whoever it is out there.

[Alpen]

In contrast to you, I think that's a bad idea. Staking means handing over our Bitcoin to someone else, and this is risky. We will have to face the risk of losing all our bitcoins just to earn 3-5% APY per year. Is it worth the trade off?

Baш apгyмeнт бьeт пo caмoмy бoльнoмy мecтy cтopoнникoв «чиcтoгo» xpaнeния — бeзoпacнocти. B aнглoязычнoй cpeдe этoт pиcк чacтo нaзывaют "$5 wrench attack" (aтaкa пятидoллapoвым гaeчным ключoм), кoгдa злoyмышлeнникy пpoщe выбить пapoль из влaдeльцa, чeм взлoмaть кoд.

Boт тpи вapиaнтa пepeвoдa, oт peзкoгo и пpямoгo дo бoлee aнaлитичecкoгo:

Bapиaнт 1: Пpямoй и «тpeзвый» (для Reddit или фopyмoв)
Этoт вapиaнт звyчит кaк жecткий oтвeт нa идeaлизм coбeceдникa.

Let’s be real: without centralized services, Bitcoin would still be stuck in the "trading for pizza" era. Even if you use cold storage, you still eventually need an exchange to off-ramp to fiat and interact with the banking system.

Furthermore, if you’re holding a significant amount of capital, I would actually advise against self-custody. You’re risking your life and the safety of your family if criminals track your address—and they are getting very good at it. The list of crypto investors targeted for physical violence is growing every day.

Look at the stats: last year alone, hackers stole 713 million USD from non-custodial wallets, accounting for 24% of all hacks. In most cases, only centralized platforms have the insurance or treasury funds to compensate their users.

[Strongkored]

I think I'm better like Satoshi in holding his Bitcoin and it's quite simple just HODL is done, no trading, no other onchain activities but his wealth continues to grow every cycle, is it very difficult for us? of course it's not difficult, because just buying and holding it, everyone can, and trading will only make us poor quickly so we don't have funds to invest in bitcoin.

Whether this is difficult or not depends on each person's financial capacity.
Those who hold Bitcoin from DCA because they can't afford to buy large quantities will find it difficult to hold on to their Bitcoin when the price drops, especially if something important and unexpected happens suddenly.

Big holders are those who are already wealthy and only use Bitcoin to grow their wealth or maintain its value.

[asriloni]

HOLD really is still the best strategy. (according to CZ).

Trusting CZ is the worst thing i've ever seen. He said that just to brainwash others to keep hodl their asset, while his company keeps dump more and more Bitcoin. His company also liquidated billions from people. So it's so dumb to trusting him.

I don't say he's wrong, but does it make sense to trust a marketmaker like him? trusting him will make you become his exit liquidity.

[khiholangkang]

I think I'm better like Satoshi in holding his Bitcoin and it's quite simple just HODL is done, no trading, no other onchain activities but his wealth continues to grow every cycle, is it very difficult for us? of course it's not difficult, because just buying and holding it, everyone can, and trading will only make us poor quickly so we don't have funds to invest in bitcoin.

Whether this is difficult or not depends on each person's financial capacity.
Those who hold Bitcoin from DCA because they can't afford to buy large quantities will find it difficult to hold on to their Bitcoin when the price drops, especially if something important and unexpected happens suddenly.

Big holders are those who are already wealthy and only use Bitcoin to grow their wealth or maintain its value.

It's difficult for those without a steady income and good money management. Financial ability is relative, and everyone can achieve good results if they manage their finances well. Unless they don't have an active income, it's better to be patient and not invest at all. So, it's not a bad idea for developers to earn their money first.

Of course, large holders are already very wealthy, but some people who aren't rich have become wealthy by holding Bitcoin. As long as they consistently invest in Bitcoin over the long term, they will also certainly gain wealth in the future.