Did you really know what CZ would mean?

[Mpamaegbu]

He has traded before, he was losing, but this can not be to reason he posted this. I think he posted this because of what he is seeing about crypto trading. He noticed that most people are losing.

Each, what works for them. CZ has picked his niché and should stick to it. There are developers whose stock in trade is trading, unlike him who believes in hodling. By the way, if CZ is truthful he would be open to telling us that hodling doesn't give any asset its worth. It's the activity of market dynamism involving the interchange between buyers and sellers that does. Again, CZ won't tell us he hasn't suffered losses by hodling. BNB and Bitcoin aren't the only coins he hodls. There were a few alts he told us he bought last year. What are their current prices now?

In other words, only HODLing differentiates between a Bitcoin investor and a trader in the interpretation of many these days.

Don't forget that hodlers are technically Position traders. Nobody hodls forever, except they've misplaced access to their coins or are demised. At some point, every hodler will sell off.  Invariably, from a deep perspective; investors, hodlers and traders are all in the same boat.

[EarnOnVictor]

In other words, only HODLing differentiates between a Bitcoin investor and a trader in the interpretation of many these days.

Don't forget that hodlers are technically Position traders. Nobody hodls forever, except they've misplaced access to their coins or are demised. At some point, every hodler will sell off.  Invariably, from a deep perspective; investors, hodlers and traders are all in the same boat.

If you go that route, that means you would further confuse people, though not me. For it to be popular today that those who are not trading Spot, Margin/Leveraged products, but short-term holders who buy and sell repeatedly, are traders, means the interpretation is now delicate.

Above all, both traders and investors are still trying to "invest." But if your investment activities are short-term and repeatedly allow for liquidation and reinvestment, then you are categorised as a trader. The true investors in today's interpretation are the fervent long-term investors.

Basically, the tenure is 1 year, but it depends on the asset, as some asset categories have up to 3-5 years before you can call the holders investors. Otherwise, they are traders.

[yhiaali3]

Yes, I agree with CZ, although he is sharing his experience and this is not a judgment on all traders, but I personally agree with him because my trading experience is similar to his.

Yes, trading can bring some profits, but it also brings many losses. After several years of trading, I did some simple calculations: if I had held onto the money I lost in the long run, it would have exceeded all the profits I made in trading during that entire period.
Therefore, yes, I agree with him; holding in the long term is far better than trading.

[Mpamaegbu]

~

If you go that route, that means you would further confuse people, though not me.

Anyway, but that's plainly true.

Basically, the tenure is 1 year, but it depends on the asset, as some asset categories have up to 3-5 years before you can call the holders investors. Otherwise, they are traders.

You know, of course, that there's nowhere it's stated that for someone to be categorized as a hodler, they've to keep it for at least 1 year, right? Now, let's take for instance that it's so. Haven't you seen position traders who hodl for as long as about that time? I know Dapo Willis, the Nigerian-Dubai based trader, holds his trades that long. Though he's known for trading FX. Are we also going to say he's a hodler instead of a trader? But of course, not. He's a trader.

[SmartGold01]

What I senses from his statement is that he was pained seeing himself constantly losing money while trading, not just that he wasn’t able to afford the amount used in trading but he can’t just keep watching himself lose while trading, meanwhile if he holds for longer term he would still make above what he profits while trading. Instead he decides to quit than trading and losing money while in the next circle the market doubles itself so it makes no sense trading anymore for him that is what I noticed couples that he is a developer.

[michellee]

CZ telling to people that he doesn't trade daily, he doesn't buy and sell, and he doesn't try to time the market but he lost money. Trading is not for all people and only those who willing to learn.

Being an investor/holders will be better for those who doesn't want to confuse with the lesson or analyzing. CZ gives the suggestion to people what they can do besides being a trader.

If people wants to becomes a trader, they must have rules that will protects them from the big lose. They should trades with the money they can afford to lose. That is also apply if they choose to be investors.

[Strongkored]

We should not trade with the amount of money that we can not afford to lose.

We can still continue trading but with high caution, and agree with this, only with money we can afford to lose.
Many traders do not know when to exit, which is why they end up with big losses, even choosing to hold onto their altcoins until they become worthless. Only hold Bitcoin, as holding altcoins carries higher risk, more suitable for trading only while still using SL.

[SOKO-DEKE]

Trading is not really easy to make money from, no matter the level of knowledge about trading and general cryptocurrency. Making profit from trading also means experiencing losses at times. With the number of people who claim they have lost money in trading, compared with those who lost money through long-term investments like Bitcoin, it is clear that holding is the best strategy to make money from Bitcoin investment.

I am not talking about other shitcoin investments, because anyone who invests in altcoins should know that he or she is mostly gambling, since most of these altcoin projects are pumpand dump schemes. The first issue is that people are not patient enough to hold Bitcoin. Trading always looks like the best strategy in imagination, but if someone thinks, If I make 2% of my capital from trading in one month, I should make over 100% profit in a year, they forget that losses are also part of the process.

[Odogwu-Blockchain]

CZ is only doing holding because he is a busy person with lots of activities and engagements where he lacks the time to sit in front of the screen for too long, day trading needs your attention and focus more than anything else.

How do you think the former Binance Manager would be skipping board meetings and other external submit invitations for daily trading, it can't be possible.

So don't expect such personality to be a day trader, they automatically turn holder because their daily lifestyle and curriculum lets them be.

The reasons why some trader also is a day trader, because they had and spent lots of time at home with less activities outside, such trader have the chance and time to time the market as long as he wants.

[L E G E N D A R Y]

He's simply sharing his experience, I don't think he's doing this to help anyone who's passionate about trading and losing money. He's simply stating the obvious, saying that holding beats trading. And for most traders, this will be a true statement, even for some traders who trade with small profits but spend a lot of time and effort on it. And those who've been paying close attention to altcoins have also gone through difficult times, so I fully support him when he talks about hold Bitcoin.

Yes, his words are very correct and also to motivate other investors to see reasons why hold is more better than trading, though everyone has their own perspective on why they make their decisions when it comes to investment and trading but its essential to go for the one that will give you comfort, despite how volatile the market is. But nevertheless one should involve themselves in what works for them.







Experience is a hard teacher because she gives the test first, the lesson afterward.
―Vernon Sanders Law

[Lida93]

-snip-
He has traded before, he was losing, but this can not be to reason he posted this. I think he posted this because of what he is seeing about crypto trading. He noticed that most people are losing.

Or am I wrong?

You are not wrong, but there is more to this in today's interpretation.

Apparently, everyone wants to make more money, even if they already have money, which might have led CZ to venture into trading and lose, just like most people. However, trading is more categorised these days, and it is not everyone trading leverage or margin products who are trading, some people might have Bitcoin in their wallets and change it regularly for USDT and other stablecoins, or even other coins/tokens, thereby not HODLing their Bitcoin stably. The recent interpretation classifies them as traders too.

In other words, only HODLing differentiates between a Bitcoin investor and a trader in the interpretation of many these days.

People who actually do trade in leverage or margin are obviously different from those who just convert their BTC  or any coins into USDT but in actual sense they have liquidated what could have being a bitcoin holding for them. And from what I can understand with CZ is that we should endeavour to hodl than we trade because truly speaking, the real profit is in investment in hodling than trading, but unfortunately, some persons wants fast profit and trading appears appealing to that.

[shinratensei_]

This was posted on bitcoin discussion but I think we traders need to also specifically discussed about it. This is coming from a person that is a former Binance CEO and he will still know what is going on to traders.

He has traded before, he was losing, but this can not be to reason he posted this. I think he posted this because of what he is seeing about crypto trading. He noticed that most people are losing.

Or am I wrong?

We should not trade with the amount of money that we can not afford to lose.

He's just insinuating that maybe some people not cut for trading and maybe it's time to hodl instead. Of course with a little shill for his BNB.
It's not that deep, how come a company that runs biggest OI in perp dex care about their user losing because in my opinion, it's not in their interest to fud their own platform.

That big trading volume to increase revenue from fee need to come from somewhere.

[hero_the_bossman]

He's simply sharing his experience, I don't think he's doing this to help anyone who's passionate about trading and losing money. He's simply stating the obvious, saying that holding beats trading. And for most traders, this will be a true statement, even for some traders who trade with small profits but spend a lot of time and effort on it. And those who've been paying close attention to altcoins have also gone through difficult times, so I fully support him when he talks about hold Bitcoin.

Yes, his words are very correct and also to motivate other investors to see reasons why hold is more better than trading, though everyone has their own perspective on why they make their decisions when it comes to investment and trading but its essential to go for the one that will give you comfort, despite how volatile the market is. But nevertheless one should involve themselves in what works for them.

Experience is a hard teacher because she gives the test first, the lesson afterward.
―Vernon Sanders Law

CZ says what he wants and can.

Sure, we can listen to him or think about it, but in the end of it, our logic will differ greatly from him simply because we are on different levels. Capital-wise especially.

[boyptc]

I agree hodl is good, but sometimes it is mandatory to take profits, look at Ethereum, you bought it at $3k you could sell it at $4.8k but if you didnt you are back to or under $3k so here you go hodl strategy doesnt work, its also good to take profits even if 30% or 50%, no one hodls to infinity.

We hold but don't forget to take your profits. Someone who's going to hold forever will have also the plan in taking profits.

You hold some of your BTCs but if you see some window of taking profits, don't skip that because we can always buy and the market isn't always up.

So you choose, you hold and get nothing and hope for the better long run. Or you still hold but you take profits along your way to long term holding.

[justdimin]

He has traded before, he was losing, but this can not be to reason he posted this. I think he posted this because of what he is seeing about crypto trading. He noticed that most people are losing.

Seems like, CZ traded something else and not bitcoin, 20 years ago he tried being a trader, probably even in finance world as a dev, and he failed and realized he isn't made for trading, so he just kept being a coder instead and stick with his own lane. This is why I am sure that we are going to see things be a bit different and for that reason I am sure that we are going to see him not be that crazy about trading itself, but can see how he could make money from other traders.

Like casino owners never gamble, CZ sounds like depside he owns world's largest crypto exchange, he never trades. Moreover, all investors must have been a trader who faced massive losses. Because, trading must be a quick money printing method and if you ignore it means, you must have strong (and bitter) reason behind it.

[Josefjix]

Like casino owners never gamble, CZ sounds like depside he owns world's largest crypto exchange, he never trades. Moreover, all investors must have been a trader who faced massive losses. Because, trading must be a quick money printing method and if you ignore it means, you must have strong (and bitter) reason behind it.

I don't actually sees these big whales as daily trader, it can't be possible. What they could actually participate in is early investing in altcoins like the ones conducting Binance pool and launchpad then, these are the what CZ will be participating in since they owns the platform and some spot would be given to me by the Dev.

I don't find them doing daily trading because it's out of their league, the are bigger than gambling with profits, loosing money and regaining it back hour after hour, days after days and more.

[JeffBrad12]

I'm suspicious that tweet isn't showing the whole picture. I'm guessing in this context CZ is asked by some people how to be a good trader and he answered with that and add some rhetoric on top of that.
He don't really mean anything beyond the fact that he is just holding and building things and not really trading and in that sense that is true, CZ has been building binance and become billionaire from it.

The twitter account above somehow twist that dialogue around into some holy piece of advice triying to prove a point about trader which honestly hilarious.

[SuperBitMan]

Trading is very risky and I believe everyone that is a trader knows about that, for me I usually trade because I see it as a fun activity and I use only my discretionary income to trade because I know how risky it is, when you are fully involved in trading believe me you will be losing money a lot so the best thing to do is to use only your discretionary income to trade and then focus on accumulating  bitcoin and holding for a long time just like he said that is one of the best things to do. I’m not saying that people who are trading Don’t make money from it. They do, but it is very risky and we should be very careful so we won’t lose money we are suppose to use for an important thing in our life to trade.
Just like the OP said, use only money you can afford to lose, which is also using only your discretionary income.

[Eternad]

The word trading sail off already for me long time ago. I’m sucks on trading and I knew that it’s susceptible to manipulation that resulted to price volatility that can hit SL or Liquidation regardless of what your position.

Instead of trading, I focus on accumulation and improved at work to have higher salary that I can use for more purchasing power.

I’m on crypto for already a long time. After witnessing a lot of crypto crash and winter. I settled down on buying the dip strategy and just hold it without worrying about liquidation or stop loss.

[lixer]

CZ says what he wants and can.

Sure, we can listen to him or think about it, but in the end of it, our logic will differ greatly from him simply because we are on different levels. Capital-wise especially.

Yeah, so far almost every cycle, I save during the bear cycle and buy, and I sell during the bull run and pay off my debts, and repeat. If I kept it and not sold, I would have been a millionaire, but in theory even if I wanted to, how could I? Like if I didn't paid my debts back, then what could I do?

And not like these were debts I made because of overspending, like getting brand new iphone or some luxury vacation or something, these were debts I made from medical reasons, so makes no sense that I wouldn't be able to pay at all.