Did you really know what CZ would mean?

[Oshosondy]

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?

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.

[EarnOnVictor]

-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.

[hd49728]

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.

We must be repsonsible with our decisions, actions, with our money and any result we get from our actions. In either investment or trading or even anything else, we must be fully responsible with our money. Winning or losing money from our actions, it's our responsibility, and we can not blame our losses on CZ, the market or anything.

Centralized exchanges are just there for people to use as where to buy bitcoin and withdraw it to self custodial wallets for long term holding as investment, or to leave coins there for trading, even with margin trading or futures trading. We can lose our money on CEX or get profit on CEX, but it's from our action with own money and profit only is gained in long term if we are focusing on investment rather than on trading.

Centralized exchanges are very dangerous for storing fund there a long time. See how many centralized exchanges died with time.
Cryptocurrency exchange graveyard.

[Yamane_Keto]

HOLD isn't always the best strategy. I could give you thousands of examples of cryptocurrencies that haven't recovered even 10% of their all-time high (ATH), so holding isn't a suitable option in those cases.Trading can be profitable or not; it's not for everyone. Unless you have the necessary knowledge, it's best to hold Bitcoin and diversify your investments into gold, silver, and stocks.

[tbct_mt2]

HOLD isn't always the best strategy. I could give you thousands of examples of cryptocurrencies that haven't recovered even 10% of their all-time high (ATH), so holding isn't a suitable option in those cases.Trading can be profitable or not; it's not for everyone. Unless you have the necessary knowledge, it's best to hold Bitcoin and diversify your investments into gold, silver, and stocks.

HOLD works for Bitcoin as Bitcoin market price history proves that but with altcoins, it does not work with most of altcoins. It's not because of holding strategy failure but it comes from altcoins themselves. If altcoin projects are weak, useless and their founders, developers abandon their projects, how investor community can stay with those projects. Without dedication of development, without demand from the community, altcoin projects mostly fail and die with time.

Choosing and adding altcoins to your portfolio for long term holding is very risky strategy. It's very bad use of hold strategy that basically is for good asset and altcoins are not such good ones.

[Franctoshi]

CZ is actually talking from the standpoint of experience. [95% of traders lose money; if you are not a whale or market mover, your chances of profiting are low because you are fighting with the big banks 🏦 and the big institutional funds. Market that when you buy they sell, and when you sell they buy if you trade leverage. They can take you out when even the strongest support and resistance. They have the money to move the price to their desired direction because they own liquidity.

[goldkingcoiner]

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?

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.

Most people are losing because of what and how they are trading. There is a difference between trading low liquidity shitcoins in the hopes of catching that 50% profit pump. But in the end they get pumped and dumped, leaving these "traders" with almost nothing.

But experienced traders who know what they are doing? They can easily trade for a profit.

Just because CZ once tried it and gave up says nothing about the rest of us traders.

[Inwestour]

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 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.

[EL MOHA]

Most people are losing because of what and how they are trading. There is a difference between trading low liquidity shitcoins in the hopes of catching that 50% profit pump. But in the end they get pumped and dumped, leaving these "traders" with almost nothing.

But experienced traders who know what they are doing? They can easily trade for a profit.

Just because CZ once tried it and gave up says nothing about the rest of us traders.

This is aptly because people go and actually gamble on those shitcoins or memecoins and simply just place it as general trading is actually hard or impossible but it is them actually going for very risky type of trading and then blaming it on trading. For me I think CZ is not wrong because this is a general perception that everyone knows, holding bitcoin is a less risky investment strategy but that doesn’t actually mean trading it maybe on prep is not good because with the right knowledge you will most definitely be able to actually earn from it.

Funny enough CZ has to still squeeze in his own coin as a good investment asset, man is just doing a PR for his coin in my opinion

[Jatiluhung]

HOLD isn't always the best strategy. I could give you thousands of examples of cryptocurrencies that haven't recovered even 10% of their all-time high (ATH), so holding isn't a suitable option in those cases.Trading can be profitable or not; it's not for everyone. Unless you have the necessary knowledge, it's best to hold Bitcoin and diversify your investments into gold, silver, and stocks.

That's right. I even feel that the only things suitable for us to hold in the long term are bitcoin and gold. Other than that, I think we can only trade them at certain moments when it is profitable. Or we can only hold altcoins for a short time by buying them at a correction price and selling them back at a recovery price. Don't place too much hope on altcoins. Because only a small fraction of them managed to hit an all-time high (ATH) during this bullish period. BNB is indeed one of them. But the others don't seem to be doing the same. CZ taught us that not everyone can trade. And trading is extremely risky. But that doesn't mean someone doesn't have a chance to succeed in trading either.

[Arenga pinnata]

I often follow what CZ posts on X. because sometimes some of his posts can be signals that are used by people who create meme tokens based on the narrative mentioned by CZ, even though CZ doesn't actually do it for that purpose. And regardless of whether someone is positive or negative, I still like what CZ says about the reality of trading, which is indeed very difficult and more people experience losses than gains. And indeed, only those who hold on in the long term can ultimately profit without stress, but that may only apply to Bitcoin. Because those who hold altcoins often end up with losses, some even exceeding 90%. So I think whether we trade or hold will depend on the type of coin and the specific coin we are targeting.

[Wiwo]

Trying to shift public attention about the many alleged market manipulations in the derivatives future market and all the other market that have false behaviours under his leadership as the head of exchange binance, infact the exchange have some legal issues with my country sec and one of the accusations against them is local currency market manipulations by his company.

He is right to give such trading advice,  because alot of trader's are actually losing money, but the whales such as himself are gaining massively from all the Market manipulations and volatilities but organic or manipulated ones.

[goldkingcoiner]

I agree with the many negative comments about CZ.

I too have been victim of CZ in the past and lost money because of his app that had broken functions and a dysfunctional UI. when CZ's Trust Wallet lost my $ 6000 USD... The app "Trust Wallet" was acquired by Binance in 2018 and has done nothing special for protecting its users money since then.

Other apps have liquidity warnings and scam protection in place. Why not here, CZ? You would think CZ cared about his users rather than screwing them over.

I do not trust Binance, CZ, Trustwallet or any of his products or associates. And I recommend nobody else trust them either.

[bettercrypto]

What I simply want to convey to the crypto community investors of this era is that if we want our capital investment to be safe in this industry and we want a hassle-free experience, 'holding' is the only way to make that happen specifically with Bitcoin, as much as possible.

And if we ever want to buy other crypto assets, perhaps we should look at Ethereum, Solana, BNB, XRP, and others that we feel have already proven themselves in this crypto space.
We just need to be prepared for the risks we might face with any other crypto coins we choose to buy as an investment.

[Alphakilo]

Perhaps to him, holding is the best way to guard against market manipulation as compared to trading that could be a victim at any time due to volatilities resulting from the manipulation.
A trader has to know what works and decide after a while if their endeavors is profitable or not and either change tactics like CZ CEO did or simply find an alternative.
It's a personal choice for me and his advice is just an opinion amongst the many.

[Ultegra134]

HOLD isn't always the best strategy. I could give you thousands of examples of cryptocurrencies that haven't recovered even 10% of their all-time high (ATH), so holding isn't a suitable option in those cases.Trading can be profitable or not; it's not for everyone. Unless you have the necessary knowledge, it's best to hold Bitcoin and diversify your investments into gold, silver, and stocks.

But you're talking about altcoins here, not Bitcoin. I know that CZ is also addressing BNB, which is their platform's coin and if I'm honest, I'm usually not too fond of coins that are created from corporations etc., but I believe our main objective and goal in this forum is Bitcoin. From my perspective, CZ is trying to point out that everyone has different inclinations, and is addressing that by showing us that even himself, wasn't successful in trading, and he's not a nobody, nor a beginner. Some people are good at other things, it's that simple, which is why the option of holding stands.

[Cryptohygenic]

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.

Do you know that if we even have to pay attention on the CZ post, we may have him complicated because he said he traded 20 years past while bitcoin is not even up to an official 17 years of it creation by Satoshi. So what crypto currency was it he traded by that period of time?
Or I should say he spoke in riddles probably best to be explained by himself.
Although if I must attempt to what he meant, I was think he is referring to the saying that trading is risky and could cause you lost even in the long term with the insights that predicting the market is riskier for those trailing to gamble which concludes that bitcoin is best of resourceful benefits when invested and hodls for a long term.

[Charles-Tim]

Do you know that if we even have to pay attention on the CZ post, we may have him complicated because he said he traded 20 years past while bitcoin is not even up to an official 17 years of it creation by Satoshi. So what crypto currency was it he traded by that period of time?

You are the one that is not getting him right.

He did not say he traded bitcoin or any other cryptocurrencies. People can trade stocks, commodities like metal and crude oil, and fiat in foreign exchange trading.

Maybe he had traded crypto also but what he posted is that he has only bought bitcoin and binance coin in crypto trading.

Be it commodities, stocks, forex or crypto trading, they are all very risky.

[xLays]

HOLD isn't always the best strategy. I could give you thousands of examples of cryptocurrencies that haven't recovered even 10% of their all-time high (ATH), so holding isn't a suitable option in those cases.Trading can be profitable or not; it's not for everyone. Unless you have the necessary knowledge, it's best to hold Bitcoin and diversify your investments into gold, silver, and stocks.

If HODLing is not best strategy, then what is the best strategy then? For people who have HODL bitcoin since launch, nothing has beaten that strategy. Just imagine holding Bitcoin from beginning up to now. And I think that is CZ trying us to understand.
Simple like if you didn't sell you and you still hold the bitcoin right now you're fucking rich.
And never compared bitcoin to altcoins here.

[Cryptohygenic]

Do you know that if we even have to pay attention on the CZ post, we may have him complicated because he said he traded 20 years past while bitcoin is not even up to an official 17 years of it creation by Satoshi. So what crypto currency was it he traded by that period of time?

You are the one that is not getting him right.

He did not say he traded bitcoin or any other cryptocurrencies. People can trade stocks, commodities like metal and crude oil, and fiat in foreign exchange trading.

Maybe he had traded crypto also but what he posted is that he has only bought bitcoin and binance coin in crypto trading.

Be it commodities, stocks, forex or crypto trading, they are all very risky.

Oh you could be right that he may had been referring the trades on other variables which must not be on bitcoin or alt coins but since he was specifically emphasising his investment assets on bitcoin and BNB, I got caught carried away that he is in the baseline of crypto or digital like other crypto currencies.
But he was really right because looking at the reality, the trading markets has been a very risk attempts of making profits with its concept of high knowledge on analysing and predicting uncertainty but yet, no effort is reliable. Investment will always give you peace of mind with lower risks but requires you to hold without short term panicking.