CZ’s actually advice for beginners into crypto worth reading

[PrivacyG]

Funny that Step 1 is "go read Binance Academy". This is like McDonald's telling you to learn nutrition from the Happy Meal box.

They had a pretty interesting course back in the day when they first introduced guides.  Of course, that rapidly turned in to a marketing plan and why would they simply explain how Bitcoin works when they can include all the tools and 'knowledge' any beginner Cryptocurrency enthusiast needs to get them selves screwed up as fast as they can!

[Solokan]

I think this is an interesting topic, and I think your advice is sound It's definitely worth reading for those new to the crypto world Entering the crypto world isn't easy, as many have experienced losses. It's best to start with a small amount, as losses can lead to anxiety, sadness, and stress. However, in my opinion, it's best to start with money you can afford to lose when you start crypto

If you implement strategies like those mentioned, there's certainly potential for success in the crypto world. However, I think it's better to keep crypto as a side business, as the risks are very high, especially with altcoins

[348Judah]

I think this is an interesting topic, and I think your advice is sound It's definitely worth reading for those new to the crypto world Entering the crypto world isn't easy, as many have experienced losses. It's best to start with a small amount, as losses can lead to anxiety, sadness, and stress. However, in my opinion, it's best to start with money you can afford to lose when you start crypto

The idea is not really directed towards newbies to make an investment decision and other things needed of them to do at first with their encounter in cryptocurrency, but he's trying to chill out advertisement on their article the produce for newbies to subscribe onto, someone like me already know the intention to this kind of we of promoting what they have rather than trying to actually help the newbies out with some advice needed.

[tech30338]

It simply means you don't need to rush on things, and be worried when you are losing, don't invest all of your money instead only spend money you are willing to lose, learning while trading or investing should happen and grow while on the process, if you do this things carefully you might be successful.
You don't need to enroll there are lots source in the internet you just have to find the right one.

[Big Dirams]

It simply means you don't need to rush on things, and be worried when you are losing, don't invest all of your money instead only spend money you are willing to lose, learning while trading or investing should happen and grow while on the process, if you do this things carefully you might be successful.
You don't need to enroll there are lots source in the internet you just have to find the right one.

Normally people just tend to do to much if not there always understand how the crypto space and technically they are aware of what investment is and it always about risking what we can actually afford to lose and not risking so much above our risk just because we have higher hopes of such investment ending in good terms. Investment always carry’s risk along no matter what, which is why it is advisable of risking what we can really let go and not doing what beyond our ability because it will eventually cut up to us one way or the other.

 However, about your statement about when we do things carefully we might be successful, that actually a reasonable statement. When things are handle careful then there are chances of not ruining it.

[BlackHatCoiner]

CZ would still be in prison today, and his CEX would probably be banned in the US if it weren't for the man who turned politics into a lucrative business.

I can't hate CZ when there are companies like Coinbase. Like imagine being the custodian for BlackRock's ETF, holding a big chunk of all ETF bitcoin in your cold storage, and then acting like the "decentralized good guy of crypto".

CZ at least had to do the classic route. Plead guilty, do the time, and then wait for a pardon. Coinbase skipped the prison part. Instead, they sent a million to the inauguration fund, got a seat at the White House crypto summit, and the SEC lawsuit vanished like a memecoin.

The fact that every country kicks Binance out makes me want to make an account.

[Patikno]

So I came across this advice given to beginner that are into crypto by CZ and I feel like it’s worth sharing here as well.

Step 1 : learn first. He points to Binance Academy as the top resource

► Step 2 : start small. Not 50% of your net worth.
Start with 1%, even 0.1%. $100, $200, $500, whatever size doesn't scare you.

[...]

In my opinion, it is unwise to jump straight into investing in crypto, even if they have learned the basics. I think the beginners should try a trading simulation first, often referred to as a "demo". This allows them to gain a better understanding of the practice, which can complement the theoretical lessons they have learned previously. Once they have mastered the basics through the simulation, they can then move on to the real trial phase with small amounts, as the OP mentioned.

[taufik123]

CZ at least had to do the classic route. Plead guilty, do the time, and then wait for a pardon. Coinbase skipped the prison part. Instead, they sent a million to the inauguration fund, got a seat at the White House crypto summit, and the SEC lawsuit vanished like a memecoin.

This classic path is actually an easy path for CZ with a release that looks so quick and gets forgiveness, but there is still a process that makes CZ's sleep uncomfortable within a few months and he is also out of Binance.
But Brian Armstrong is really strong As the name ArmSTRONG is getting a special place and was invited by Trump to discuss the Clarity Act.

People like this will only get the best place and forgiveness because they will be used by the government to regulate what they really cannot fully regulate.

[Dreadboost]

I think this is an interesting topic, and I think your advice is sound It's definitely worth reading for those new to the crypto world Entering the crypto world isn't easy, as many have experienced losses. It's best to start with a small amount, as losses can lead to anxiety, sadness, and stress. However, in my opinion, it's best to start with money you can afford to lose when you start crypto

If you implement strategies like those mentioned, there's certainly potential for success in the crypto world. However, I think it's better to keep crypto as a side business, as the risks are very high, especially with altcoins

The advice directly came from CZ, the owner of Binance. I also think it is interesting advice. Advice that beginners should pay more attention to before embarking on their crypto journey. The crypto world is filled with people saying Had I known. A lot of them are regretting their actions, the actions they didn't take, the advice they heard but refused to listen. The regret is much nowadays. Beginners who don't want to be in those shoes have to listen to CZ's advice.

CZ's intention in writing this content may be for marketing purposes. Nowadays, platforms find every means to market their product. Binance is the most popular crypto exchange. CZ wants it to be more popular than it is currently. It is the dream of every product owner to see it flourish.

[Perfectbaby]

To be honest I usually see those who goes into crypto market with the intention to make whatever in their mind without them at least going into it to know what it all takes before one could start fully in that business. Of course, he is right because when you start too lower that is how your risk tolerance would be extremely low as well. But many people do not usually know these key points because they believe that investment is what they would invest and expect a particular output from their investments without at least making research, studying about the market structure or even about the security aspect. That is why he said of using very small amount to test running it first before trying to sink huge amount into that particular business or investment.

[Comeacross]

The idea is not really directed towards newbies to make an investment decision and other things needed of them to do at first with their encounter in cryptocurrency, but he's trying to chill out advertisement on their article the produce for newbies to subscribe onto, someone like me already know the intention to this kind of we of promoting what they have rather than trying to actually help the newbies out with some advice needed.

Everyone knows CZ is indirectly trying to promote their business and get more people onto their platform. It's a normal practice from them and not longer surprising.

But does it matter if the advice is useful? I really don't think it does matter whether the content is aim to promote their platform or not as long as the advice is useful and will help newbies in the cryptospace to get things right and avoid costly mistakes as a beginner.

The fact that it's promotional doesn't invalidate it's usefulness. What matters is whether it serve its purpose or not. I must admit that the tips are very useful.

[cryptomaniac_xxx]

Just basic though, and we all know that CZ has turn to be like Justin Sun now. He is more of shilling his Binance and BNB unlike before wherein his approach was different and he remain neutral. But now it's totally different, I guess he needs to evolved as well in the market to remain relevant.

So for those we might not know CZ, they might think it's a good advise. But if you look closely, it has been told many times already that it was just a rehearse on his end. And only newbies might be fooled and believed how good CZ is in terms of crypto advise and what's not.

[arwin100]

The idea is not really directed towards newbies to make an investment decision and other things needed of them to do at first with their encounter in cryptocurrency, but he's trying to chill out advertisement on their article the produce for newbies to subscribe onto, someone like me already know the intention to this kind of we of promoting what they have rather than trying to actually help the newbies out with some advice needed.

Everyone knows CZ is indirectly trying to promote their business and get more people onto their platform. It's a normal practice from them and not longer surprising.

But does it matter if the advice is useful? I really don't think it does matter whether the content is aim to promote their platform or not as long as the advice is useful and will help newbies in the cryptospace to get things right and avoid costly mistakes as a beginner.

The fact that it's promotional doesn't invalidate it's usefulness. What matters is whether it serve its purpose or not. I must admit that the tips are very useful.

Its common knowledge to lots of experience crypto investors, that CZ always do that.

He knows that by posting a tweet related with Binance he can easily catch the attention of people, especially those who always follow each noise made online.

But somehow its good to follow the learnings what CZ tries to deliver. But it will be good for people to have due diligence, so they could easily identify if the post created still helpful to any people or they are starting to take advantage then want to sell those people still listening on their words. People should not forget that he is businessman and companies interest is much important with those dudes.

[Somegory]

Take this advice with a grain of salt, CZ owns Binance, and also a new Dex, he is a big holder of BNB too, this man is rich in and out so just take this advice as a form of advertisement.

Invest what you can and don't overdo it.
There are many people who started just like CZ and they have already fallen due to risks involved.

Always risk what you can afford to lose even if you are risking it on most trusted assets like Bitcoin, there are other few ways to lose that money is care isn't taken.

[PrivacyG]

But Brian Armstrong is really strong As the name ArmSTRONG is getting a special place and was invited by Trump to discuss the Clarity Act.

People like this will only get the best place and forgiveness because they will be used by the government to regulate what they really cannot fully regulate.

I will find some body to be strong and actually helpful to Bitcoin when they have little to no financial influence on politics.  When there is a lot of money involved it is clear what drives them to higher highs every single time.  Achievements, new relationships with people of more influence, a better entry point in the administration of a nation, they are all simply driven by money every time.

To me, people like Satoshi and platforms such as b1exch that claim independency from any jurisdiction and try to do what the World leaders hate have a lot more power than those who have money and fame.  One side is always bribing, the other is always fighting.

[Muba20]

I think this is an interesting topic, and I think your advice is sound It's definitely worth reading for those new to the crypto world Entering the crypto world isn't easy, as many have experienced losses. It's best to start with a small amount, as losses can lead to anxiety, sadness, and stress. However, in my opinion, it's best to start with money you can afford to lose when you start crypto

If you implement strategies like those mentioned, there's certainly potential for success in the crypto world. However, I think it's better to keep crypto as a side business, as the risks are very high, especially with altcoins

Each of the OP's advices on the mentioned topic is certainly true. Despite knowing it, many cannot follow that advice properly. A new investor should start investing in crypto after being aware of his financial situation and how much he can invest before investing. If an investor starts with a small amount, then this is definitely a positive aspect for him. Many of those who invest initially fail to control their emotions and when the investment amount is large, it will be difficult to maintain that emotion. If one can make a habit of managing investment activities by starting with a small amount and keeping their greed under control, then those investors can later make big investments with their experience. However, in most cases, it is difficult for those who make mistakes in the beginning to recover. It is also important for an investor to gain investment knowledge before investing. If there is no proper knowledge of investment, then there is a high possibility of making mistakes.

This type of investment should not be considered a source of income. If someone has a regular income opportunity, they can start investing with a portion of that income. For those who invest considering trading as a source of income, this can be a cause of loss.

[hd49728]

A new investor should start investing in crypto after being aware of his financial situation and how much he can invest before investing.

A newbie in this market must start with investment, that's very right because trading is risky and by focusing on investment, there will be less possibility to focus on trading.

But investment must start with Bitcoin and most capital must be in Bitcoin too. It's true for both experienced investors and newbie investors while with newbies it's more important. By only investing in Bitcoin, newbies will avoid altcoins and won't lose money to scam altcoins.

If an investor starts with a small amount, then this is definitely a positive aspect for him.

It's true to start anything with small capital first, practice and learning with your trial investment. Live in the market with investment practice and your portfolio, then months later you will have more experience and understand the market better, it will be better time to use more capital for investment if you actually have it.

Many of those who invest initially fail to control their emotions and when the investment amount is large, it will be difficult to maintain that emotion.

Read and learn from it.

The roller coaster of emotional investing.
Psychological pitfalls of market cycle.
Wall Street cheat sheet: The psychology of market cycles.