Changpeng Zhao, also known as CZ, who co -founded the largest exchange in the world in 2017 and operated it as an executive president until 2023, has addressed the community to provide support for those who were shaken by a decrease in the current encryption market.
CZ gave a major advice to these people, as she shares life that can overcome all fluctuations in the market.
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Recommend CZ to reduce your encryption bag
Over the past seven days, the largest cryptocurrency in the world, Bitcoin, has crashed by more than 20 %, as it decreased to less than 78764 dollars. Now, BTC was partially lost and regained 7.8 %. At the time of writing this report, its hands change at $ 85,246 on the Bitstamp exchange.
CZ addressed those who have suffered from the giant Bitcoin decline and withdrawing the general encryption market that followed. In the post published today for those who “shook the decline”, they play for simple advice: “Reduce your size to a level you can handle.”
CZ added that mental stability is crucial for long -term encryption holders and can help in dealing with severe fluctuations in the market: “Mental stability exceeds all market fluctuations.”
These tweets reflect the X X published by CZ yesterday as if he decided to repeat the same thought for a better influence. He stressed that the declines are an integral part of the encryption markets. “If you are tense about it, you are likely to reduce the size of the investment,” he said.
However, he explained then that this is a way to go “if you see Crypto as an investment.” Chic in its best admitted that the encryption is “it has turned into a world”, and it “has gone out of the ancient world 11 years ago.”
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“Bitcoin will not die,” Check Trich believes
Earlier this week, when commenting on Bitcoin’s large retreat, Tweet Changing Zhao he did not think Bitcoin will die. Thus, he emphasized his steadfast faith in the market and the future of cryptocurrency as an integral part of the future financial system.
He also revealed that he had not sold any of the encryption holdings during recent market drops. Earlier, CZ revealed that its encryption bags only consist of bitcoin and Binance (BNB).
