What does CZ's trading advice really mean?

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shard_2013Full Member
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#1Oct 4, 2023, 06:37 AM
Saw this topic floating around. CZ's comments hit hard, especially coming from a former Binance CEO. He knows the game, right? Could be a wake-up call for traders.
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#2Oct 5, 2023, 03:10 PM
Totally agree. People are just chasing profits, even when they're already in the green. Maybe CZ lost some too and that's why he's speaking out. Trading now is super varied, not just use.
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maxi100Newbie
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#3Oct 5, 2023, 03:43 PM
We gotta take responsibility for our trades and losses. No one else is to blame if we lose money. Centralized exchanges just provide a platform; we choose how to use it.
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0xMatrixNewbie
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#4Oct 5, 2023, 04:01 PM
HODLing isn’t always the answer. I've seen lots of altcoins that haven't even come close to their all-time highs. If you don’t know trading, better off just holding Bitcoin and diversifying elsewhere.
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#5Oct 5, 2023, 09:50 PM
Exactly. Bitcoin’s track record shows holding works but most altcoins? Nah. If the project’s weak or has no support, it’s dead weight. Risky to hold those.
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fudbusterSenior Member
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#6Oct 6, 2023, 02:53 AM
CZ knows what he’s talking about. Most traders lose money because they’re up against the big players who can manipulate the market. If you ain't a whale, good luck.
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#7Oct 6, 2023, 05:11 AM
Yeah but it’s how people trade that matters. Chasing low liquidity coins hoping for a quick gain usually ends in disaster. Some of us can trade profitably if we know what we're doing.
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lonenonceFull Member
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#8Oct 6, 2023, 06:11 AM
CZ's just sharing his experience, not trying to save anyone. He’s saying holding is less risky for most traders, and honestly, that rings true.
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#9Oct 7, 2023, 07:58 AM
You hit the nail on the head. A lot of people are playing with fire by investing in random shitcoins and calling it trading. If you hold Bitcoin, you avoid a lot of that risk.
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paulcoinNewbie
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#10Oct 7, 2023, 08:29 AM
I feel like Bitcoin and gold are the only true long-term holds. Others? Just trade them at the right time. Altcoins are too unpredictable.
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bull_foxNewbie
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#11Oct 8, 2023, 12:49 PM
Yeah, it’s all about timing with altcoins. You can’t rely on them like Bitcoin. Only a handful have even managed to hit ATH recently.
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#12Oct 8, 2023, 03:07 PM
I keep an eye on CZ's posts. He’s got a knack for setting trends, even if he doesn’t mean to. Trading is tough, and he’s right, long-term holders usually come out on top.
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#13Oct 8, 2023, 07:36 PM
CZ might just be trying to deflect from the market manipulation scandals surrounding Binance. He gives good advice sometimes, but it's coming from a tricky position.
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#14Oct 8, 2023, 09:44 PM
I can’t stand CZ after my own bad experiences with his app. Lost a bunch of money due to glitches in Trust Wallet. Feels like he doesn’t care about users at all.
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nick.orbitFull Member
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#15Oct 9, 2023, 01:36 AM
So true. If you want safety in crypto, holding is the way to go. But if you're diving into other coins, know what you're getting into, especially with Ethereum and BNB.
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fork42Hero Member
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#16Oct 9, 2023, 07:48 AM
Maybe he thinks holding protects against market manipulations better than trading. You gotta know when to switch strategies, like CZ did.
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the_farmMember
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#17Oct 9, 2023, 07:57 AM
But isn’t he mainly talking about altcoins? He’s got BNB too. Different strokes for different folks, I guess. Holding works for some, not for others.
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0x4lphaFull Member
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#18Oct 9, 2023, 01:15 PM
Isn’t it weird? He claims to have traded for years but Bitcoin’s not that old. What was he trading before? Seems like he’s talking in circles.
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#19Oct 11, 2023, 12:15 PM
People forget that crypto isn’t just about Bitcoin. Stocks and commodities are just as risky. He’s not wrong to warn about trading losses.
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the_farmMember
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#20Oct 11, 2023, 12:41 PM
If HODLing isn’t the best strategy, then what is? Those who hung onto Bitcoin since day one are doing great. Like, if you didn’t sell, you're sitting pretty.
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