We can be CZ

[freedomgo]

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?

[promise444c5]

HODL works for everybody so far you are willing to hold , it’s not hard. Trading comes with a lot of risk attached but there’re some who actually prefer to trade the ups and down for quick profit than just holding.  Both works but one comes with bigger risk of losing money which is trading.

Btw, I HODL too

[Cookdata]

HOLD really is still the best strategy. (according to CZ).

I'm a businessman, not a trader.  how about you?

No! CZ is that guy that was arrested for money laundering and pleaded guilty, paid $4bn to settle the case. Now looking for ways to make more money.

Ever since he came back from prison, he has been bull posting nonsense on X liquidating investors bags. He will shill a coin today, hide under Bitcoin with some motivational quotes. Bitcoin this and that.

Just a business man that want to be at the top of the game.

[She shining]

Lol are you really going to believe the words that comes out of the mouth of a fraudster. He has no reason to do any of this just rugpull and he makes his money. I highly doubt that he has huge amount of Bitcoin as investment but more like he has them for trading. Once they have made it they can say anything as their strategy to make them stand in the light.

[bettercrypto]

If we are to base it on the facts, what CZ said is true: even if you are just a holder in this crypto space especially if you focus on Bitcoin after a few years, it will yield a great ROI (Return on Investment) in the near future.

That’s why someone like MicroStrategy, despite already being a billionaire entity, continues to buy thousands of Bitcoins whenever they decide to purchase. They simply hold them; they don't seem to be trading, and we don't even know when they plan to sell. While we have no idea if they engage in any trading activities on the side, my personal take is that they are strictly sticking to a 'hold' strategy.

[freedomgo]

HOLD really is still the best strategy. (according to CZ).

I'm a businessman, not a trader.  how about you?

No! CZ is that guy that was arrested for money laundering and pleaded guilty, paid $4bn to settle the case. Now looking for ways to make more money.

Ever since he came back from prison, he has been bull posting nonsense on X liquidating investors bags. He will shill a coin today, hide under Bitcoin with some motivational quotes. Bitcoin this and that.

Just a business man that want to be at the top of the game.

Forget about the person or who said it, that part doesn’t really matter.

The point is simple, HODL works, and it works for everyone as a long-term strategy.

how about you, do you HODL?

@She shining - you don't need to believe the person, believe the strategy.

[tabas]

Very simple words and that is to HODL. We're holders, we're businessmen and there's no need to deal with trading which people have to do in a day-to-day basis. Although there are traders that might say they only trade after a few days or weeks of doing it. But we can understand how important and powerful is becoming a holder/investor. That speaks a lot not only for CZ but also for everyone who's stayed to become a long term holder. The more profit is in it and all you need to overcome is the emotional part when the market is full of uncertainty.

[SamReomo]

Founder of the best centralized exchange is a long term holder and that matters a lot. Although, CZ had bad reputation in past due to various allegations but still being founder of a platform that's famous for trading and still saying that he's more in holding than trading says a lot about the importance of investing and holding.

[Jatiluhung]

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?

At least Cz explained that he was ultimately just an investor, in addition to being a developer and a skilled businessman in his field of expertise. But he also made an honest admission about when he ever tried and failed at trading. (Regardless of what else he does. Like he sometimes makes posts that trigger hype in the community in the field of coin memes or something like that on the BNB network. )

Personally, I also hold more than I trade these days. Especially day trading I'm really not an expert in that field. But swing trading, I think, is also a medium-term holding strategy. So I still do it with altcoins. But with Bitcoin, I think long-term holding is still the best.

The point is, it's better to build your finances in the field you master. And put some of your profits into Bitcoin and hold it for the long term.

[DeeppRockk]

Very simple words and that is to HODL. We're holders, we're businessmen and there's no need to deal with trading which people have to do in a day-to-day basis. Although there are traders that might say they only trade after a few days or weeks of doing it. But we can understand how important and powerful is becoming a holder/investor. That speaks a lot not only for CZ but also for everyone who's stayed to become a long term holder. The more profit is in it and all you need to overcome is the emotional part when the market is full of uncertainty.

to be fair, conflating these things is exactly how people get into trouble. there are two completely different systems at play here.

System one is the Bitcoin network: a permissionless protocol where 'HODL' simply means you control a private key tied to a UTXO.

this system is governed by math and has no emotion.

system two is the world of regulated financial services, which is where CZ operates. this system is governed by Terms of Service, AML/KYC laws, and compliance departments. when you praise CZ and 'HODLing' in the same breath, you are confusing the two.

people who 'HODL' on Binance aren't HODLing bitcoin; they are holding an unsecured claim on a database entry within a private company.

 that company can, and will, freeze your 'assets' the second their risk algorithm flags you.

its not personal, its just their operating procedure to stay compliant with regulators.

so when you talk about 'overcoming the emotional part,' youre missing the real risk in my view. the emotional strain of watching the price drop is nothing compared to the emotional strain of getting an email that says your account is suspended 'pending review.'

The former is a feature of a free market. the latter is a feature of a centralized, permissioned system that you voluntarily opted into.

you can't be a 'businessman' if you dont even have custody of your own business assets. its a systemic feature, not a bug, that exchanges are a risk.

people just choose to ignore the fine print until its too late for them.

[NurseHub]

HOLD really is still the best strategy. (according to CZ).

I'm a businessman, not a trader.  how about you?

No! CZ is that guy that was arrested for money laundering and pleaded guilty, paid $4bn to settle the case. Now looking for ways to make more money.

Ever since he came back from prison, he has been bull posting nonsense on X liquidating investors bags. He will shill a coin today, hide under Bitcoin with some motivational quotes. Bitcoin this and that.

Just a business man that want to be at the top of the game.

That is the true nature of a business man, they do not give a damn about what you think they are doing as long as they are heading to the top, bitcoin is the excuse ground for most people and so CZ is one of them.

But I still agree with the point he made that we should buy and hold and not trade but if you have a strong emotion and have strong belief in trading no one can hold you not even CZ post because even him once traded and lost so you can still try.

[Zaguru12]

Forget about the person or who said it, that part doesn’t really matter.

The point is simple, HODL works, and it works for everyone as a long-term strategy.

how about you, do you HODL?

@She shining - you don't need to believe the person, believe the strategy.

Even traders hodl, and yes if trading doesn’t works for CZ it doesn’t mean that it will not work out for other people. One thing I can say that I picked here is that the post is more or less telling every one to pick their battles as they think they can win it and not actually do things because everyone does it, aside holding if trading is actually very profitable for you then there is no point backing off from it, even CZ actually said outrightly that he actually develops or builds so he does add something to his game too (even though he didn’t mention that he also promotes or creates scams tokens too).

For me CZ isn’t a yard stick to paint trading bad because he doesn’t trade, he himself does things that we don’t actually also agree is worth engaging in. But at the end Hodl is the most less risky strategy and that’s not up for a debate but it depends on what you’re holding on to

[_act_]

Even traders hodl, and yes if trading doesn’t works for CZ it doesn’t mean that it will not work out for other people.

I have seen a post of Vitalik Buterin saying that anyone going more than 2x, that it is very dangerous. Know that CZ knows what he is saying than what you are thinking, trading is not for most people because they will not know that where they are trying to make money is very risky like gambling. Trading can promise fast means of making money, but it will drain someone's income instead. Some people may remain unsuccessful because if trading, that is what CZ is saying indirectly. He has access to many things about Binance, he noticed that most traders are losing. He is telling people indirectly.

[hd49728]

I have seen a post of Vitalik Buterin saying that anyone going more than 2x, that it is very dangerous. Know that CZ knows what he is saying than what you are thinking, trading is not for most people because they will not know that where they are trying to make money is very risky like gambling. Trading can promise fast means of making money, but it will drain someone's income instead. Some people may remain unsuccessful because if trading, that is what CZ is saying indirectly. He has access to many things about Binance, he noticed that most traders are losing. He is telling people indirectly.

With 2x leverage, your position will be liquidated when price changes around 50% to 55% opposite to your position, that's it and in cryptocurrency market, a quick drop of 50% or 55% is not too barely seen.

Unfortunately, leverage enthusiasts don't satisfy with 2x leverage and they would prefer to use higher ones like 3x, 4x, 5x, 10x, 25x, 50x or even higher. Hence, with most leverage enthusiasts, they fail to control their greediness, action and used leverage at beginning while what will happen with their position depends on the market manipulation and centralized exchange works against users.

Most of time, over leveraged users will be liquidated and lose most of their initial money.

[GreatArkansas]

Well, that makes sense if you are CZ of Binance, with that a lot of money and less time already, you will not have time to trade, and you don't need to anymore.
But I understand his point, not all traders are profitable. That's why there are other people who tend to hold only Bitcoin instead of day trading, which for sure there are already a lot of that can prove that they are more making money when buying and just hold it instead of trading.

[Luke3bird]

Well, that makes sense if you are CZ of Binance, with that a lot of money and less time already, you will not have time to trade, and you don't need to anymore.
But I understand his point, not all traders are profitable. That's why there are other people who tend to hold only Bitcoin instead of day trading, which for sure there are already a lot of that can prove that they are more making money when buying and just hold it instead of trading.

Trading is not a main job of many people but even when people want to become full time traders, it's not only hard but also very challeging to succeed with trading in Bitcoin market that is volatile and very unpredictable with many risk of manipulations and liquidations.

People don't need to be CZ for having basic knowledge about Bitcoin, this market history and potentiality of Bitcoin in bringing very good ROI for investment in Bitcoin after several years. If they have enough motivation for learning these things from CZ or any other successful investors, they can know well about Bitcoin and can start their long term investment.

[m2017]

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?

Do you need a BTC-messiah convincing you with his sermons to believe in the "magical" power of HODL? Not for me. I know this without CZ's words, and I don't need his sayings in X (I don't read X). I will do, albeit the same, but based on my personal choice and preference, and not following the advice of a media personality like CZ.

Stop creating BTC-idols for yourself who supposedly know what's what in this industry. They're just like the rest of us, encountering with crypto for the first time, and no one can predict the future of crypto currencies.

[FinneysTrueVision]

Forget about the person or who said it, that part doesn’t really matter.

The point is simple, HODL works, and it works for everyone as a long-term strategy.

how about you, do you HODL?

@She shining - you don't need to believe the person, believe the strategy.

Looking at the statement alone, without any other context, then holding BTC does tend to outperform many trading strategies. With that said, CZ doesn’t come off as a sincere person. He built his wealth by extracting profits from retail traders.

He says rational sounding things so people will see him as a nice guy instead of a supervillain who manipulates markets and sends tokens to zero. The real CZ isn’t looking out for anybody’s interests but himself.

[Furball808]

Well he is right. Not all of us are meant to be traders. We have different strengths and it’s important that we realize that sooner or later and focus on our strengths instead. He realized what was best for him and he did it. He lost money and never looked back. Now he’s earned money through one of his strengths.

[Hazink]

I try to be a holder and not a trader, as that's the best way to survive this volatile market without losing too much and not because a developer and CEO who have made billions advise or share that idea. We have seen how the market has been those who get involved in trading only few of them can boast of good profit the rest are always between the lines of either trying to recover their capital or always counting their losses.