The founder of the world's largest cryptocurrency exchange Binance, CZ, continues to be actively involved in the crypto sector even after stepping down from his role as CEO.
At this point, CZ, who even launched a memecoin after leaving prison, recently made important statements regarding Bitcoin (BTC) and altcoin investments.
CZ, warning investors, stated that investing in cryptocurrencies through X account is equally risky as not investing.
"Investing in cryptocurrencies is risky. Not investing in cryptocurrencies is also risky."
CZ, who pointed out that BTC and altcoins are inherently risky investment vehicles, stated that investors should manage their risks in every situation.
CZ, who advises investors to learn how to manage their risks, recommended that investors conduct thorough research before investing in the cryptocurrency market, determine their risk thresholds, and only invest amounts they can afford to lose.
CZ stated that investors who are not aware of these risks and issues related to cryptocurrencies should not participate in the crypto market.
Learn to manage risk:
What is the worst-case scenario? Can you survive if it drops to 0? Can you maintain your lifestyle?
How many times do you have the strength to try?
Do you know/understand what you are doing? If you don't know, read/learn.
Learn to manage risk:
ask: what is the worst case scenario? if it goes to 0, can you survive? keep your life style?
how many times can you afford to try?
do you know/understand what you are doing? if not, read/learn.
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Binance Founder CZ Warned About Bitcoin (BTC) and Altcoin Investments!
The founder of the world's largest cryptocurrency exchange Binance, CZ, continues to be actively involved in the crypto sector even after stepping down from his role as CEO.
At this point, CZ, who even launched a memecoin after leaving prison, recently made important statements regarding Bitcoin (BTC) and altcoin investments.
CZ, warning investors, stated that investing in cryptocurrencies through X account is equally risky as not investing.
CZ, who pointed out that BTC and altcoins are inherently risky investment vehicles, stated that investors should manage their risks in every situation.
CZ, who advises investors to learn how to manage their risks, recommended that investors conduct thorough research before investing in the cryptocurrency market, determine their risk thresholds, and only invest amounts they can afford to lose.
CZ stated that investors who are not aware of these risks and issues related to cryptocurrencies should not participate in the crypto market.