🚨 Important Warning from CZ: The Biggest Mistake in the Cryptocurrency World is "Selling the Dip"!
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🗣️ What Happened?
– Changpeng Zhao (CZ) stated that the biggest mistake investors make in the cryptocurrency market is selling their assets during sharp price declines.
– CZ emphasizes that all millionaires in this field have gone through severe downturns, but they did not sell their assets; instead, they "held onto them during the dips."
– He added that there is a story of a man who went from being a billionaire to a millionaire simply because he sold during a price drop due to panic.
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💡 Between the Lines:
– This advice underscores the importance of long-term investing and patience in the face of market volatility.
– CZ believes that predicting short-term market movements (day by day) is extremely difficult, while forecasting the general market trend over the long term (10 years) is much easier.
– His advice aims to protect investors from emotional selling decisions that lead to real losses.
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❓ Do you find yourself inclined to sell when the market drops, or do you prefer to buy the dip?
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