Bitcoin Surpasses $100,000, Drawing Attention Once Again
After a very long break, Bitcoin rose above $100,000 again last night and became the center of attention of the sector once again.
At this point, a post came from Binance former CEO CZ.
CZ outlined a golden rule that investors should follow to get good returns and gave advice on how to stay profitable in the cryptocurrency market.
CZ stated that Bitcoin is easy to buy “only if you don’t panic sell”, and that panicking in the face of adverse market conditions will cause you to sell at a loss.
Therefore, CZ stated that it is vital to stand against fear, doubt and uncertainty (FUD), and reminded that the golden rule in Bitcoin is not to panic sell and to remain calm.
Bitcoin is easy, just don’t panic sell. ♂️
— CZ BNB (@cz_binance)
May 8, 2025
Lack of Information on Bitcoin!
Following this post, CZ made another similar post and emphasized why HODLing Bitcoin (BTC) is boring for some users.
CZ emphasized that the reluctance of investors to HODL is due to lack of knowledge and investors’ lack of understanding of blockchain technology and finance.
On this point, CZ believes that the difficulty of holding cryptocurrencies often stems from limited understanding of technology, finance, and markets. He noted that those who buy Bitcoin based on the advice of others are more likely to panic sell, and that being more informed can lead to better decisions.
The inability to hold often comes from a lack of understanding of tech, finance, and the world.
If you only bought bitcoin because someone else said so, your conviction to panic hold will be low.
More reading helps.
— CZ BNB (@cz_binance)
May 9, 2025
*This is not investment advice.
