Advice Against FUD From Binance CEO CZ!

Binance CEO Changpeng Zhao, also known as CZ, recently tweeted that fear, uncertainty and doubt (FUD) cryptocurrency shared his thoughts on the impact on the market.

Binance CEO Gives Advice Regarding FUD Resources

In his tweet, CZ stated that those who buy the bottom due to FUD should thank the sources of this FUD, so the sellers should not follow these sources, unsubscribe, report and block them.

He continued by emphasizing the importance of controlling one’s own choices and actions, rather than allowing low-quality sources of information to dictate one’s financial decisions.

FUD is a tactic often used by those who want to manipulate the market by spreading negative and misleading information about a particular asset or company.

If you bought the dip because of FUD, you should thank them.

If you sold because of it, then unfollow/unsubscribe, report, and block.

Don’t keep low quality information sources that makes you poorer.

Choice and action are what you can control. 🙏

— CZ 🔶 Binance (@cz_binance) January 13, 2023

In the cryptocurrency market, this can be in the form of false rumors or speculation about a particular coin, or even outright fraud. The aim is to cause fear and uncertainty in the minds of investors to sell their assets at a lower price and to make the manipulators buy at a cheaper price.

CZ’s message is clear: Don’t let the FUD control your financial decisions. It’s important to do your own research and make informed decisions based on reliable sources.

By following and subscribing to low-quality sources of information, you run the risk of being misled and potentially losing money. Instead, CZ recommends blocking these sources and focusing on sources that provide accurate and reliable information.

In addition, CZ suggested that low buyers due to FUD should be grateful to the resources of this FUD. As counterintuitive as it may seem, buying low and selling high is one of the key tenets of successful investing.

*Not investment advice.