While many investors are happy that Bitcoin passed $23,000 during the day, some investors are not sure that the bear market is over yet.
Bitcoin, which started the year 2023 well, experienced a 40% increase in a short time. While such a rise increases the risk appetite of investors, bad memories in 2022 cause some investors to approach the market cautiously.
While Bitcoin is trying to stay above $23,000, a new post came from Binance CEO CZ.
Reminding that Bitcoin is not dead and is still here, Cz also gave some advice to investors.
Drawing attention to Bitcoin’s recent upward performance, Cz made a suggestive reference to some mainstream media outlets by saying “After Bitcoin dies”.
After “#bitcoins is dead”. pic.twitter.com/RTi8cJR0WM
— CZ 🔶 Binance (@cz_binance) January 21, 2023
Cz, who did not neglect to warn investors, said:
“Embrace risk management in bull markets.
Do not be afraid of losing the opportunity.
Do not put all your investments in one coin.”
In bull markets, adopt risk management.
Don’t FOMO.
Don’t put all your investments in one single coin.(Not financial advice)
— CZ 🔶 Binance (@cz_binance) January 21, 2023
Bull market messages that came after a long period of time caused questions about whether the new rally will last longer than expected.
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