Cz Binance Quote has destroyed a lot of life - This is what I think
CZ needs to come and explain that tweet, because it is destroying people.
I am not joking when I say this, a few months ago, someone was sitting on $118,000 worth of $STRK , they held, they did not sell, they remembered what @CZ said, if you cannot hold you will not be rich, so they held, that same bag is now worth around $13,000 and this is the story of many other people out there, people holding #altcoins and #memecoins , they never know when to sell or take profit because of that particular quote from Cz ( I love Cz btw ) and I honestly think Cz needs to come back and explain so we don’t have people burning their years of hard work because of a quote from Cz.
Go into any meme coin group right now and I promise you, you will find people who watched their money go from something that could have changed their life, to basically nothing, they watched it happen in real time and they did not sell, not because they are stupid, but because someone they trust told them that selling makes you poor and holding makes you rich, so they held, and they lost everything.
That is the main part that breaks my heart.
CZ is not a bad person, I am not saying that, but when you have that many people listening to you, when millions of people hang on every word you post, you have to be more careful, you cannot just say hold and leave it at that, because not everyone listening to you is holding Bitcoin, some of them are holding meme coins, some of them are holding altcoins that are down 80% and still falling, the advice does not work the same way for every asset and CZ knows this, but he never said it.
Holding $BTC since 2015 and holding a meme coin you bought last Tuesday are not the same thing, not even close, but that tweet does not make that distinction and that is the problem.
I have seen this destroy people, real people, people who had profits that could have paid off debts, bought property, changed their family situation forever, they held through all of it, they held because they were afraid of being called weak hands, they held because they did not want to be the person who sold too early and missed the next pump, so they held, and the market took everything back.
CZ please, come back and explain that tweet, tell people what kind of assets you were talking about, tell them that taking profit is not a sin, tell them that selling half and letting the rest ride is not weakness, it is wisdom, tell them that no piece of advice, including yours, should ever replace their own judgment.
Because right now, that one quote is being used as a reason to not take profit on anything, ever, and it is ruining people, quietly, painfully, one portfolio at a time.
A lot of #altcoins are down 80% and they Will probably never recover because their cycle is over.