Binance founder CZ pointed out in an article on X platform that users are unable to hold Bitcoin for a long time, often due to insufficient understanding of technology, finance, and the workings of the world. He stated that if one buys Bitcoin solely based on recommendations from others, it is more likely to fall into panic selling when encountering fluctuations. He suggested that investors read more relevant materials to enhance their cognition and beliefs.
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. 🙏
On May 9th, according to Spotonchain monitoring, the whale "0x22b7" transferred 32.52 million NEIRO coins from CEX in the past hour, equivalent to approximately $3.01 million, accounting for 3.25% of the total supply and becoming the third largest whale in terms of coin holdings on the chain.
The current price of ETH is $2221.58, with a 16.48% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 11.98 million US dollars, with multiple orders being the main liquidation and ETH liquidation of 4.11 million US dollars (34.34%). The data is for reference only.
