Ex-Binance CEO Changpeng Zhao looks back on his early days in Bitcoin, sharing risky strategy that ultimately paid off big - but he warns others to think twice before taking same path
CEO told the strange story of buying Bitcoin in 2014, a time when the market seemed almost determined to test his resolve. He entered during a bear market and, with little money on hand, found himself unable to buy the dips or take profits during the slump. It was a rocky start, to say the least.But the story does not end there. What may sound like an unremarkable tale of bad timing has taken an unexpected turn over the years.
Zhao's thoughts come at a time when the cryptocurrency market is feeling pretty intense. Just recently, $1.7 billion in derivative positions have been liquidated. But CZ's message is not one of bragging. Instead, it is a quiet nod to luck, timing and what you can learn from it, and a subtle warning to others."I do not recommend my strategy," seems to be the bottom line of his reveal.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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