Binance Founder CZ Reveals 'Perfect Time' To Buy and Sell Bitcoin: 'Sell When There Is Maximum Greed, and Buy When There Is Maximum Fear'

1 day ago 5

In the midst of marketplace volatility, Changpeng Zhao, the laminitis of Binance, has shared his position connected the champion times to commercialized Bitcoin (CRYPTO: BTC), sparking a lively statement wrong the crypto community.

What Happened: In a station connected X, Zhao, besides known arsenic CZ, projected that the concealed to maximizing profits successful Bitcoin’s erratic cycles is to merchantability erstwhile the market’s greed is astatine its zenith, and bargain erstwhile fearfulness is astatine its peak.

Unpopular opinion, but it's amended to merchantability erstwhile determination is maximum greed, and bargain erstwhile determination is maximum fear. 🤷‍♂️

Significantly, CZ’s proposal comes astatine a clip erstwhile Bitcoin’s sentiment indicators are oscillating wildly betwixt extremes.

A fig of commentators person concurred with CZ’s viewpoint, stressing that traders should intimately show alternatively than emotionally respond to marketplace conditions.

Also Read: Bitcoin Plunge Traps Over 70% of Capital, Market Sentiment Hits New Low

The caller Fear & Greed Index illustration indicates marketplace greed surging during terms rallies, portion fearfulness sharply increases during important pullbacks.

Fear and Greed Index by CoinMarketCap pic.twitter.com/LQxBspfOfD

They reason that this principle should beryllium applied across all reliable cryptocurrencies to maximize returns.

Sell astatine greed, bargain astatine fearfulness sounds astute lone successful drama.
In existent markets, cipher rings a doorbell saying maximum greed oregon fear.
If you could really clip peaks and bottoms, you wouldn't beryllium tweeting.. you would beryllium moving a hedge fund.
Everyone thinks they are buying the dip… until…

Why It Matters: The proposal from CZ comes astatine a captious clip erstwhile Bitcoin’s marketplace sentiment indicators are experiencing utmost fluctuations. His position connected trading during times of marketplace greed and fearfulness resonates with the broader crypto community’s accent connected rational decision-making.

This approach, if applied consistently crossed each reliable cryptocurrencies, could perchance maximize returns for traders.

The ongoing discussions astir CZ’s proposal item the value of strategical trading successful the volatile crypto market.