Binance CEO Reminds Everyone Not to Panic Sell

Today, Binance CEO Changpeng Zhao (CZ) tweeted about the recent $28K Bitcoin dip and reminds everyone not to panic sell.

CZ elaborated in his tweet that 99% of the time, we are in a dip. However, some people still complain about the lack of opportunities to join the crypto community. Others often say that they are a  little too late for it now.

Furthermore, the CEO of Binance also stated that we need to ‘learn from our past mistakes’. He even suggested writing down ‘panic sell is bad’ just to be reminded to calm down during a market down. Most importantly, he warns everyone to ‘structure risks’ so that they don’t sell again out of panic.

Yesterday, Bitcoin dropped to a shocking $28,000 level that causes everyone to worry. Obviously, the world’s largest cryptocurrency showed a bearish trend the past few days. However, looking at the charts, BTC is heading towards the $40,000 level soon.

Of note, Bitcoin recorded a decline rate of -15.5% in the past 7 days. This is the result of the left and right issues faced by Bitcoin recently. Previously, China mulls on banning Bitcoin activities and the Agricultural Bank of China prohibiting the use of virtual currency transactions.

Usually, during a dip, more whales keep on buying while small traders are on panic and selling their crypto. Indeed, it is a great reminder from CZ to every trader and crypto enthusiast out there. As of writing, BTC is trading at $34,099.19 with a 24-hour trading volume of $64,176,302,560.

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Source: https://coinquora.com/binance-ceo-reminds-everyone-not-to-panic-sell/